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Contractual bonus

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11 November 2013 Dear sirs anybody explain contractual bonus with example

11 November 2013 Bonuses that are payable in accordance with the terms of contract of service or a bonus plan adopted by employer, which cannot be rescinded by the employer without legal consequences ...that means its legally binding,
Example - Bonus which is paid under some preferred bonus plan and it also includes the 13th month payment (annual wage supplement)



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