Legal Question in Employment Law in India

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.

Asked on 10/03/13, 2:24 am

1 Answer from Attorneys

Fca Prashant Chavan Expert Edge LLP

08.10.2013

Dear Sir / Madam,

YES, unless specifically cancelled / waived, the repayment clause holds good.

Regards,

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Answered on 10/08/13, 7:44 am


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