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Hello there,
I was offered a job by US company and they are willing to file for H1B processing. I was sent an offer letter and a contract letter.
The contract letter states the following. I'm worried about "Recoupment of Employer’s Costs" section of the contract. Can anyone clarify on this how this affects legally If I leave the employer before required 2years ? Contract letter doesn't say anything about the actual "Retention cost" amount which I may need to pay if situation arises.
Quick response is much appreciated as I need to accept the offer soon if this is fine.
**** **** **** *
Recitals:
The Employer is an Information Technology Service & Solutions business provider.
B. The Employee is being retained by the Employer in an at-will position of PeopleSoft
Developer.
C. The Employer and the Employee (defined as “Parties”) desire to enter into this Agreement
in order to set forth the specifics of their employment relationship.
TERMS OF EMPLOYMENT:
2) Recoupment of Employer’s Costs.
In seeking to retain the Employee’s services, the
Employer has extended substantial costs in the training, and related retention matters of the Employee
(hereinafter “Employer’s Costs”). In addition, the Employer has extended and continues to extend
valuable retention costs for the Employee’s other related costs in furtherance of the continuing
services of the Employee (hereinafter “Retention Costs”).
In the event that the Employee seeks to terminate the Parties’ employment arrangement within:
(a) Two years of its commencement, the Employee shall be responsible to repay the Employer
the reasonable costs of the Employer’s Costs for training, Retention and any corporate
related costs with said costs being reasonably calculated. By executing the Agreement, the
Employee affirms that he/she has read the foregoing provision and without duress accepts
these terms as reasonable.
**** **** **** *
I was offered a job by US company and they are willing to file for H1B processing. I was sent an offer letter and a contract letter.
The contract letter states the following. I'm worried about "Recoupment of Employer’s Costs" section of the contract. Can anyone clarify on this how this affects legally If I leave the employer before required 2years ? Contract letter doesn't say anything about the actual "Retention cost" amount which I may need to pay if situation arises.
Quick response is much appreciated as I need to accept the offer soon if this is fine.
**** **** **** *
Recitals:
The Employer is an Information Technology Service & Solutions business provider.
B. The Employee is being retained by the Employer in an at-will position of PeopleSoft
Developer.
C. The Employer and the Employee (defined as “Parties”) desire to enter into this Agreement
in order to set forth the specifics of their employment relationship.
TERMS OF EMPLOYMENT:
2) Recoupment of Employer’s Costs.
In seeking to retain the Employee’s services, the
Employer has extended substantial costs in the training, and related retention matters of the Employee
(hereinafter “Employer’s Costs”). In addition, the Employer has extended and continues to extend
valuable retention costs for the Employee’s other related costs in furtherance of the continuing
services of the Employee (hereinafter “Retention Costs”).
In the event that the Employee seeks to terminate the Parties’ employment arrangement within:
(a) Two years of its commencement, the Employee shall be responsible to repay the Employer
the reasonable costs of the Employer’s Costs for training, Retention and any corporate
related costs with said costs being reasonably calculated. By executing the Agreement, the
Employee affirms that he/she has read the foregoing provision and without duress accepts
these terms as reasonable.
**** **** **** *
