Laid off in 2018, bonus eligible?

As a manager, I received a bonus every year going back to 2011. The way I read the FAQ for displaced team members, if you were eligible for an incentive plan, they will pay you out on the same day as everyone else. Which happens to be tomorrow. I’ve received no information about this and HR was of no help other than confirming what was said in the FAQ. They actually pointed me to my prior manager, but I don’t feel comfortable starting that conversation. How hard is it for them to just tell me, I know they know whether or not I’m going to have a direct deposit tomorrow AM.

The way I’m reading it is they owe me my bonus, and if they don’t, I’ll have a case against them as it’s been part of my total compensation for years and nothing changed. The only way I shouldn’t get one is if the entire business line didn’t, which i know isn’t the case.

Anyone with any experience on this?

I was let go 8 months into 2018, and my severance ended early February. I was expecting something like 67% of the target since I worked 8 of 12 months last year. Guess I’ll be staying up til midnight to be really happy or p-ss-d off.

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Thank you for bringing it up to HR. I got my bonus too!! A nice surprise and much needed.

Glad to hear you got it without s fight

I guess I’ll have to wait for the paperwork in the mail to confirm, but the amount I received was very close to the amount I estimated it to be. I took last years figure x .67 as I only worked 8/12 months and deducted the usual tax raping on bonus money.

They don't care about giving you, or anyone else a bonus once you are off of the Payroll.

Collectively, Sr. Management has proven to be just a bunch of lowlife scumbags, that only care about driving bottom line results and keeping their jobs. And yet, they want to extend their glorious golf tournament to 2024 in Charlotte, to save face with the Banking Community. Bank will be sold, or split up.

You should get your bonus. You should be able to check your account tonight for pending deposit (my credit union always shows pending amount the day before deposit -- note: I'd never bank with WF.)

You'll very likely get less that even prorated amount, since virtually everyone I know got less that 100% of bonus due to poor co. -- and often poor team -- performance.

Got it. Based on the #, I assume it’s prorated at 67% for the 8/12 months I worked last year.

https://www.forbes.com/sites/susanadams/2012/02/27/how-to-get-your-bonus-after-youve-been-laid-off/#436a4677657e

Hmm why doesn’t Tim grow some balls and let everyone know where the next meeting is. Only cause he doesn’t want to answer the hard questions. I see a yellow streak down his back every time he walks on or off the stage.

You may be bonus eligible but you will need to review the bonus legal document. HR hasn’t shared these much but I requested a copy before I left. I’ve seen too many people get screwed over because they didn’t know what the bank is required to pay. Some managers then don’t think to pay someone after they’ve left. You can check teamwork’s at home and see if you will receive money tomorrow. If you don’t, I’d still ask your manager for a copy of the 2018 plan. Good luck.

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Laid off in 2018, bonus eligible?

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