What will happen if I’m leaving my job but accepted a sign on bonus after 6 months of employment with the agreement stated that if I left within 12 months of the bonus pay date I’d have to pay in back within 30 days?
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What will happen if I’m leaving my job but accepted a sign on bonus after 6 months of employment with the agreement stated that if I left within 12 months of the bonus pay date I’d have to pay in back within 30 days?
I’m leaving 11 months from that date. Do I have to pay it back?
Asked on June 4, 2019 under Employment Labor Law, New York
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
The fact is that both written and oral agreements are enforceable. The caveat s that in NY the an oral agreement must not be for a term exceeding 1 year.
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
The fact is that both written and oral agreements are enforceable. The caveat s that in NY the an oral agreement must not be for a term exceeding 1 year.
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