Assuming the company will pay a bonus in general and you were laid off (not for reasons of performance or misconduct), and you receive severance pay, will you receive a prorated bonus?
The separation guide is clear on that but the document you sign sort of contradicts it?
10 replies (most recent on top)
now that we zoom past the earnings, any whispers around the yearly bonus :)
There won't be bonuses for anyone...sorry to say. I also don't expect lti to be fully funded either. The debt expense and competition are choking this company to death.
If there is any bonus, yes you will be eligible. I was let go last year and received mine at a prorated amount.
Key word if the company meets bonus threshold.
Believe you must be employed when the bonus is paid, in March. If you leave before then you get nothing. That is why people quit to go someplace better in April.
Are you getting through dec?
All the down votes on bonus situation...are people so oblivious that they really think after all the turmoil and constant downward earnings revisions that there will be a decent bonus? This company is barely able to fund capital projects and is losing business...trust me expect nothing and you don't be disappointed
This is what someone wrote in a previous posting
Don't expect a 2024 MIP bonus. CVS 2024 adjusted operating income goal is $17.24B. 2024 adjusted operating income must be 85% of the goal for the MIP to be funded which is $14.654B. Through the 2024 second quarter adjusted operating income is $6.701B and doubling that amount for the rest of 2024 will be approximately $13.402B. That is $1.252B short for MIP to be funded. If adjusted operating income would hit 85% of the 2024 goal, MIP funding would be 25% of your bonus target rate.
You are bonus eligible...if the bonus pool is funded at all, job eliminated folks will be the last to the dinner bowl. I would not expect much of anything and consider any bonus payout as gravy
People that are still employed probably won’t get a bonus.
Short answer- yes, but prorated