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Compromise Agreement- Employer wants to extend termination date?
My employer made us sign a Compromise Agreement in January as it is restructuring and phasing out our department.
The termination date is mid-April.
Today we were informed that the termination date will be extended as the company has not yet reached the expected level of Knowledge Transfer.
We are not sure how longer this will be extended but I do not want to stay past my initial termination date.
Can the company force me to stay or penalise me on the amount they have offered to pay on the agreement?
- MaxiLv 72 months ago
You can go find yourslf a new job and give whatever is your legal notice to leave UNLESS your signed agreement states differently......so read it
- D.E.B.S.Lv 72 months ago
You need to look at the original agreement. If it states your bonus payment for staying until X date without any other conditions or fuzziness like 'company can extent', then you don't have to agree to anything else. You can also negotiate a higher payment, but it all comes down to what was in the original written agreement. (Nothing written = nothing is real)
- AlexLv 62 months ago
You don't say what country you are in, but in the US, employment is at-will. which means you are free to leave any time you want.