We advise on the type of bonus schemes relevant to your business; as well as drafting, implementing, operating and any associated issues such as the FSA / FCA Remuneration Code or long-term incentive arrangements. In the current financial climate, variable remuneration and medium-term clawbacks are playing a larger role in compensation structures. It is essential therefore, that your contractual arrangements incentivise staff but do not leave the business vulnerable.
Recent instructions include:
- Drafting schemes with deferred cash/equity splits for hedge fund and asset management clients.
- Advising on bonus entitlements for maternity leavers in different industries.
- Advising a stock broker employer on obligations under the FSA / FCA Remuneration Code and the use of good leaver / bad leaver provisions.
- Advising on equal opportunities and bonus payments.
For an overview on bonus schemes, please click here.
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