vincentb
Jul 24, 2008, 10:06 AM
Hello:
When I joined my current company, I received a sign on bonus and accepted to repay a part of it should I leave before completing 2 years.
Question: What about if my employer let me go? Do I have to repay the sign-on bonus?
Hereafter, an extract of the contract I signed:
"I understand that if I complete 2 full years of employment with XXX I am not obligated to repay any portion of the sign-on bonus"... "if I leave XXX before completing two yers of employment, I am obligated to repay a portion of the sign-on bonus ...."
Does "if I leave" apply in any situation or only if I resign? What about if my employer let me go?
Thanks!
When I joined my current company, I received a sign on bonus and accepted to repay a part of it should I leave before completing 2 years.
Question: What about if my employer let me go? Do I have to repay the sign-on bonus?
Hereafter, an extract of the contract I signed:
"I understand that if I complete 2 full years of employment with XXX I am not obligated to repay any portion of the sign-on bonus"... "if I leave XXX before completing two yers of employment, I am obligated to repay a portion of the sign-on bonus ...."
Does "if I leave" apply in any situation or only if I resign? What about if my employer let me go?
Thanks!