Legal Question in Employment Law in India
I was offered a retention bonus (called special incentive) in May '13 which had to be paid back if I left the organisation before completion of 18 months from May '13. The orgnisation has since been sold and is in the process of being transitioned over to a new legal entity. Pls advise if the retention bonus payback still holds good considering the legal entity has been sold.
Asked on 10/03/13, 2:24 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
08.10.2013
Dear Sir / Madam,
YES, unless specifically cancelled / waived, the repayment clause holds good.
Regards,
Answered on 10/08/13, 7:44 am
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