Bonuses

Bonus arrangements can form a crucial part of many senior executives’ and city professionals’ remuneration arrangements and can be a significant issue n requiring advice or negotiation whether prior to, during or on termination of an individual’s employment.

We advise employers and individual clients on:

  • The structuring of bonus schemes and related conditions and performance criteria.
  • The distinction between non-contractual and contractual bonus schemes and how to ensure that our client’s intentions and expectations will be implemented in practice.
  • Drafting and negotiation of bonus provisions in employment contracts or in bonus schemes or individual bonus agreements.
  • Repayable bonuses/clawbacks.
  • Bonus disputes and related litigation.
  • Bonus-related discrimination, and related issues regarding pregnancy, maternity, fixed term and part-time employees.
  • The treatment of employee bonuses on termination of employment.
  • The implications of any bonus arrangements on employee severance negotiations.

We also have specific expertise on the regulation of executive bonuses, and frequently advise both employers and individual clients in the financial services industry on the requirements of the FCA/PRA remuneration code.