Tag archives: bonus payments

Stick to the Program – BC Supreme Court awards discretionary bonus to terminated employee based on “reasonable expectations”

In Thoma v. Schaefer Elevator Components Inc., 2019 BCSC 100, Mr. Thoma’s employment contract allowed his employer, Schaefer Elevator, to terminate his employment without cause on six months’ notice by providing Mr. Thoma his “contractually agreed remuneration during the six months’ notice period.”  Mr. Thoma claimed that this included payment of an annual bonus and that he was entitled to receive it.  Schaefer Elevator terminated his employment without cause on October 31, 2017.

The employment contract provided that Mr. Thoma would receive an annual bonus of “up to” $24,000 per year, based upon “agreed upon targets” and his “degree … Continue Reading

Annual bonus payments in Germany

This post was contributed by Moritz Kunz, Of counsel, Norton Rose Fulbright LLP (Frankfurt a.M.) and Thomas Olbrich, Trainee, Norton Rose Fulbright LLP (Frankfurt a.M.) 

Many companies provide their employees with annual bonus payments to that are subject to the terms and conditions of the employment contract, company bonus schemes and/or agreements with the works council. In many cases, the applicable terms and conditions require that the employment relationship continues to exist (and is not under notice of termination) at the end of the financial or calendar year. Due to a recent decision of the Federal German Labour Court, … Continue Reading