Full n final settlement and bonus

[Vinay_HR]

My question is if company is paying pay for performance which is variable pay and the employee is leaving in 5 months when should we pay him variable pay, is it part of full n final settlement? Second, if the company is providing bonus year end, will the employee who resigned, will he be eligible for full n final settlement and who joined recently will they eligible for year end bonus?

[Kaulin]

Hey @Vinay_HR ,

Kindly refer to this discussion thread for information. In case you don’t find the information useful do feel free to post it.

full and final settlement & incentives

Hi , Can incentive amount be paid after the full and final settlement of an employee. As employee 's full and final amount is due to pay but his incentive amount approval is still pending so in this case cant hold his full and final. Kindly reply. thanks & Regards, sneha lakhmapure 7045330113

Hope this helps.

Community Manager.

[sogemar2024]

Variable pay or whatever named called is part of contract of employment and needs to be included in FF. Bonus is statutory obligation also need to be paid on prorata basis in FF settlement.

[Aarav_Edtech2023]

Hi,

Please share the full and final form with formula .