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good day!
As practice in our company, we have this bonus called "Management Incentive" every end of the year, It is equivalent to 1% of the Net income for the year and to be distributed to officers and employees. My questions are:
1. Is there any ruling/law particularly in profit-sharing of companies?
2.Are the Board of Trustees entitled to this benefit since it is called "Management Incentive"?
Thank you and looking forward for reply. God bless!
As practice in our company, we have this bonus called "Management Incentive" every end of the year, It is equivalent to 1% of the Net income for the year and to be distributed to officers and employees. My questions are:
1. Is there any ruling/law particularly in profit-sharing of companies?
2.Are the Board of Trustees entitled to this benefit since it is called "Management Incentive"?
Thank you and looking forward for reply. God bless!
