Any UK jurisdiction, England, Wales
Any UK jurisdiction, England
This note looks at the various types of bonus scheme and considers the limits on an employer's discretion in relation to bonuses, the impact of implied terms on the payment of bonuses and what happens to bonuses on termination of employment. It considers discrimination issues, including the effect of maternity leave on bonus entitlement. It also examines the regulation of bonuses both for directors and those in the financial services sector.