Employment Contracts · glossary
A bonus the employer decides each year, with no promise of any sum. Esme’s target is £18,000, but Cressby may award more, less or nothing, as long as it decides honestly and rationally. It pays in March, only if she is still employed and nobody has given notice. Contract 9.1 · Chapter 4 · see Basic Salary
Explained in Chapter 4, Salary, Bonus and the Sign-On Payment, of Employment Contracts.
A discretionary bonus is one the employer sets each year, with no promise of any sum. It suits Cressby, because it pays more only in a year when the sales come in. Esme wants a clear target, so she knows what a good year is worth.Read Chapter 4, Salary, Bonus and the Sign-On Payment →
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