I am moving...YAY
But I have a question about a contract I had signed for relocation. Essentially, they paid me a lump sum package to move out here.
Here is the agreement
My question
My year date is Feb 9th. Am I at risk for payback if I inform the company that I decided to leave the 31st of Jan with the final day being the end of Feb?
Could that clause be enforced on the day I tell them I am quitting or does it apply to my last day physically at work?
I would like to give them a months notice to help them out with planning. If that is unwise, I will tell them on the 10th and give a meager 2 weeks notice, which may be a hardship on them. I would like to give the most time I can for future reference concerns.
Or is a 2 week notice acceptable? Even for a job that requires clearance, so they just can't replace me as quick as a job that doesn't.
Thoughts? I do not want to resign a lease and be liable for more moneythan I need to be out here as I can't do a month to month lease.
Thanks!
But I have a question about a contract I had signed for relocation. Essentially, they paid me a lump sum package to move out here.
Here is the agreement
I agree that if I voluntarily terminate or otherwise leave my employment for reasons within my own control, or am terminated for cause within one (1) year from date of commencement of work after arrival at a new work location, I will promptly reimburse "company name" the full amount of all relocation monies paid to or for me by the company. If final pay is not sufficient to cover all of the expenses, I promise and agree to pay upon demand to the company the remaining balance.
I fully understand that the foregoing is not intended as contract of employment for any period.
"I understand that no payments or reimbursements to me or on my own behalf can be made until this is signed and returned to "companay name"".
My question
My year date is Feb 9th. Am I at risk for payback if I inform the company that I decided to leave the 31st of Jan with the final day being the end of Feb?
Could that clause be enforced on the day I tell them I am quitting or does it apply to my last day physically at work?
I would like to give them a months notice to help them out with planning. If that is unwise, I will tell them on the 10th and give a meager 2 weeks notice, which may be a hardship on them. I would like to give the most time I can for future reference concerns.
Or is a 2 week notice acceptable? Even for a job that requires clearance, so they just can't replace me as quick as a job that doesn't.
Thoughts? I do not want to resign a lease and be liable for more moneythan I need to be out here as I can't do a month to month lease.
Thanks!