630+ Lawyers are online 
Can we forfeit incentives if company is making loss
28-Dec-2023 (In Corporate Law)
We are IT co going through a rough patch financially resulting in delayed salaries & no payment of incentives .1 of our Sr. Sales manager frm Kerala has resigned & is claiming incentives of approx 13L for 2010-2013 which we are in no position to pay . He has been threatening to file a criminal case for this My Queries are 1.Since we are mumbai based co ; can he file a case in Kerala-his appointment letter does not mention any jurisdiction clause since he was old employee - new letters hv jurisdiction clause. 2 Is there any remedy for forfeitin incentives for company making losses
2)The answer to your second question depends on many other facts like on what basis were incentives given to sales manager? Was there any mention of incentives in appointment letter stating that incentives will be given on basis of sales or was it given as a token of appreciation. Also one has to see loop holes in terms which may allow company in forfeiting incentives of employees.
14+
Adv. Aniruddha Prabhatkumar Pawse
Thane | 100+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
