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TITLE 56: LABOR AND EMPLOYMENT
CHAPTER I: DEPARTMENT OF LABOR SUBCHAPTER b: REGULATION OF WORKING CONDITIONS PART 300 PAYMENT AND COLLECTION OF WAGES OR FINAL COMPENSATION SECTION 300.500 EARNED BONUSES
Section 300.500 Earned Bonuses
a) A claim for an earned bonus arises when an employee performs the requirements for a bonus set forth in a contract or an agreement between the parties.
b) A former employee shall be entitled to a proportionate share of a bonus earned by length of service, regardless of any provision in the contract or agreement conditioning payment of the bonus upon employment on a particular date, when the employment relationship was terminated by mutual consent of the parties or by an act of the employer through no fault of the former employee.
(Source: Added at 16 Ill. Reg. 13828, effective September 1, 1992) |