I need advice on pursuing my case for a retention bonus with my previous employer on legal terms. My annual compensation had a component for a retention bonus which is paid upon successful completion of one year. I resigned after 9 months of employment and served a 3-month notice period, thus completing exactly 1 year and 7 days in the company. Now, during the Full & Final settlement, the employer is refusing to pay the retention bonus component of Rs. XXX. I have requested multiple times, but the employer is not ready to budge. So, I need legal advice to pursue the matter.
Details of Employment
Date of joining: 20th Jan 2015
Date of resignation: 6th Nov 2015
Date of leaving: 29th Jan 2016
Terms of Offer Letter
"Your total annual remuneration on a Cost to Company basis will be Rs. XXX, which includes Rs. XXX as a Retention Bonus paid upon successful completion of one year."
Regards,
[username]
Details of Employment
Date of joining: 20th Jan 2015
Date of resignation: 6th Nov 2015
Date of leaving: 29th Jan 2016
Terms of Offer Letter
"Your total annual remuneration on a Cost to Company basis will be Rs. XXX, which includes Rs. XXX as a Retention Bonus paid upon successful completion of one year."
Regards,
[username]