Legal Question in Employment Law in Washington
Retention Bonus vs. Sign-on Bonus
Please Advise:
I am a Certified Nuclear Medicine Technologist.
I was offered a 1 year Retention Bonus-half paid after six months, the remainder after 1 year. I received the scheduled 6 month payment. Since then the medical practice I was hired to work for has discontinued Nuclear Medicine services. I was 'let-go'. The remainder of the 'retention-bonus' is being denied based on the fact I was not empolyed with the company for the remaining 6 months. I have a co-worker who received a sign-on bonus= half of total amount paid after 6 months, remainder was to be paid after a year. His year anniversary would have been in July 2005. He is receiving his remaining amount based on the 'diction' of ''sign-on bonus'' rather than'' retention bonus''. I would have been eligible at the end of March 2005 for 1 year retention money. My co-worker started in July 2004. I have been employed since 08/28/2003.
We both are being 'let-go'.
He was paid a far greater amount of money than myself for his sign-on.
Please Help!
Thank you,
1 Answer from Attorneys
Re: Retention Bonus vs. Sign-on Bonus
How much was the lost bonus?
Please call me at 1 800 282-4878
Rob Kornfeld