Does L.E.K. have a cutoff for when new hires join to be eligible for prorated performance bonus / profit share?

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No. It’s purely pro-rated based on when you start in the cycle.

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What's wrong with you SP? OP is just trying get clarification.

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Anyone employed on December 31 is eligible for profit share of up to 20% based on the base+bonus pay actually earned in the previous year

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Performance bonus and profit share are in different cycles (unless you are M+).

Profit share is 1/1 - 12/31, and any % of the year that you are there, you will get that profit share. E.g., if you start in July 1, you will realize 50% of full potential profit share.

Performance bonus reads out 2x a year, 3/30 and 9/30. You need to be employed as of those dates to get the performance bonus, and pro-rated bonus is based on % of time during that 6 month cycle that you worked (e.g., if you start on 1/1, you’ll be able to realize 50% of your 6 month performance bonus amount on 3/30).

Hope that clarifies things!

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