Bonus Withheld
2 years ago
My previous company has withheld my pending bonus amount quoting change in variable structure retroactively. I do not have a formal letter indicating my bonus amount but just an excel sheet which covers revenue milestones and corresponding bonus shared by the finance head to which I had agreed verbally. Now they are refusing to settle my dues quoting change in structure. In my resignation letter I had clearly mentioned the due amount and they had accepted my resignation. Can I get a legal recourse?
Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
Your company while accepting your resignation has acknowledged the bonus due therefore they are liable for payment. You may consider sending a legal notice first and then file a suit for recovery of money before the court of civil judge.
If you found the answer helpful then kindly rate me.
Your company while accepting your resignation has acknowledged the bonus due therefore they are liable for payment. You may consider sending a legal notice first and then file a suit for recovery of money before the court of civil judge.
If you found the answer helpful then kindly rate me.
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A.Hi,
You can send a legal notice to the company for the recovery of your due bonus. Further, you may also consider filing a civil suit for the recovery of money before the court of civil judge.
If you found my answer helpful then kindly rate me.
You can send a legal notice to the company for the recovery of your due bonus. Further, you may also consider filing a civil suit for the recovery of money before the court of civil judge.
If you found my answer helpful then kindly rate me.
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A.Send a legal notice to the company to recover the bonus and also initiate case against them if you can prove your case. You can also initiate online dispute resolution settlement process started by Vidhikarya called vidhi Samadhaan.
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Ankur Goel @ Complete Law Shield
Responded 2 years ago
A.you dont have bonus amount mentioned in offer letter ?
thats not possible.
anyhow company can not withheld until change in structure was communicated in advance to everyone.
You can send legal notice through lawyer.
more than that you will not do anything.
thats not possible.
anyhow company can not withheld until change in structure was communicated in advance to everyone.
You can send legal notice through lawyer.
more than that you will not do anything.
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