I was offered a retention bonus (called special incentive) in May '13 which had to be paid back if I left the organisation before completion of 18 months from May '13. The orgnisation has since been sold and is in the process of being transitioned over to a new legal entity. Pls advise if the retention bonus payback still holds good considering the legal entity has been sold.
1 Answer from Attorneys
Dear Sir / Madam,
YES, unless specifically cancelled / waived, the repayment clause holds good.
Related Questions & Answers
Hi, I have worked 15 months with a company and resigned on 22nd Jul 2013, after... Asked 10/03/13, 12:07 am in India Labor and Employment Law
I am working in a central government firm on contract basis,so can own a business Asked 10/02/13, 11:49 am in India Labor and Employment Law
I was a contractor providing labour to a comany and so also to other companies,but... Asked 9/29/13, 8:04 am in India Labor and Employment Law
To respected sir Fca Prashant Chavan as i had told you about myriad online data... Asked 9/28/13, 4:57 am in India Labor and Employment Law