Can I keep the sign-on bonus if I am fired?
My employment contract says that I have to repay the sign-on bonus if i decide to not to remain employed, ie quit. Does that mean that if I am fired/laid off then I can keep the bonus?
Here is the full text of the paragraph:
"You or the firm can end the employment relationship at any time and for any reason. If for any reason during your first year you decide not to remain employed by the firm, you will be responsible for promptly returning the full gross amount of your sing-on bonus, relocation payments and loans to the firm."
Answers (1)
As I read that language, if you decide to quit, you are obligated to pay. If they (the company) decide to fire you or lay you off, you would not have to pay. But I would need to see the whole contract to give you any definitive advice.
posted by Brad Glazier | May 3, 2011 10:26 AM [EST]
posted by Brad Glazier | May 3, 2011 10:26 AM [EST]
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