I have 11 more months on my employment contract. Will I get paid?

I signed a two year employment contract with my current employer. Recently, they have restructured the company and changed the business model to exclude my job function. I'm at the beginning of my second year with almost 11 months remaining on my contract. My question is, how much of my remaining salary can I expect to receive in my settlement. I've heard that they will try to negotiate with me and bring the terms down to "so many cents on the dollar." Is this fair since they bound ME to the full 2 years?

Your help would be very much appreciated to those of use working under contracts.

Thanks

1 answer  |  asked Mar 15, 2001 8:29 PM [EST]  |  applies to California

Answers (1)

Eve Chesbro
A contract's plain language controls what you get.

Based on the terms of the contract, you could get either the full eleven months remaining or nothing. If the contract terms allow the contract to be terminated by the employer for a reason that arguably includes a corporate reorganization such as occurred, then you are owed nothing. If the contract terms do not allow for such a termination of the contract, then you have a good argument for full payment.

I strongly advise you to seek the advice of counsel who can review the actual terms of your employment agreement and advise you more fully.

posted by Eve Chesbro  |  Feb 21, 2001 1:06 PM [EST]

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