Employment Contracts and Bonuses

Posted in : Reddy Made Contracts on 13 June 2023
Siobhán Lafferty
Reddy Charlton LLP
Issues covered: Bonuses; Contracts of Employment

In the current market, employees are looking for more than just their basic salary in terms of compensation from their employers.  This could be in the form of benefits like private health care, income protection, life assurance or it may come in the form of a bonus.  While bonuses can be common and often aim to give employers the maximum amount of discretion, it is important to consider some of the common pitfalls in respect of bonuses.

Q: We offer a discretionary bonus scheme in our contract of employment.  We don’t need to pay the employee a bonus under the scheme, do we?

A: It is far more common to see a bonus scheme referred to in a contract of employment that says that

Already a subscriber?

Click here to login and access the full article.

Don't miss out, register today!

Are you fully aware of the benefits of Legal-Island's Irish Employment Law Hub? We help thousands of people like you understand how the latest changes in Irish employment law impact your business through a mix of case law analysis and in-depth articles. All delivered right to your inbox.

We help you to understand the ramifications of each important case from Ireland and Europe.

We help you ensure that your organisation's policies and procedures are fully compliant with Irish law.

You will receive regular updates on Irish employment law including case law reviews, legislative changes, topical updates as well as answers to your burning questions through our Q&A feature.

You will have 24/7 access to the Employment Law Hub so you can research case law and HR issues when you need to.

Already a subscriber, now or Register

This article is correct at 13/06/2023

The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.

Siobhán Lafferty
Reddy Charlton LLP

The main content of this article was provided by Siobhán Lafferty. Contact telephone number is +353 1 661 9500 or email slafferty@reddycharlton.ie

View all articles by Siobhán Lafferty