Originally Posted by
APCcommenter
Off topic but related to jumping ship. Does anyone know how the bonus payback structure works? Are all bonuses pro rated? And is the payback amount the pre tax amount or what we received? Thanks
Envoy Accounts Recievable has come looking for bonus payback. I am in the middle of that discussion now. A couple of notes:
- New Hire Bonus (signed early 2022) is NOT pro-rated.
- NHB payback request is NET (less taxes)
- They are offering pay-out plans of up to 12 months... this is still in discussion.
- They are asking for ATP/CTP repayment, but I have not seen paperwork supporting that request.
- The are asking for Retention Bonus repayment, but I have not seen paperwork supporting that request.
My advice on this topic:
- IF you take the bonus, put 100% of the NET into a 5% interest paying account and DO NOT SPEND it!
- If they come looking for payback, engage in the discussion and don't just ignore them. They can engage lawyers if they want, and at your expense if you lose.