profit-related

A further consideration of up to GBP 1.5m will fall due on delivery of profit-related earn-out targets over the first 20 months from completion.

These include: | holiday pay | ||sick pay | ||bonuses | | profit-related pay | | notice payments | | pensions.

According to Nokian Tyres, it has decided to begin using a profit-related bonus scheme, which will be based on the profit made by the company.

Importantly, the majority opinion highlighted limitations on disparate impact liability to allow "practical business choices and profit-related decisions that sustain the free-enterprise system." Leeway must be given to housing providers to explain the validity of their policies.

The company, which has an annual turnover of almost pounds 20m, paid pounds 360,000 for Halifax firm LBI Installations, followed by a deferred performance-related consideration, and pounds 1.2m plus two later profit-related payments for Leicester-based Retail & Forecourt Solutions in May.

M&S paid out the maximum possible under the profit-related element of its annual bonus plan after delivering a 4.6% rise in profits to pounds 632.5m for the year to March - a marked turnaround on a 40% fall the previous year.

It comes after BA relaxed profit-related performance targets for its annual bonus scheme and long-term incentive awards.

Haights Cross Communications (White Plains, NY), a publisher of books, periodicals, audio products, software and online services for the K-12, supplemental education, library and consumer markets, has sold its Sundance/Newbridge Publishing (Northborough, MA) unit to Rowman & Littlefield Publishing Group (Lanham, MD), an academic and trade book publisher and distributor, for a reported $5.9 million plus undisclosed profit-related payments.

Cobbetts saw the introduction of variable equity partner (VEP) and assured equity partner (AEP) status the former to be paid purely on the profitability of the business while the latter have 90 per cent of their earnings guaranteed with the remaining 10 per cent profit-related.

His complaint about sick pay being suspended and a failure to award him profit-related pay were upheld and the money will now be handed over.

The two sides also disagree about profit-related bonus pay.