GC at a mid sized private company. Legal department has been relatively small with only a few attorneys and legal assistants so bonuses have been discretionary and decided by the president without any real defined stucture. We are quickly expanding into a number of states as a result of a recent acquisition and will be hiring attorneys in each state. I am charged with developing a more formal bonus plan. Interested in examples of bonus structures. Vesting, tiers, percent of salary. Etc.

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Posting as :
works at
You are currently posting as works at

I can’t help much with bonus structures or vesting plans, but I’m very curious about positions you may have available in Pittsburgh, PA. Sorry if this is inappropriate. I know that’s not what your post is about!

I will tell you that my bonus plan is not my favorite. 10% of my annual salary can be earned as a bonus (so a total of 110% possible per year), chopped up into 5 separate 20% increments. Each quarter, a 20% increment can be earned, based on the company’s accomplishment of EBITDA to target. There’s a sliding scale involved, certain acquisition levels mean I get more or less of that 20% for that quarter. The remaining 20% is based on the same calculation as an annual attainment of EBITDA to target. I don’t feel as though I have sufficient control to reach the bonus target, and I depend on other departments to have their shit together. It was also sold to me as real money I could count on each quarter, though with COVID payouts have been put on hold. It’s still being calculated and will be paid out in 2021 (purportedly), but I have to be an employee at the time of the payout to receive it (per plan documents). Meaning, if I leave for any reason, I leave money on the table that I’ve already earned.

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