From: pschleif@speakeasy.org   
      
   On Sun, 24 Aug 2014 23:34:12 +0000 (UTC), "Adam H. Kerman"   
    wrote:   
      
   >Peter Schleifer  wrote:   
   >>"Adam H. Kerman"  wrote:   
   >>>Peter Schleifer  wrote:   
   >>>>"Adam H. Kerman"  wrote:   
   >>>>>Stephen Sprunk  wrote:   
   >>>>>>On 22-Aug-14 15:45, Adam H. Kerman wrote:   
   >   
   >>>>>>>A hiring bonus is to compensate for work about to be performed   
   >   
   >>>>>>No,   
   >   
   >>>>>Yes.   
   >   
   >>>>No.   
   >   
   >>>>A hiring bonus is offered because it is needed to hire the desired   
   >>>>person.  In my own experience part of that is the need to compensate   
   >>>>for the loss of the expected year-end bonus at the prior job if the   
   >>>>new hire is being enticed to leave the old job before collecting that   
   >>>>bonus.   
   >   
   >>>You're being ridiculous. The new employer pays a hiring bonus anticipating   
   >>>getting work from the new employee. There's no other way to look at it.   
   >>>That's why it's ordinary compensation.   
   >   
   >>It's taxable as ordinary income,   
   >   
   >I'm not concerned about tax treatment; this was about bankruptcy.   
   >   
   >>but depending on the terms of the offer, it could be paid before much   
   >>work has been done and there might not be any obligation to return it   
   >>if the new hire resigns after a month.   
   >   
   >Sorry. It's impossible to believe any employer would pay a hiring bonus   
   >without concern for getting actual work performed. If the employee (we're   
   >talking about "the talent" or upper-level management) resigns immediately,   
   >then it would be just like a golden parachute payment.   
      
   Employers are always concerned about getting actual work performed,   
   but they don't always put that into offer letters in any legally   
   binding way.   
      
   Anyway, this thread has drifted too much.  Hiring bonuses are much   
   less likely to be effected by bankruptcy since, unless the new hire is   
   a victim of extremely poor timing, he/she would have already been paid   
   before the bankruptcy filing.   
      
   >I suppose employers have been ripped off under such a scenario, but   
   >there's no need to discuss it as if it's common.   
      
   --   
   Peter Schleifer   
   "Ignorance is easy and you get it for free"   
      
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