South Carolina Employee Agreement Incentive Compensation and Stock Bonus
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How to fill out Employee Agreement Incentive Compensation And Stock Bonus?
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FAQ
In workplace settings, a bonus is a type of additional compensation an employer gives to an employee that complements their base pay or salary. A company may use bonuses to reward achievements, to show gratitude to employees who meet longevity milestones, or to entice not-yet employees to join a company's ranks.
"Full-time employee" - As a general rule, it shall be presumed that an employee who works at least 35 or more hours per week is a full-time employee. However, if the facts show that a lesser number of hours is standard or customary for a particular job or industry, then a lesser number may be allowed.
South Carolina wage law does not explicitly address bonuses. Generally, discretionary bonuses are not considered wages, while nondiscretionary bonuses paid under an agreement are considered wages and protected under wage law. Employers should follow any written policy they have about paying bonuses as a best practice.
SECTION 41-10-30. Notification to employees of wages and hours agreed upon; recordkeeping requirements; requirement of itemized statement of gross pay and deductions for each pay period.
SECTION 41-1-65. Employers granted immunity from liability for disclosure of information.
During non-school sessions (i.e., summer vacations), minors ages 14 and 15 may work up to eight hours per day, 40 hours per week. Work schedules for non-school sessions must fall between the hours of 7 a.m. and 9 p.m.
§ 41-35-120(2)(b). ?Substandard performance due to inefficiency, inability, or incapacity,? is "a claimant's failure to perform to the satisfaction of the employer where such failure was beyond the claimant's control, had no harmful intent or was a good faith error in judgment or discretion." S.C. Code Ann. Regs.