Redundancy before Retention Bonus Paid 23 June 2020 at 2:20PM in Redundancy & redundancy planning 2 replies 159 views

billlybob

Hello, I work for a company that was taken over a year and a half back and as part of the take over we were to be paid two retention bonus payments.

The first (Small) was paid at the stated one year mark and the other (large) is due to be paid in October. Now the company is making a large pool of redundancies as of August, but legally where do we stand with regards to this payment?

If they weren’t to pay it would there be grounds for a court case for dangling a corporate carrot?

I can’t seem to find an answer online so hoping for some help/advice.

Thanks!

lincroft1710

As they may not be retaining you, it could be argued you are not due a retention bonus.

Wherever there is a mention of bonus or commission, always thoroughly check any terms, conditions or general paperwork applicable.

sharpe106

what was the criteria for the retention bonus, basically when did you need to work there to get it?