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If I give notice before the bonus hits my bank account, do I lose it?
Posted: Mon Oct 23, 2017 1:53 pm
by Anonymous User
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.
Re: If I give notice before the bonus hits my bank account, do I lose it?
Posted: Mon Oct 23, 2017 1:56 pm
by rpupkin
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).
Re: If I give notice before the bonus hits my bank account, do I lose it?
Posted: Mon Oct 23, 2017 2:01 pm
by Anonymous User
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.
Re: If I give notice before the bonus hits my bank account, do I lose it?
Posted: Thu Oct 26, 2017 9:52 am
by Anonymous User
Not OP but also interested in this, if anybody else has any info. Thanks if so.
Re: If I give notice before the bonus hits my bank account, do I lose it?
Posted: Thu Oct 26, 2017 9:53 am
by Nebby
Anonymous User wrote:Not OP but also interested in this, if anybody else has any info. Thanks if so.
Assume they will