If I give notice before the bonus hits my bank account, do I lose it?

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Anonymous User
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If I give notice before the bonus hits my bank account, do I lose it?

Postby Anonymous User » Mon Oct 23, 2017 1:53 pm

Current big law associate planning to lateral on January 2. Going to state gov job with a non-negotiable start date (orientation includes other newbies).

Firm historically pays year end bonus on 12/31. If bonus is announced on 12/1, then I give notice on something like 12/15 (and my official last day is 1/1), does anybody know if I still get my bonus on 12/31?

I realize this will vary widely for firms but I'm wondering if anybody has any real anecdotal data points that they can share.

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rpupkin
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Re: If I give notice before the bonus hits my bank account, do I lose it?

Postby rpupkin » Mon Oct 23, 2017 1:56 pm

Anonymous User wrote:Current big law associate planning to lateral on January 2. Going to state gov job with a non-negotiable start date (orientation includes other newbies).

Firm historically pays year end bonus on 12/31. If bonus is announced on 12/1, then I give notice on something like 12/15 (and my official last day is 1/1), does anybody know if I still get my bonus on 12/31?

Probably. The firm would have to go out of its way not to pay you the bonus in the circumstances you describe. But don't count on getting it--there's a chance they'll pull it when they find out you're leaving (or that, for accounting/budget reasons, they decide to pay bonuses in January instead of December).

Anonymous User
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Re: If I give notice before the bonus hits my bank account, do I lose it?

Postby Anonymous User » Mon Oct 23, 2017 2:01 pm

rpupkin wrote:
Anonymous User wrote:Current big law associate planning to lateral on January 2. Going to state gov job with a non-negotiable start date (orientation includes other newbies).

Firm historically pays year end bonus on 12/31. If bonus is announced on 12/1, then I give notice on something like 12/15 (and my official last day is 1/1), does anybody know if I still get my bonus on 12/31?

Probably. The firm would have to go out of its way not to pay you the bonus in the circumstances you describe. But don't count on getting it--there's a chance they'll pull it when they find out you're leaving (or that, for accounting/budget reasons, they decide to pay bonuses in January instead of December).


Got it; thanks. This answered my questions really well.

Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

Re: If I give notice before the bonus hits my bank account, do I lose it?

Postby Anonymous User » Thu Oct 26, 2017 9:52 am

Not OP but also interested in this, if anybody else has any info. Thanks if so.

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Nebby
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Re: If I give notice before the bonus hits my bank account, do I lose it?

Postby Nebby » Thu Oct 26, 2017 9:53 am

Anonymous User wrote:Not OP but also interested in this, if anybody else has any info. Thanks if so.

Assume they will




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