Texas  |  Business Law

Legal Question

Asked on: 6/29/06, 10:40 am

Existing agreements for a Spin-off company

Part of my contract for employment included relocation expenses, including a two year commitment stipulating a phased pay back in case I chose to change jobs before the two year period. Recently, it was announced that the parent company that I work for is spinning off into two separate companies; I will work for the new company. The contract only stipulates the parent company as my employer, and not any subsidiary. Can I change jobs without legal recourse? Is the agreement still valid?

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