| Topic Name: |
dot-consulting exit strategy |
| Message Name: |
get yourself fired! |
| Date Posted: |
01/13/2001 |
| In Reply To: |
How "binding" are the terms of the offer letter?
I believe, as the dot-economy slows, so too will the business of some of the dot-consultancies. I am looking ahead to my exit from one such company but considering the terms of my original offer letter in that light. The clause that troubles me is the repayment of sign-on bonus if I leave within one year of my start with the company. Does anyone have any experience with this? I am wondering whether my employer will likely just let this go, or if I must convince my next employer to pay it back on my behalf.
Thanks for any insight.
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| Message: |
The easiest way to deal with this is to get yourself fired. I know-- I did it!
1. The atmosphere in the dot-economy now is so tense that a fight is easily picked.
2. Everybody accepts that no ex-employee ever says s/he was fired, and no ex-employer ever dares say anything other than that ex-employee 'left'.
3. Repayment clauses only apply if you leave, not if you're fired, so you get off that hook.
4. If you're fired, you also get off the hook of any anti-poaching clauses which may have covered you in your firm's agreements with clients or partners, so you can freely approach them.
See-- getting fired is great!
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