Dear Sir, I was working in a private bank for the last 12 years and was performing well every year. I was a top performer and had good relations with my bosses during my tenure. However, last year, my boss changed, and the new boss subjected me to verbal abuse in meetings and displayed inappropriate behavior towards me. On March 31st, they informed me that I was being transferred to a rural location 100 km away from my current workplace, despite my consistent good performance throughout the year. This decision seemed to be driven by their personal dislike towards me, racial discrimination, and grudges they held.
I reached out by email and filed a formal complaint with the bank's Managing Director and senior HR personnel, but unfortunately, no action was taken. They continued to pressure me to accept the transfer to the rural location, leading me to resign on April 7th.
Upon resigning, I demanded accountability for the unjust treatment I faced from my supervisor and requested the payment of my bonus and shares allocated to me by the bank. However, the Bank HR declined to provide me with the bonus for the last year and the shares, citing that these benefits are not entitled to resigned employees.
I explained to them that I was forced to resign due to the unfair circumstances created by my supervisor. I am now adamant about not continuing my association with the bank and insist that I receive my last year's bonus and shares as rightfully allocated.
I seek assistance in resolving this matter and urge the bank to fulfill its commitment by releasing my entitled bonus and shares.
Your guidance and support in this situation would be greatly appreciated.
From India, Lucknow
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I reached out by email and filed a formal complaint with the bank's Managing Director and senior HR personnel, but unfortunately, no action was taken. They continued to pressure me to accept the transfer to the rural location, leading me to resign on April 7th.
Upon resigning, I demanded accountability for the unjust treatment I faced from my supervisor and requested the payment of my bonus and shares allocated to me by the bank. However, the Bank HR declined to provide me with the bonus for the last year and the shares, citing that these benefits are not entitled to resigned employees.
I explained to them that I was forced to resign due to the unfair circumstances created by my supervisor. I am now adamant about not continuing my association with the bank and insist that I receive my last year's bonus and shares as rightfully allocated.
I seek assistance in resolving this matter and urge the bank to fulfill its commitment by releasing my entitled bonus and shares.
Your guidance and support in this situation would be greatly appreciated.
From India, Lucknow
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Bonus and Employee Stock Option Plan (ESOP) Conditions
The bonus as part of remuneration cannot be denied to a departing employee. However, shares issued as part of an Employee Stock Option Plan cannot be forfeited if you have not worked for the minimum period mentioned in the ESOP. Please note that there should be some conditions attached to it, such as a three-year or five-year locking period, and the forfeiture of shares issued if you leave before that period.
From India, Kannur
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4670The bonus as part of remuneration cannot be denied to a departing employee. However, shares issued as part of an Employee Stock Option Plan cannot be forfeited if you have not worked for the minimum period mentioned in the ESOP. Please note that there should be some conditions attached to it, such as a three-year or five-year locking period, and the forfeiture of shares issued if you leave before that period.
From India, Kannur
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