Cancellation Consequences?

AIG's recent decision to cancel 160 meetings and conferences, including recognition events, begs the question: What are a company's legal obligations to the qualifiers of a canceled incentive trip?

Not much, say the meetings industry attorneys we talked to. “In my opinion, an incentive trip is not ‘compensation earned’ in the same way that salary is,” says Jim Goldberg, Goldberg & Associates, Washington, D.C. “Rather [it] is a discretionary corporate award, which can be changed or

Register to view the full article

Register for MeetingsNet.com and gain access to premium content including the CMI 25 Listing, our monthly digital edition, the MeetingsNet app, live and on-demand webinars, and much more.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish