- Jurisdiction
- New Jersey
HI,
I switched jobs late last fall and I received a sign on bonus to recover the portion of my annual bonus from my previous employer. The agreement I signed required I would repay the entire bonus should I leave within 12 months. My new company was acquired 3 months after I joined and management told us on day 1 our office would be closed within 12-15 months. After 6 months, there has been no discussion around being offered a full time role at the new company (which would require relocation), the new company has hired a person with a similar skill set that I have in their corp HQ, and if/when my position is terminated I would only be entitled to 2 weeks severance. I have an opportunity elsewhere and wanted to know if I would still be on the hook for repayment of my sign on bonus because if so I plan to negotiate some recovery of this in my new employment package? Could they sue me if they plan to terminate me in a few months anyway?
I switched jobs late last fall and I received a sign on bonus to recover the portion of my annual bonus from my previous employer. The agreement I signed required I would repay the entire bonus should I leave within 12 months. My new company was acquired 3 months after I joined and management told us on day 1 our office would be closed within 12-15 months. After 6 months, there has been no discussion around being offered a full time role at the new company (which would require relocation), the new company has hired a person with a similar skill set that I have in their corp HQ, and if/when my position is terminated I would only be entitled to 2 weeks severance. I have an opportunity elsewhere and wanted to know if I would still be on the hook for repayment of my sign on bonus because if so I plan to negotiate some recovery of this in my new employment package? Could they sue me if they plan to terminate me in a few months anyway?