Obligation for not completing an unpaid contract

villacorte · 1 Obligation for not completing an unpaid contract Wed Sep 01, 2010 12:23 pm

villacorte

Arresto Menor

Posts : 3
Join date : 01/09/2010

Good day to you Sirs and Ma'ams:

A contract offered to me states that if I stay with the company for the next five years they will pay me a certain amount when I reach the age 50(I'm 38 now). If I sign this contract and still decided to leave the company in less than five years, do I have any obligation even if I haven't receive a single centavo from the said contract?

Thank you very much for your time and more power.

attyLLL · 2 Re: Obligation for not completing an unpaid contract Wed Sep 01, 2010 12:36 pm

attyLLL

moderator

Posts : 21671
Join date : 12/04/2010
Location : https://www.facebook.com/BPOEmployeeAdvocate/

does the contract state anything about a penalty if you leave in less than 5 years?

the bonus at age 50 is just an incentive to stay in the company. it has no relation to what will happen if you leave too soon.

villacorte · 3 Re: Obligation for not completing an unpaid contract Thu Sep 02, 2010 12:02 pm

villacorte

Arresto Menor

Posts : 3
Join date : 01/09/2010

Good Morning Sir. Thanks for the very prompt response.

Well it did say that if I ever have the incentive "cash advanced" it will be immediately due and demandable if I resign. Will I be liable for breach of the incentive contract if I did not take any money from the incentive?

attyLLL · 4 Re: Obligation for not completing an unpaid contract Thu Sep 02, 2010 3:31 pm

attyLLL

moderator

Posts : 21671
Join date : 12/04/2010
Location : https://www.facebook.com/BPOEmployeeAdvocate/

no, you will not be liable because you did not have it advanced.

villacorte · 5 Re: Obligation for not completing an unpaid contract Thu Sep 02, 2010 4:51 pm

villacorte

Arresto Menor

Posts : 3
Join date : 01/09/2010

Thank you very much Sir for your advice. Very Happy

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Obligation for not completing an unpaid contract

1 Obligation for not completing an unpaid contract Wed Sep 01, 2010 12:23 pm

villacorte

2 Re: Obligation for not completing an unpaid contract Wed Sep 01, 2010 12:36 pm

attyLLL

3 Re: Obligation for not completing an unpaid contract Thu Sep 02, 2010 12:02 pm

villacorte

4 Re: Obligation for not completing an unpaid contract Thu Sep 02, 2010 3:31 pm

attyLLL

5 Re: Obligation for not completing an unpaid contract Thu Sep 02, 2010 4:51 pm

villacorte

6 Re: Obligation for not completing an unpaid contract

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