On Thu, 2004-02-12 at 21:13, Julian Bradley wrote:
> Can I also ask, perhaps the whole list, what the plan is for partners who
> leave part way through a year?
>
> There are issues to do with partnership shares and issues to do with the
> pension effect of Q&O payments and there does not seem to be a clear single
> "correct" answer, so some collective wisdom would be greatly valued.
I would see the Q&O payment as something that is worked for and achieved
throughout the twelve months. So a partner leaving (say) after six
months would have done his share of half the work to achieve the
payment, and would therefore be entitled to his share of half the
payment.
In other words, treat the payment as being divvied out in monthly
aliquots, 2/3 of which are (entirely unreasonably) withheld until the
end of the year.
--
Michael Leuty <[log in to unmask]>
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