Hello,
Annual bonus is part of our CTC component and is usually paid in the next calendar year probably by April or May, but there is no fixed date when it will be paid.This year it has been delayed we haven't yet received our annual bonus of 2015. And now Management has introduced a new policy which requires an employee to be on active payroll (Means employees should not be on notice period or absconding or terminated) w.e.f from Aug 1st, 2016.So my question is it legally valid and applicable to the annual bonus of 2015? i.e If I resign now, will I not be entitle to the annual bonus of 2015.Please advise.
Note :Factors considered for paying the annual bonus are Individual performance, company performance, industry performance and managements decision and now active payroll is also added to it
Thank you for you Help.
Annual bonus is part of our CTC component and is usually paid in the next calendar year probably by April or May, but there is no fixed date when it will be paid.This year it has been delayed we haven't yet received our annual bonus of 2015. And now Management has introduced a new policy which requires an employee to be on active payroll (Means employees should not be on notice period or absconding or terminated) w.e.f from Aug 1st, 2016.So my question is it legally valid and applicable to the annual bonus of 2015? i.e If I resign now, will I not be entitle to the annual bonus of 2015.Please advise.
Note :Factors considered for paying the annual bonus are Individual performance, company performance, industry performance and managements decision and now active payroll is also added to it
Thank you for you Help.