As practice in our company, we have this bonus called "Management Incentive" every end of the year, It is equivalent to 1% of the Net income for the year and to be distributed to officers and employees. My questions are:
1. Is there any ruling/law particularly in profit-sharing of companies?
2.Are the Board of Trustees entitled to this benefit since it is called "Management Incentive"?
Thank you and looking forward for reply. God bless!