Repayment Terms For Relocation

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Summary

If you leave your job within the first year, you must repay 100% of the relocation benefit. Whether repayment is all at once or in installments depends on your employers policies. Discuss with them directly and get any agreement in writing.

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$*,*.* with additional gross-up for State and Federal Tax liabilities will be paid to you in one lump sum as soon as practical after your acceptance of this offer letter. The benefit is intended to cover costs associated with your move to the new work location. Should you terminate employment with SPI within (*) years of receiving this benefit, you agree to reimburse SPI according to the following schedule: *% if leave in first year, *% if leave between the first and second year, and *% if leave two years or more from receiving this benefit. You also agree that repayment may be deducted from any final pay amounts as permitted by law.
Hello ****, what's your location? Also, are you looking for information on the legal implications of the terms mentioned in your offer letter?
This is my contract I want to know if I quit how would they have me pay back the money? All at once or could i do a payment plan
Hello ****, the terms mentioned in your contract suggest that if you leave within the first year, you would need to repay *% of the money received. Whether this has to be paid back all at once or in installments will depend on your employer's policies. It's advisable to discuss with them directly.
Denver colorado
Hello ****,
In Colorado, repayment terms are usually defined in the contract. If not, it's typically up to the employer. Discuss with them about a possible payment plan. Always get any agreement in writing.