Bonus and paid leave encashment in case of termination
3 years ago
My company sent me a termination notice 20 days before completion of 1 year. My CTC had a 10% retention bonus which was to be paid out if I completed a year in the organization. Now the company is refusing to pay me the retention bonus and paid leave encashment, since I am serving the notice period. Is it legal? And what are my options?
Date of joining: 16th Mar 2020
Date of termination notice: 23rd Feb, 2021
Last working day: 9th April, 2021
Ayantika Mondal @ Prime Legal
Responded 3 years ago
A.Hi,
If they have violated the terms of your employment contract, you can claim damages in civil Court for breach pf contract.
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If they have violated the terms of your employment contract, you can claim damages in civil Court for breach pf contract.
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A.Hi,
Serve them with legal notice of them same. You can then file a suit in civil Court claiming damages for breach of contract.
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Serve them with legal notice of them same. You can then file a suit in civil Court claiming damages for breach of contract.
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Mradul Bhatnagar
Responded 3 years ago
A.As per the information provided by you, the company has mentioned the details of bonus/exgratia in your CTC which was supposed to pay after completion of one year. If it is a part of your ctc they have to pay the amount on a pro-rata basis.
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