You are appointed as the new sales manager of a business that develops software products. Most employees in the sales team have for each of the last four years received an annual bonus of between 35 and 40 percent of basic salary. Their contracts say only that they "may receive a discretionary annual bonus based on individual/company performance." This year, you are told by senior management that costs must be reduced. You inform the employees that any bonus for this year is unlikely to be more than 10 percent of basic salary. Some of the employees threaten to file legal proceedings.
The Bryan Cave European Employment Team will present a 45-minute webinar Feb. 23 with insight on the legal and practical issues which arise should such a situation present itself in France, Germany, Italy or the UK.
The webinar will include consideration of when employees may establish a legal right to receive a bonus (either at all, or in a certain amount); the legal limits on how employers may exercise their discretion; and an employee’s rights if he or she leaves during a bonus year. Useful strategies will be outlined to help employers minimize their risks.
Speakers will include London Partner Gary Freer, head of the Bryan Cave UK Employment Team; Paris Counsel François Alambret; Hamburg Associate Martin Lüderitz; and Associate Federica Dendena, with SILS (a Bryan Cave affiliated firm in Milan).
Click here to register for this event.