Stock options, incentive bonuses and other attractive compensation deals are the hottest thing for employers who want to stimulate employees to take a personal interest in their company’s success.
But for Guilford health insurance broker Edward F. Meaney III, discussions about bonus pay have been a rollercoaster of disappointment. In an Aug. 31 Supreme Court ruling, he found he couldn’t keep his big jury award. His bonus talks never resulted in an agreement to pay anything, or defined bonus-worthy performance above and beyond his contract, so he had no legal basis for his unjust enrichment claim.
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