New York
Hello,
I originally signed a contract for tuition reimbursement when I started my job. I started on 6/10/12. The agreement in the signed contract states:
"The hospital hereby agrees to provide tuition forgiveness to the employee in the amount up to 10k payable in 52 equal payments over 2 years. etc, etc. If the employee does not meet the program requirements, the employee may be required to reimburse the hospital for payments made.
- In exchange for the tuition forgiveness the employee agrees to work for the hospital for at least 3 years following commencement of tuition forgiveness payments.
- Employees who do not meet the obligation of this agreement will be liable to repay the hospital for tuition forgiveness monies according the the following:
1. Terminate while receiving tuition forgiveness payments: Total amount of forgiveness payments must be refunded to hospital
2. Terminate within one year after repayment is completed: 50% of repayment monies must be refunded
3. Terminate more than one year after repayment is completed: No repayment requires - employee has fulfilled obligation.
As of 11/1/13 I asked to stop my contract. At that point I was paid $6,730 total. I interpret the above as if you work less than 2 years, you owe all monies, if you work 2 - 3 years you owe 5k of the 10k back (so in my case I thought this would be $1730 - since I did not take the full 10k). If you work 3+ years, you keep the 10k.
I tried to clarify with human resources, and the woman stated that all of the money (6730) would need to be returned if I ended my job before 3 years. As of now I have been working for 2 years and a month. I further asked for clarification - however I stopped receiving responses. I would like to leave my current employer but do not want to owe nearly $7,000. To me, it seems as if clause 2 makes it so I only owe half, but perhaps I am not understanding correctly.
Thanks for any and all help!
Hello,
I originally signed a contract for tuition reimbursement when I started my job. I started on 6/10/12. The agreement in the signed contract states:
"The hospital hereby agrees to provide tuition forgiveness to the employee in the amount up to 10k payable in 52 equal payments over 2 years. etc, etc. If the employee does not meet the program requirements, the employee may be required to reimburse the hospital for payments made.
- In exchange for the tuition forgiveness the employee agrees to work for the hospital for at least 3 years following commencement of tuition forgiveness payments.
- Employees who do not meet the obligation of this agreement will be liable to repay the hospital for tuition forgiveness monies according the the following:
1. Terminate while receiving tuition forgiveness payments: Total amount of forgiveness payments must be refunded to hospital
2. Terminate within one year after repayment is completed: 50% of repayment monies must be refunded
3. Terminate more than one year after repayment is completed: No repayment requires - employee has fulfilled obligation.
As of 11/1/13 I asked to stop my contract. At that point I was paid $6,730 total. I interpret the above as if you work less than 2 years, you owe all monies, if you work 2 - 3 years you owe 5k of the 10k back (so in my case I thought this would be $1730 - since I did not take the full 10k). If you work 3+ years, you keep the 10k.
I tried to clarify with human resources, and the woman stated that all of the money (6730) would need to be returned if I ended my job before 3 years. As of now I have been working for 2 years and a month. I further asked for clarification - however I stopped receiving responses. I would like to leave my current employer but do not want to owe nearly $7,000. To me, it seems as if clause 2 makes it so I only owe half, but perhaps I am not understanding correctly.
Thanks for any and all help!
