Oregon Approval of performance goals for bonus

State:
Multi-State
Control #:
US-CC-20-299
Format:
Word; 
Rich Text
Instant download

Description

This sample form, a detailed Approval of Performance Goals for Bonus document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

How to fill out Approval Of Performance Goals For Bonus?

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FAQ

Wages include, but are not limited to: Salaries, hourly pay, piece rate, or payments by the job. Commissions and bonuses. Overtime and vacation pay.

Under Labor Code 201, employers are liable to pay all wages owed (including bonuses) immediately following termination. If you quit, unpaid wages are owed either within 72 hours of your last day at work. If you give your employer 72 hours' notice, unpaid wages are owed on your last day.

Compensation includes wages, salary, bonuses, benefits, fringe benefits, and equity-based compensation. It does not include tips or reimbursements for any actual costs incurred by the employee, such as mileage, out-of-pocket expenses, or relocation reimbursements.

An employer, however, is prohibited from relying on prior salary to justify a pay difference between employees of the opposite sex, or different race or ethnicity, who are performing substantially similar work because that violates the Equal Pay Act.

The law prohibits employers from inquiring about a candidates past or current salary information BEFORE an offer, including a compensation amount, has been made. Exception: Employers may consider compensation during an internal transfer, move, or hire into a new position.

None yet?the Oregon legislature considered this bill during its 2023 session but shelved it. Salary information: Employers would be required to include pay ranges in job postings. Total compensation: They would also be required to state any benefits included in the total compensation for the role.

Even if an employee is not guaranteed under contract to receive a performance bonus, they may be instituted at the direction of the employer. Performance bonuses may be instituted regularly, such as annually, biannually, or monthly.

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Oregon Approval of performance goals for bonus