Non payment of Performance Linked Reward by company
Paresh
(Querist) 22 April 2009
This query is : Resolved
I have resigned a company w.e.f. 09th Aug 2008. In the Full and final settlement they have not paid me Performance Linked Reward. This PLR is for the Financial Year 2007-08 which is payable as on 31st July. All my collegues in the company have got the amount in there August salary. The have also stated that it includes bonus for 2007-2008. Now the company wrote that as per management's policy resigning employees are not eligible for PLR. Please advise can I challenge this policy from legal point of consideration??
n.k.sarin
(Expert) 22 April 2009
Mr. Paresh,if there is an agreement in this regard between you and the said company then you are not eligible to get the same.If there is no agreement, company is bound to pay the same. you must see the terms and condion of your service which must be attached with your appointment letter. I think you are not bound by this type of management policy which taken away the bonus, rewards of your owen labour.In my opinion you are eligible to get PlR + bonus.You must challange this policy with full confidence.Law is in your favour.
