stratuspei
New member
What is the name of your state? California
My employer, a multi-national corporation with more than 5000 employees worldwide, notified me and several colleagues that we will be laid off at a future date. I have an existing agreement for receiving anniversary retention bonus that is based simply on staying with my employer. My last employment date comes after my upcoming anniversary. I was informed verbally that my anniversary bonus is voided because of the severance pay I will receive for being laid off.
Can my employer void the bonus for the reason mentioned?
The existing bonus program was not mentioned in the termination agreement, which I have not signed yet.
My employer, a multi-national corporation with more than 5000 employees worldwide, notified me and several colleagues that we will be laid off at a future date. I have an existing agreement for receiving anniversary retention bonus that is based simply on staying with my employer. My last employment date comes after my upcoming anniversary. I was informed verbally that my anniversary bonus is voided because of the severance pay I will receive for being laid off.
Can my employer void the bonus for the reason mentioned?
The existing bonus program was not mentioned in the termination agreement, which I have not signed yet.
