About 9 months ago I was relocated by my current company. When I made this move I had to sign a repayment agreement before the company would continue with my move. The repayment agreement stated if I was terminated for wrong doings or self-terminated my employment I would be liable for a portion of the relocation benefits I received. The agreement states:
< 9 months service - 100% payback
9 - 18 months service - 75% payback
18 - 24 months service - 50% payback
Is it 1) legal to enforce a repayment agreement and 2) Can the company come after me legally for this repayment agreement 3) Is the payment back agreement % fair (legal)?
I was relocated from Tampa, FL to Baltimore, MD in which I settled in Newark, DE. The company is located in Iowa.
< 9 months service - 100% payback
9 - 18 months service - 75% payback
18 - 24 months service - 50% payback
Is it 1) legal to enforce a repayment agreement and 2) Can the company come after me legally for this repayment agreement 3) Is the payment back agreement % fair (legal)?
I was relocated from Tampa, FL to Baltimore, MD in which I settled in Newark, DE. The company is located in Iowa.