Kate Sedey March 18, 2015 Blog, Employee Pay and Compensation, Employment Contracts and Agreements, Unpaid Wages, Earned Bonuses and other Compensation 0
The Vanishing Earned Bonus: Part II
Just wanted to post a quick update to our ongoing blog series addressing the ways in which employers and courts have been eating away at earned bonuses by reliance on language providing employers with absolute discretion in awarding incentive compensation.
Yesterday, in McCleary v. Wells Fargo Securities, LLC, 2015 Ill. App. (1st) 141287-U (Ill. App. 1st Dist. …
Kate Sedey February 23, 2015 Blog, Employee Pay and Compensation, Employment Contracts and Agreements, Executive Counseling, Unpaid Wages, Earned Bonuses and other Compensation 0
A number of years ago, we published a blog setting out several tools employers have used to deny employees what we believe are earned bonuses as well as some ideas about legal principles on which an employee might rely to get those bonuses back. For that complete blog post, scroll to the bottom of this page. Now more than five years later, …
Kendra Kutko June 21, 2013 Blog, Executive Counseling, Legislative Advocacy, Non-Compete Agreements and Restrictive Covenants 0
Employment Noncompete Agreement Act under Consideration in the Illinois General Assembly
Non-compete agreements are mechanisms used by employers to limit an employee’s ability to work for a competitor for a period of time after the employment relationship terminates. Employees typically sign these agreements as a condition of hire. Employers are increasingly relying on non-competes to protect any competitive advantage they may …
Kate Sedey October 5, 2011 Blog, Executive Counseling, Independent Contractors 0
Voluntary Classification Settlement Program Aims to Resolve Employee Misclassification as Independent Contractors
The IRS has recently implemented a program called the “Voluntary Classification Settlement Program” (“VCSP”). The program allows eligible employers to pay a small sum in order to obtain partial relief from federal employment taxes for previous mis-characterizations of workers as “independent contractors” when such individuals should have received classification …
Kate Sedey February 11, 2010 Blog, Employee Pay and Compensation, Employment Contracts and Agreements, Executive Compensation, Unpaid Wages, Earned Bonuses and other Compensation 6
The Vanishing Earned Bonus [Part I] – And How to Get it Back!
Every year, around this time we start to get calls from employees who have not only lost their jobs but have also been denied their year-end bonus, which so many families depend on in budgeting their lives. Employers use all kinds of tricks to withhold what employees rightly feel …