If your plan year coincides with the calendar year, the time to review your commission / bonus compensation plans is NOW.
We’re getting down to the wire. Friendly reminder that if you hope to make changes to 2018 commission / bonus compensation plans, act fast!
Recall that in most jurisdictions OUS, changes to terms and conditions of employment cannot be made unilaterally and require consent. For this reason, best practice is to keep commission plan details separate and apart from employment agreements. Because once the details are in, the practical effect is that you can’t just change the plan without employee consent.
For more on commission and comp plans, contact your Baker McKenzie lawyer.