Practice question
Which statement correctly describes management's grant of a bonus?
- Every bonus is always demandable regardless of any legal basis.
- A genuinely discretionary gratuity differs from a bonus made a binding part of compensation or an agreement.
- Every bonus can always be withdrawn despite a binding agreement.
- A benefit's name alone decides every legal issue.
- Only shareholders can ever receive a bonus.
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/21642 — Eastern Telecommunications Philippines, Inc. v. Eastern Telecoms Employees Union, GR 185665, February 8, 2012, main decision.
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