When assessing what type of termination package to offer an
employee or what the employer's liability for damages is,
non-salary compensation can become an issue. Typically, this
compensation may include stock options, stock grants and bonuses.
If not resolved at termination (or shortly thereafter) a
determination of "qualification" or "what it's
worth" can contribute to prolonged and protracted issues
between parties. You can guess what that means. This article
discusses what you need to know to provide a fair and reasonable
termination package when it comes to non-salary compensation.
Bonuses
Upon termination, employees will be entitled to compensation for
bonuses they would have earned during the reasonable notice period
if there is a bonus structure worked into the employee's
contract and/or if the bonus can be said to be an integral part of
the employee's remuneration package. Even if it is not
expressly agreed between the employee and the employer that a