Do Canceled Incentives Have Legal Consequences?

AIG’s recent decision to cancel 160 meetings and conferences, including recognition events, begs the question: Does a company have a legal obligation to provide alternative rewards to the qualifiers of canceled incentive trips?

Not in most cases, according to 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 discretiona

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