I
ipstudent
Guest
What is the name of your state? California
Hypothetical situation:
I have a member-based company in Southern California that's going out of business fast as debts pile skyhigh. Last year I promised a bonus the first quarter of 2004 of $50/member. Now the Company doesn't even have enough to pay $50/member.
Am I required to deliver on the bonus? What else can I do? There's no formal written contract of agreement.
Can I postpone the bonus to next year?
Hypothetical situation:
I have a member-based company in Southern California that's going out of business fast as debts pile skyhigh. Last year I promised a bonus the first quarter of 2004 of $50/member. Now the Company doesn't even have enough to pay $50/member.
Am I required to deliver on the bonus? What else can I do? There's no formal written contract of agreement.
Can I postpone the bonus to next year?