If you give notice, after 3/31, and you (by miracle) are due a bonus, do you still get it?
And, since your vacation is loaded 4/1 do you get any of that paid out?
if no bonus due and leave pre epy do you get banked vacation?
8 replies (most recent on top)
Why are you even asking, the days of bonus and pay increases are long gone.
All of this chitchat concerning your bonus payout is ridiculous, just read the bonus guidelines. If you don't have a copy, it is on the QUAD. If you are leaving voluntarily, you have to work past the fiscal year-end (March 31) and your bonus will be paid out in July.
How generous of Follett. I worked for a company that paid out bonuses about 3 months after the close of the fiscal year. If the FY ended 5/31, and bonuses were paid out 8/31, you had to still be employed 8/31 to get it. If you resigned 8/30, you forfeited the bonus.
I left volunatarily, of my on accord, in April of 2017. I still got my bonus for that year.
If you're employed as of 3/31 you will get your bonus even if it's paid out later. At least that's how it works in Illinois. You don't get your preloaded vacation.
check your state's labor laws. Simply google your state's name, labor law, bonus payment. The best source is the state's civil or labor code, however, you're likely to see many articles published by labor law firms, too.
If you leave voluntarily, I believe you will be forfeiting your bonus. You'd only get paid for unused vacation and personal hours.
You should get the bonus since you worked the time required. I was rif'd and got my bonus.