News & Analysis as of

Bonuses Employee Benefits

Ogletree, Deakins, Nash, Smoak & Stewart,...

Louisiana Amends LWPA to Address Commissions, Incentive Payment Plans, and Bonuses to Give Greater Flexibility to Employers

Governor Jeff Landry recently signed into law Act No. 556, which updates the Louisiana Wage Payment Act (LWPA) to address commissions and plans for incentive payments and bonuses. The new law becomes effective on August 1,...more

Littler

Ontario, Canada Court Awards Retired VP $1.8 Million in Damages for Unpaid Vacation, Deferred Bonus and Unvested Stock Options

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In Boyer v. Callidus, 2024 ONSC 20, the Ontario Superior Court of Justice found that an employee was entitled to $1.8 million in damages for unpaid vacation, bonuses, and stock options, because the terms of the relevant...more

Stikeman Elliott LLP

Ontario Superior Court of Justice Awards Retired VP $1.8m in Damages for Incentive Compensation and Vacation Pay

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The Ontario Superior Court of Justice’s decision in Boyer v. Callidus, 2024 ONSC 20 (“Callidus”) serves as a helpful reminder to employers of the importance of carefully drafting, documenting, and communicating contractual...more

Ius Laboris

UK ends cap on bankers’ bonuses

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It’s official. The UK’s cap on bankers’ bonuses has been lifted. There are some opportunities for firms here, but it shouldn’t mean a return of excessive risk taking....more

Ius Laboris

Eco-KPIs and eco-benefits

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ESG KPIs may be an opportunity for employers to boost their competitive advantage vis-à-vis both customers and employees. While ESG-based bonus plans and benefits packages are now commonly used in several industries, many...more

Ius Laboris

Tax incentives for ESG

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Experts from seven countries outline some of the tax incentives that aim to encourage the more widespread pursuit of environmental, social and governance-related goals....more

ArentFox Schiff

Illinois Law Changes Impact Job Postings, Obligations to Temporary Workers

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Illinois Governor J.B. Pritzker has signed amendments to the Illinois Equal Pay Act (IEPA) that will require most Illinois employers to provide pay scales and benefits in job postings, and amendments to the Illinois Day and...more

Manatt, Phelps & Phillips, LLP

409A Issues in Executive Compensation Contracts and Employment Agreements

Section 409A of the Internal Revenue Code of 1986, as amended (409A), was enacted into law in 2004 to impose statutory requirements on “nonqualified deferred compensation plans, programs or arrangements” (collectively...more

Fisher Phillips

Top 10 Ways Employers Can Avoid Regular Rate Wage Mistakes On Their 2023 Resolutions Lists

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When the US Department of Labor’s Wage and Hour Division published a Final Rule on the regular rate in late 2019, it gave employers the freedom to more easily offer perks and benefits to their employees without running afoul...more

Verrill

When Cash is not King: Holiday Gifts as “De Minimis” Fringe Benefits

Verrill on

To celebrate the holiday season, this post highlights the tax consequences of employer-sponsored holiday perks such as gift cards, turkeys, hams and gift baskets. Under the current tax rules, employers may give infrequent low...more

Perkins Coie

Washington State Releases Guidance on New Job Posting Requirements

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In April 2022, we wrote about the upcoming amendments to Washington's Equal Pay and Opportunity Act (EPOA). The EPOA amendments require most employers who engage in business in Washington state to include pay ranges and...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

German Employment Law Fall 2022 Update: Bonuses, COVID-19, and Annual Leave Entitlements

​​​​​​​This fall and winter season, employers in Germany have several developments in German employment law to put on their radars, including optional bonus pay due to the spike in energy costs; workplace safety and health...more

Parker Poe Adams & Bernstein LLP

2023 Bonus Plans Should Set Forth Specific Qualification Terms

​​​​​​​With the fourth quarter rapidly approaching, many companies are thinking about incentive compensation plans for 2023. We frequently become involved in disputes between employers and employees over the terms of such...more

Amundsen Davis LLC

[Live Stream Event] Hiring, Onboarding and Retention: Diversity, Compensation, Benefits and More - September 21st, 12:00 pm - 5:00...

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Join us on Wednesday, September 21 at noon for a live-stream of our Eighth Annual Labor & Employment Fall Seminar as we discuss hiring, onboarding and retention. Our attorneys will discuss everything from the initial...more

ArentFox Schiff

The Four Things that Employers Need to Know About Retaining Talent

ArentFox Schiff on

If yours is one of the many companies considering new employment incentives, enhanced benefits, and retention bonuses, you should also consider taking another look at your non-compete covenants at the same time. They might...more

McDermott Will & Emery

Weihnachtsgeld trotz Kurzarbeit?

McDermott Will & Emery on

Auswirkungen krisenbedingter Ausfallzeiten auf jährliche Sonderzahlungen Ende November 2021 hat das BAG entschieden, dass sich bei Kurarbeit „Null“ der Urlaubsanspruch zeitanteilig verringert (9 AZR 234/21). Der...more

Fisher Phillips

A Not-So-Merry Christmas in Your Future? Nevada Legislature Limits the Contents of Public-Sector Employment Contracts

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Beginning on December 1, 2022, Nevada public employers will have new limitations placed on certain common elements contained in employment contracts. Governor Sisolak recently signed Assembly Bill 385 into law, prohibiting a...more

Foley & Lardner LLP

Form and Substance: Why the Form of a Transaction is so Critical to Employee Benefits and Executive Compensation Strategy

Foley & Lardner LLP on

The form of a corporate transaction sets the stage for the employee benefits and executive compensation (EBEC) strategy – in the scope of due diligence and purchase agreement negotiations and post-closing activity. The charts...more

Robinson+Cole ERISA Claim Defense Blog

When is a Severance Plan NOT an ERISA Plan

Though there are many legal complexities that can arise in a typical ERISA lawsuit, one thing that is typically not in dispute is whether there is an ERISA Plan at issue....more

Littler

COVID-19 Labor & Employment Litigation Tracker (UPDATED)

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Since March 12, there have been 1,914 lawsuits (including 152 class actions) filed against employers due to alleged labor and employment violations related to the coronavirus....more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The Rosenbaum Law Firm Review - November 2020

When people ask my wife what I do for a living, she says she doesn’t know. Half the time I think she’s joking and half the time I think she’s serious that she doesn’t know what an ERISA attorney does. The same thing goes with...more

PilieroMazza PLLC

Revisiting Executive Compensation and Employee Incentive Plans

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COVID-19 has left many companies to balance competing responsibilities. While the primary focus is on taking care of employees and ensuring business continuity, new challenges are arising in appropriately managing executive...more

Fisher Phillips

Employers Take Notice: An Employee’s Entitlement to Benefits Doesn’t Necessarily End at Resignation

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The Supreme Court of Canada recently awarded damages to a senior level executive in an amount equal to the bonus he would have earned had he continued working through to the end of his common law reasonable notice period. ...more

Dechert LLP

More Detail Announced on the Job Retention Bonus

Dechert LLP on

Further detail has now been published about the Job Retention Bonus which employers who retain furloughed employees until the end of January 2021 will be eligible to claim. Introduction - Following the Government’s...more

PilieroMazza PLLC

[Webinar] Revisiting Executive Compensation and Employee Incentive Plans - October 20th, 2:00 pm - 3:00 pm ET

PilieroMazza PLLC on

COVID-19 has left many companies to balance competing responsibilities. While the primary focus is on taking care of employees and ensuring business continuity, new challenges are arising in appropriately managing executive...more

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