[IASHRM] Bonus Payouts (On behalf of Jill Criss)

[Sharon Beck]

Ours states that you have to be employed and in an active status at the time the payment is made.  Anyone on an approved leave at the time of payment would receive the payment once they returned to active status.
   
  Sharon Beck
  HR Manager
  Family Dollar Services, Inc.
  302 Family Dollar Parkway
  Maquoketa, IA 52060
  ph. 563-652-7371

Larry Herzog <lherzog at sdcdc.com> wrote:
  DISCLAIMER and NOTICE: Iowa SHRM accepts no responsibility for the accuracy of postings to the ListServe. Any posting that contains legal information should not be relied upon, regardless of the person or entity submitting the posting. Legal information or opinion should be sought from qualified legal counsel. Also, communications to the ListServe may be subject to discovery in a legal action.
_______________________________

              Good Morning,
   
  I'm doing an informal survey to see how your policy is written on bonus payouts.  While our bonuses are based on successful completion of goals completed January through December every year, our payout is not until March of the following year.  Our policy states that you have to be employed on the date of PAYOUT to receive the bonus.  Do others' do it similarly?  Or, does your policy state only that you have to be employed on December 31st (or whatever the date is that the goal is achieved)?
   
  Thank you,
   
  Jill Criss, SPHR
   
  Director, Human Resources
   
  National Pork Board
   
  1776 NW 114th St.
   
  Clive, IA 50325
   
  ph: 515.223.2636
   
  fx: 515-309-5710
   
   
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