Fiscal Year End Bonus Eligibility Quiz
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Questions and Answers

What is the eligibility criteria for receiving a bonus if you were hired full-time between April 1, 2022, and December 31, 2022?

  • No bonus - not eligible as hired in last quarter of FY23
  • Bonus calculated based on full fiscal year eligible gross earnings
  • Bonus calculated based on prorated gross earnings for the fiscal year (correct)
  • Bonus calculated based on the number of months worked during the fiscal year

    • What happens if an employee resigns before the May 31st payout date?

  • Bonus payout will be prorated based on the number of months worked during the fiscal year
  • Employee will receive the full bonus amount regardless of their resignation date
  • Employee will receive a bonus based on their performance rating
  • No bonus - not eligible as must be active employee at the time of payout (correct)

    • What happens if an employee's bonus target % changes throughout the year?

  • Employee will receive a bonus based on their performance rating
  • Bonus is pro-rated accordingly (correct)
  • Bonus payout will be prorated based on the number of months worked during the fiscal year
  • No bonus - not eligible as hired in last quarter of FY23

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