Those employees who do not participate in an incentive scheme will automatically be eligible for the company’s discretionary bonus scheme.  This, as its title suggests, is payable at the discretion of the directors and is designed to give those employees who do not benefit from incentive schemes the opportunity to share in the results of the company.

Precise details of the bonus scheme may vary from one period to the next and payment may be annual or semi-annual.  The amount paid is usually related to length of continuous service, with long-serving employees receiving a larger bonus than those with shorter periods of service.  Those employees who choose to make their careers with KeyMed can, subject to the company’s performance and the terms of the scheme, benefit from enhanced earnings.

It should be noted that all payments under the discretionary bonus scheme are subject to income tax and national insurance contributions.