Legal Question in Employment Law in New Jersey
Year end Bonus with legal strings attached
In return for a year end cash bonus, I'm required to sign a statement that I will stay with this employer for at least another 6 months. If I leave sooner,I am required to return the money. The company is in transition, with the possibility of new owners coming aboard, so I don't know what the next 6 months will bring. Is this statement legal and binding, if I do sign, and then decide to leave in a few months?
Asked on 12/13/06, 11:07 pm
1 Answer from Attorneys
Re: Year end Bonus with legal strings attached
Yes. The conditions on the bonus are legal. There is no requirement to provide a bonus unless your employment contract contains one.
Answered on 12/14/06, 1:23 pm
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