I was reciently laid off and will be recieving a severance package.?
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I was reciently laid off and will be recieving a severance package.?
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In the separation agreement, that I am to sign, it states that if I am to secure or are offered employment with any employer with annual base pay of at least seventy-five percent of my compensation, my severance allowance and other benefits, will terminate. My question is, is this legal to do? If I do get another job, do I have to tell them? If I don't tell them, will I get in trouble?
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~M|ssy~
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I before e, except after c.....
Yes it's legal, and yes you have to tell them...though I'm sure they would find out anyways. |
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SmartA$$
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Sure its legal. They are trying to be nice and take care of you while you find another job. They aren't there to pay you tons of free money.
You could always just decline the pension if you don't like the terms.
And yes, it would be illegal if you "forgot" to tell them about your new job when you get rehired. |
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Michael from Kuwait
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krusht_ice
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its legal if you sign it :)
yes, because states keep track of how much money you make, so they would still find out eventually. And would probably come after you to pay back the money. |
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sbinlb
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I have never heard of that and wouldn't think it would be legal because you wouldn't be paying out equitably. The employees who get a new job get less than the employees who don't. What about the employees that don't even look for a new job.
If possible, I would talk with an employment lawyer about it.
Or you can try crossing that section out and turning in the signed/dated form |
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