Legal Question in Employment Law in Virginia
salary reduction
Is an employer allowed to reduce your salary if there is a contract to pay a certain amount if the company is not doing well financially?
Asked on 11/30/08, 12:46 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: salary reduction
If the contract contains a provision which allows for such a salary reduction under the circumstances described, then, yes.
Answered on 11/30/08, 11:41 pm