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Repayment of Bonus

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Bonuses were issued one year with my former employer and distributed. Three months later, a memo from the President indicated that there was an error in the bonus calculation and the amounts distibuted were in error. Essentially, my bonus was reduce from $4000 to $400 a big difference.

The memo indicated that repayment of the bonus would be required if you left the firm. If you stayed, then future bonuses, if any, would be credited against the amount you "owed."

Can an employer do this type of thing?
 



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