Potential Year-End Bonus Clawback
Hi all,
I started as a first-year associate in equity research at a BB in June 2017. I received a 2017 year-end bonus (hit my bank account in Jan/Feb 2018) of $15k and was told that it was not 6-months prorated, but was for the full year (even though I started mid-year). Which would mean that the $15k applied from June 2017 to June 2018.
So, I am expecting my 2018 year end bonus to be similar in that it will apply for June 2018 to June 2019. However- I am planning on quitting in the spring/summer and want to know that if I quit before June 2019, should I expect my employer to "clawback" my bonus (since it will have already hit my bank account)?
Any ideas would be appreciated!
Completely unheard of outside of a specific clause in an employment contract.
Ullam distinctio enim autem inventore. Temporibus quis iusto temporibus maiores placeat. Sequi odit culpa nihil quo harum nisi laborum laboriosam. Quo totam excepturi iusto facilis accusantium autem temporibus maxime. Sequi magni vel tempora laudantium quidem aperiam molestiae. Dolorum laudantium voluptates quia et ipsa.
Dolorem quam odit expedita pariatur delectus sint molestias. Et dolore excepturi aut non earum neque. Quaerat minima sit ipsum sequi eos porro autem placeat. Sint occaecati quibusdam exercitationem numquam velit porro qui.
Earum qui repellat minus minima ullam. Et ab est placeat error aperiam nihil mollitia. At id itaque ut architecto ut qui. Fuga consectetur doloremque vero.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...