What is the name of your state (only U.S. law)? Maryland
I have been participating in my company's tuition reimbursement plan and as a requirement I was to stay at the company for 4 years. I would have to pay back 75% after 1 year, 50% after 2 years, etc.
Unfortunately, the company has been doing very poorly of late and through resignations and layoffs, the staff size is about 1/2 of what is was a year ago. Needless to say, much has changed including my job description and room for growth (both for the worse). As a result, I am planning on leaving the company.
I signed the tuition agreement stating my agreement with the terms, but I wanted to see if there was any chance that all/part of the tuition would be forgiven because of circumstances. I don't know if this is something I would have to try to negotiate with them (which seems futile). I also don't want to burn any bridges....I just don't want to have to pay this money if I don't have to.
Also, they want me to sign a promissory note if I do leave, although this is not outlined in the tuition reimbursement plan, why is this?
Thanks!
I have been participating in my company's tuition reimbursement plan and as a requirement I was to stay at the company for 4 years. I would have to pay back 75% after 1 year, 50% after 2 years, etc.
Unfortunately, the company has been doing very poorly of late and through resignations and layoffs, the staff size is about 1/2 of what is was a year ago. Needless to say, much has changed including my job description and room for growth (both for the worse). As a result, I am planning on leaving the company.
I signed the tuition agreement stating my agreement with the terms, but I wanted to see if there was any chance that all/part of the tuition would be forgiven because of circumstances. I don't know if this is something I would have to try to negotiate with them (which seems futile). I also don't want to burn any bridges....I just don't want to have to pay this money if I don't have to.
Also, they want me to sign a promissory note if I do leave, although this is not outlined in the tuition reimbursement plan, why is this?
Thanks!