Many employers operate contractual or discretionary bonus schemes to incentivise their employees.
A major legal issue for employers is to decide whether bonuses under the scheme are intended to be contractual or discretionary, and ensure that this is clearly reflected in the relevant employees’ contracts of employment.
JP Morgan Europe Ltd v ChweidanFACTSMr Chweidan worked for JP Morgan as an executive director in Structured Credit and Sales....
Pay rises have staged a minor comeback in the media sector, with bonuses and commission payments returning as the recession...
Business secretary Vince Cable has criticised the bonus culture at large banks, claiming that extra cash should be reaching small...
Nationwide Building Society v Benn and othersFACTSMr Benn and 17 colleagues were employed by the Portman Building Society (PBS) until...
Employers’ groups and unions have cautiously welcomed a review of an NHS scheme that could see the bonuses of top...
Love them or hate them, bonuses have been in the news recently and mostly for all the wrong reasons. The...
The European Parliament is leading the legislative reform of bankers’ bonuses. Last month, MEPs approved some of the strictest rules...
FTSE 100 bosses have seen their pay rise by 5% to an average salary of £3.1m despite the recession, new...
Transport for London (TfL) bosses have given up their bonuses, and frozen their salaries for a second successive year.
The...
BBC Worldwide will pay its senior managers a bonus this year, ignoring a ban on executives’ bonuses and calls for...
For the second year in a row, British Airways’ (BA) chief executive Willie Walsh has turned down his annual bonus...
Sainsbury’s chief executive was paid almost £8m last year.Justin King received a 60% increase in his previous year’s pay packet,...
Royal Mail’s former chief executive was paid £2.43m last year as the postal service suffered crippling national strikes.
Adam Crozier’s...
Tesco staff with more than one year’s service will receive a slice of a record £105m bonus pot after the...
BT has enraged unions by paying its chief executive a bonus worth more than £1m.The payment to Ian Livingston comes...
