Court of Appeal analyses proper interpretation of discretionary bonus clauses

• Author:
• Simon Jeffreys

In Horkulak -v- Cantor Fitzgerald International the Court of Appeal has now given a detailed analysis of the interpretation of 'discretionary' bonus clauses in employment contracts.

Mr Horkulak’s employment contract provided for him to be paid a 'discretionary' bonus, the amount of which was performance-related and was to be mutually agreed between him and Cantor (albeit that the final decision in this regard rested with his employer). The damages the High Court awarded were largely made u... (246 more words)

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