Legal Question in Employment Law in Illinois
Educational Assistance Form
My employer paid for me to get my MBA. For each class, I had to sign an agreement that if I left within 2 years, I would have to pay back the amount that they paid. Is this agreement binding? If so, is there any $ limit or time limit for which this is enforceable?
Asked on 4/03/03, 7:03 pm
1 Answer from Attorneys
Mary McDonagh
McDonagh-Faherty Law Offices
Re: Educational Assistance Form
Yes it is binding. The dollar limit depends on the contract. As for a written contract, there is a 10 year statute of limitation to enforce it.
Answered on 4/04/03, 4:19 pm