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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
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Adv. Aniruddha Prabhatkumar Pawse
Adv. Aniruddha Prabhatkumar Pawse
Thane | 5+ Answers
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