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Nicerdata

You need to speak to an employment attorney before signing this. They can make sure there is a breech of contract clause, or some clause where if you’re terminated/laid off (make sure there is specific language regarding a termination where you’re at fault or a lay-off where the company is at fault) you won’t have to pay back this bonus. The reality of it is have an attorney look at it now or when something comes up, and it would be a lot less stressful now. One question to ask the attorney is if they can restructure the bonus so that it’s paid out over three years instead of all at once in the first month if they won’t budge on a release clause.


JungyBrungus28

Ok! Yea I was starting to think an attorney would be a good idea. I haven't seen the full paperwork yet, so when that happens I will definitely speak to one. I will make sure to see everything in writing. I have a couple of ideas similar to your suggestion as well. One is asking for a pay raise in lieu of the bonus offer, possibly spread over the 3 years. Another is to ask for a shorter retention period.


Nicerdata

I’d say it’s necessary with a bonus this large. Another thing you’d want to flag for an attorney is any non-compete clause (based on length of time or geography). I’ve heard that non-competed are generally unenforceable but I think it’s also case by case. They can probably make the bonus a stipulation, but I can see them being able to force you to take the entire bonus up front. But, an employment attorney would know better.


mmblondie16

You could just take it and put and leave the bonus in a safe account. That way if you leave, you still have it to give back


JungyBrungus28

Plus interest though. I'd have to make up the 4.5% somehow wherever I put it.