CS Training Contract Question
01-10-2008 | 10:23 AM
#2
Line Holder
Joined: Jan 2007
Posts: 454
Likes: 1
From: B717 CA
According to the contract, they are supposed to collect $5,000 a year for four years (it's not prorated). They don't care where you live as long as it's within 2 hours of your domicile.
Last edited by Chris99; 01-10-2008 at 10:32 AM.
01-10-2008 | 12:40 PM
#5
On Reserve
Joined: Nov 2006
Posts: 14
Likes: 0
I'm not sure what you are talking about but the training contract is for only ONE year. Maybe you are talking about pay back if you quit short of one year?
01-11-2008 | 04:28 PM
#7
On Reserve
Joined: Nov 2006
Posts: 14
Likes: 0
The training contract has not changed as far as I know, it is one year. The thing that changed with the 401k is vesting years to be fully vested in the 100% match for new hires.
01-12-2008 | 08:47 AM
#8
Line Holder
Joined: Jan 2007
Posts: 454
Likes: 1
From: B717 CA
Exactly, I should have worded that better. If you quit in the first year, they collect $5,000 a year for four years to total the $20,000. The first payment of $5,000 is due on your one-year anniversary of employment. Subsequent payments are collected on the first day of the following year.
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