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-   -   Repayment of Retention Bonus (https://www.askmehelpdesk.com/showthread.php?t=341707)

  • Apr 14, 2009, 09:09 PM
    belowaverage
    Repayment of Retention Bonus
    I received a retention bonus and had to sign a one page form that basically said that I would have to repay it if I left within a year. I bolted after 8 months. A year passed and all was well but four days later, here came the letter from my former employer wanting the money back. The document I signed didn't mention proration or any kind of statute of limitations but I'm wondering, is there any kind of legal "reasonable" time that former employers have to begin pursuing the recovery?

    Thanks
  • Apr 15, 2009, 05:43 AM
    excon

    Hello below:

    They probably have three years in which to sue you for the money.

    excon
  • Apr 15, 2009, 11:47 AM
    twinkiedooter

    Unless the contract specifically stated that the retention bonus would be prorated if it had to be repaid, then no, the company would be entitled to the entire amount back. And as Excon pointed out, it would probably be a 3 year SOL as well.

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