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If you read the story it would tell you. Performance goals which were unreachable were added and used to fire people 1 month short of a 24 month window during w
by fred_is_fred 3y ago
If you read the story it would tell you. Performance goals which were unreachable were added and used to fire people 1 month short of a 24 month window during which you'd have to pay it back. The timing sure seems suspect and arbitrary and although I agree with you that the bonus terms probably say "we can fire you if you don't perform", moving the goal posts with a month left is a concern.
- SoftTalker 3y agoA good lesson for employees with these kinds of deals to have the signing bonus agreement reviewed by their own counsel to point out these potential scenarios. Something like "fired if you don't perform" should be spelled out unambiguously in the contract and not be subject to being defined later. Any contract for $100k is probably worth a few hours of a lawyer's time to review it.
- fred_is_fred 3y agoThe lawyer would probably tell you the risk but I would guess most people would still sign it. In 2021 very few mortgage brokers would have guessed at 8% 30 year rates.
- SoftTalker 3y agoYes it's hard to make predictions, especially about the future. You're probably right that most people would be optimists and accept the agreement. At least they couldn't say they didn't understand the risks.