Houma, LA asked in Employment Law and Energy, Oil and Gas for Louisiana

Q: If I sign a employment agreement in which I'm to receive 30% of my annual salary as a bonus each year plus an addition %

if the company prospers. Can the company not pay me my bonus because they had to file for reconstruction of the company in court.

1 Lawyer Answer
Charles Joseph Stiegler
Charles Joseph Stiegler
  • New Orleans, LA
  • Licensed in Louisiana

A: Thanks for the question. It's not clear what you mean by "reconstruction in court," but if you are referring to a bankruptcy restructuring, the answer is that companies undergoing bankruptcy may have the right to rescind or reject contracts that were entered into before the bankruptcy. This is a highly fact-specific question, and cannot be answered without more precise details regarding the contract and the company's legal status.


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