Do I get to stay with my anniversary employment date if the company that I worked for was sold to new owners?
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Do I get to stay with my anniversary employment date if the company that I worked for was sold to new owners?
We have new owners but it’s the same corporation. I have been working there for 4 years and now when vacation comes I get 2 weeks. Can my new owners restart my anniversary date? I don’t want to loose my 2 weeks since I’ve been here a long time.
Asked on February 16, 2016 under Employment Labor Law, Tennessee
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
Yes, the new owners can change your anniversay date, or otherwise change how they calculate how much vacation you get, at will, unless you have a written employment contract setting this out (if you do, they have to honor its terms). For that matter, if you did not have a written contract, the old owners could have changed how they calculated vacation or how much vacation you had at will, too--when there is no contract, employers may freely change compensation, including vacation time, whenever they want.
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