Clearly the retention bonus
is not working, but they pay it anyway," said Lance Lowery, a spokesman for the Texas correctional employees union, which would rather see base wages increase to lock in bigger future pay raises and benefits.
Therefore, employers are well advised to consult with experienced employment counsel to formulate bonus
language that will insulate it from litigation.
Zurich's survey also found the majority of company bonuses
(81 per cent) equated to one month's salary or less; while a lucky seven per cent received a bonus
worth three times or more their monthly salary.
Other factors may cause the fact of the liability to be established, and the amount of the liability to be reasonably determinable, in 2013, even if the employee is required to be employed on the bonus
payment date to receive the bonus
A decision to operate the bonus
scheme each year is discretionary;
The IRS indicates that any change in an employer's treatment of bonuses
to conform with this new guidance is a change in method of accounting and must be handled in accordance with applicable procedures; however, the ruling provides employers with an opportunity to modify their bonus
plans without removing the employment requirement to obtain a current deduction for accrued bonuses
paid within 2 1/2 months of the tax year-end.
6 per share of after-tax net profit on average and the year-end bonus
is estimated at 5.
The devolved government in Northern Ireland has already moved to block bonus
payments to its senior civil servants in the current financial year.
Apr 22, 2009 American Airlines AAdvantage Award: 1,000 bonus
miles Expires: 11/30/2009 Restrictions: Sign up for the AAdvantage Dining program and dine within your first 30 days of membership (minimum spend of $25) and earn 1,000 bonus
Often, the executive uses the bonus
to purchase a life insurance policy which provides death benefit protection and tax-deferred accumulation of cash value.
Usually, the brokers don't find out about their bonus
until January, but this year they have been shopping around and buying since late November.