Bonus Payments: Setting limits

Helen Marriott highlights the challenges of dealing with bonus payments when assessing periodical payments ‘The periodical payments award may be partitioned, with needs being met from the base salary, and additional discretionary items being met from the bonus on a capped percentage basis.’Bankers’ bonuses frequently dominate the headlines and occupy the political platform. Bonuses may …
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Financial Provision: Fair shares

In the conclusion to a two-part analysis Huw Miles looks at the courts’ approach to compensation ‘The court must take care not to create a set of rigid stepping stones or apply a formulaic approach that is not set out in the statute.’ Part one: ‘Love, honour and compensate’ In this article we will consider …
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