Clark v Nomura International plc [2000] IRLR 766 HC

Reports relating to this case:

  • Contracts of employment: Decision to award nil discretionary bonus was breach of contract

    Date:
    15 October 2000

    A contractual discretion whether or not to award an equity trader any, and if so what, bonus, which was "dependent upon individual performance", was one that had to be exercised both by reference to an assessment of performance of the trader's contract and not irrationally or perversely, holds the High Court in Clark v Nomura International plc.