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Moving the Bonus Plan Goalposts: Be Smart or Be Sued
The Wagner Law Group Link to more items from this source
June 13, 2018

"Well-drafted plans and programs include significant employer protections. But some defects can really come back to haunt employers, such as the failure to allow for the impact of a future merger or acquisition, or the omission of a maximum limit. Panera Bread tried to recover from the latter, but lost in the 8th Circuit Court of Appeals because its bonus plan did not clearly reserve a right for Panera to unilaterally modify or terminate the plan." [Boswell v. Panera Bread Co., No. 16-3230 (8th Cir. Jan. 5, 2018)]

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