Your Authoritative Source on Singapore Law

Bonuses (and Other Payments) in Employment

Ravi Chandran

(2012) 24 SAcLJ 338

The issue of bonuses paid to some, such as bankers and chief executive officers, has attracted much attention in recent times. The aim of this paper is to examine the details relating to bonuses, both guaranteed and discretionary. Some drafting perspectives with respect to bonuses are also considered with the view of the employer in mind. However, while the main focus of the paper is on bonuses, many issues which are discussed may be equally applicable to other payments such as commissions and severance benefits.