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The CEO of Digital Enterprise, Inc. promises to pay Digital Enterprise's employees a year - end bonus if fourth quarter profits continue the trend set
The CEO of Digital Enterprise, Inc. promises to pay Digital Enterprise's employees a yearend bonus if fourth quarter profits "continue the trend set by the first three quarters" and next year's forecast "looks good." This is an:
Not a contract, meaning it is uncertain and lacks consideration.
Output contract in the sense that employee performance will largely determine whether the bonus will be due and payable.
Enforceable contract by Digital's employees but only if they bring their lawsuit as a class action with the three most senior nonmanagement employees as the class representatives.
Option contract at the election of Digital's management.
Enforceable contract by any one of Digital's employees.
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