I joined a company around 11 months ago, and as per my contract, I was supposed to receive a retention bonus of INR 50,000 after one year. I have completed 11 months now, and due to restructuring within the organization, the company is asking me to leave. I am wondering if I would still be eligible for this retention bonus.
Additionally, I have a 2-month notice period remaining. My one year will be completed after this month. Would these 2 months be considered part of the one-year period as mentioned in my contract?
From India, New Delhi
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Additionally, I have a 2-month notice period remaining. My one year will be completed after this month. Would these 2 months be considered part of the one-year period as mentioned in my contract?
From India, New Delhi
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Yes.. your notice period should be considered and you will be eligible for retention bonus, subject to the clause of your employment agreement. Rgds/Jitender
From India, New Delhi
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71From India, New Delhi
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Thanks a lot Jitender for your prompt response. As far as terms and conditions are concerned, it just states that retention bonus will be paid only after one year..no clauses are there as such!!
From India, New Delhi
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From India, New Delhi
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I joined a company around 11 months back, and as per my contract, I was supposed to get a retention bonus of INR 50,000 after one year. I have completed 11 months now, and now, due to restructuring within the company, there have been changes.
Reference: https://www.citehr.com/recent.php#ixzz3CFljdJb1
From India, Meerut
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Reference: https://www.citehr.com/recent.php#ixzz3CFljdJb1
From India, Meerut
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Employment Agreement.pdf
Employment Agreement.doc
Bonus eligibility.xls