Dear Sir,
Our Company has a process of releasing bonus for the previous financial year on every diwali i.e. bonus for the FY 14-15 to be release on Diwali of FY 15-16.
One of our employee had left the organisation in October 2015. Now he wants his complete bonus for FY 14-15 & FY 15-16 (total 19 months). He is saying that without getting bonus for 19 months his full and final settlement is not complete and he will sue the company if not paid? can he claim bonus for both the years. Is he eligible for complete 19 months or not? Please advice.
Our Company has a process of releasing bonus for the previous financial year on every diwali i.e. bonus for the FY 14-15 to be release on Diwali of FY 15-16.
One of our employee had left the organisation in October 2015. Now he wants his complete bonus for FY 14-15 & FY 15-16 (total 19 months). He is saying that without getting bonus for 19 months his full and final settlement is not complete and he will sue the company if not paid? can he claim bonus for both the years. Is he eligible for complete 19 months or not? Please advice.