Bonus Watch ’14: Lies, Damn Lies and Semantics

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The European Union still doesn’t care what you call them. They’re all bonuses to them. Unless, of course, they fall into the narrowly-defined category of “allowances.” Good luck with that.

Allowances would have to be awarded for a defined period and include no forfeiture provisions if a person hands in their notice in order to be excluded from the bonus cap. They would also have to be assigned to specific positions rather than individuals.

EU bankers pay row flares over treatment of allowances [Reuters]

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