In many situations, your salary and pieces of your salary or components of your salary are not just base salary. A lot of times there could be a percentage that’s paid on a commision-basis for attaining a certain sales revenue or achieving a certain goal or performance plan. There are also situations where companies provide bonuses. These payments are made usually at typical periodic time during a company’s fiscal years. You have to be careful in terms of your separation from employment as to the timing of that.
As Rockland County Employment Lawyers, we often see cases where employees will leave a month shy of a bonus being paid out with the expectation that maybe they’ll get a pro-rated portion. For example, if they were with the company for 11 months and the bonus will be paid out a month later, they think they’re entitled to 11/12ths of that bonus. Or let’s say it’s on a commission basis and you believe you’re entitled to say one and two quarters of that commission when you in fact worked and earned those commissions during those particular quarters but you’re not actually employed there at the time that the company pays out the commissions to its staff.A lot of litigation erupts in these situations because there could be substantial monetary interests here, both on the company’s end in terms of saving money and on the employee’s end in terms of losing something that they actually relied upon and worked for for a number of months or years. Your best bet is to consult with an experienced Rockland County Employment Lawyer who can help you work through strategically when it is the best time for you to go and to certainly guarantee as an employee that you’d receive that income.
This informational blog post was provided by Kim Patricia Berg, one of our experienced Rockland County Employment Lawyers.