... that says I must stay with the company for 3 years or I have to pay them money. Anyway, I'm afraid to ask my boss directly if that means that I can move out of state and work for the same company (because I don't want her to know that I'm contemplating a move)??? It says nothing specifically about that. What should I do?
2006-12-19 11:27:55 · 6 answers · asked by Unknown 1 in Business & Finance ➔ Careers & Employment
I was given a $10,000.00 bonus. Turns out the day I got the bonus I had to sign this contract.
2006-12-19 11:34:31 · update #1
My husband signed the same thing, but a one year contract and it wasn't that much money! But he was able to transfer within the company. We moved out of state. His old boss really wanted him to stay, but there were more benefits for us to move. Is the new position a higher up one? Then your boss should not fault you for wanting to better yourself.
2006-12-19 11:38:12 · answer #1 · answered by LittleFreedom 5 · 0⤊ 0⤋
I had to sign a similar contact when I started working at my current company. My contract was only for 1 year and I was given a signing bonus. If I left before the contract expired, I would have to pay back the signing bonus.
I talked to my boss openly about leaving the company/state before the contract expired. He told me that the penalty can be waived if the manager chooses to do that.
If you don't feel comfortable talking to your direct manager, is there another manager in the same group/division that you can speak with confidentially? Can you contact your HR rep?
If neither of those options appeal to you, get a hard copy of the contract and take it to a lawyer who can interpret all of the restrictions and limitations for you.
Good luck!
2006-12-19 19:43:42 · answer #2 · answered by Bunni18 1 · 0⤊ 0⤋
Check if it also means they have to keep you on for 3 years. If it does, then you're definitely safe asking. If not, it's no worse than a risk anyone takes asking that kind of question, binding contract or not. If you're sure you want to move, it's probably worth it.
2006-12-19 19:30:10 · answer #3 · answered by hslayer 3 · 0⤊ 0⤋
You may want to check if such a contract is really legal. It sounds like indentured servitude. I don't think a company could actually require you to work for them, unless they prepaid you. Talk to an employment attorney.
2006-12-19 19:33:08 · answer #4 · answered by Debra G 4 · 0⤊ 0⤋
Read over your contract. If you can not find that then read over all company policies. These should be available to you!
2006-12-19 19:32:20 · answer #5 · answered by tigerbaby99 3 · 1⤊ 0⤋
I don't think it would hurt to ask.
2006-12-19 19:35:01 · answer #6 · answered by ramman 4 · 0⤊ 0⤋