Your scheme % is outlined within your Scheme letter and these are issued at the start of the financial year/ each quarter if metrics are revised.
If you have any queries, please submit a request for the Benefits team.
Bonus Scheme Rules
This discretionary bonus scheme replaces all bonus schemes in operation
· Bonus payments are not contractual and are paid at the Company’s absolute discretion. The
Company reserves the right to amend or terminate the scheme at any time
· New starters are eligible for bonus from the day they join, and payments will be pro-rated for
completed periods worked from the point responsibility for the site is taken. If the colleague
transfers sites during the Quarter, then any payments will be pro-rated
· Bonus payments related to controllable profit target achievement are assessed quarterly
· Payments will normally be issued in the second payroll cycle after the close of period 8.
· The Company may revisit the targets during the year and re-set a target up or down if the target
setting process clearly failed to take account of realistic expectations
· In the case of redevelopments, targets will be adjusted to reflect the investment appraisal
· Full or partial payment may be withheld where a business has not been properly controlled in
relation to cash or stock, or the team member training programme has not been adhered to
· Payment will only be made to current colleagues at the time the bonus is paid, irrespective of
whether the contract is fixed term or permanent
· Payments will be withheld if a colleague:
o has resigned and is working their notice when the bonus is due to be
paid
o is subject to an active disciplinary and therefore will not be eligible to receive bonus for the
period that the sanction is live. Eg; a final warning outcome is on 1st March 2026. This
results in the individual qualifying for a Q1 payment for FY26 but no further bonus payments
will made until Q2 FY27 1st March 2027. This would also mean that the year-end bonus
achievement would be pro-rated so that only 1 quarter of the amount is received and
therefore any year-end bonus in FY27 would also be pro-
rated
· Payments will be pro-rated/withheld for any significant absence
· Payments will be pro-rated for any colleague on maternity leave during the bonus period, excluding the first two weeks of compulsory leave