{ "media_type": "text", "post_content": "Sign on bonus payback question - due to a restructuring i no longer work at the company i originally signed the contract with (my new company is its own public company now, no relation to my original company), so do i have to pay it back? \n\nmore details in comments", "post_id": "62215d0ca3fa1b002b612430", "reply_count": 3, "vote_count": 3, "bowl_id": "59eff9a569d52d00113392cc", "bowl_name": "Accounting Exit Opportunities", "feed_type": "bowl" }

Sign on bonus payback question - due to a restructuring i no longer work at the company i originally signed the contract with (my new company is its own public company now, no relation to my original company), so do i have to pay it back?

more details in comments

like
Posting as :
works at
You are currently posting as works at

Effectively, I started a job at a subsidiary of Company A, we can call it company little a. At the time, company A had 5 subsidiaries. Company little a paid out my sign on bonus and my payroll up until the below transaction happened.

One of the subsidiaries (Company B) decided to leave Company A to become its own company/legal entity, and I was forced to go with them. After that was done, my payroll started coming from Company B, my currently employer.

The language of the contract that’s that I would have to pay back the company of the “subsidiary of Company A” if I leave within two years. The subsidiary of Company A nor Company A are my current legal employees, so I don’t feel like I should have to pay this back. State is OH

Does the contract define Company A “and it’s successors” anywhere? Usually they cover M&A this way.

it did not! which i think was really silly on their part because the possibility of a transaction was looming.

it’s likely because most of the functions of this company are already split out but mine specifically wasn’t and was ones to be broken up.

Related Posts

Medical Technologist ASCP certified, what’s the average salary in Maryland for an MLS with one year experience?

like

Do we get VPB (variable pay bonus) if we are on notice ?

like

Hi All.
It seems the performance pay is really high in the offered salary. Can anyone please confirm whether this is okay for C3B band? And what will be the in-hand salary with such high-performance pay (considering it is not consistent every month?

Post Photo
like

Those with Nannies in Chicago. What is your hourly rate and for how many kids and how/do you deal with taxes?

Has anyone workef for Unum before? Interviewed for business intelligence analyst but no clue about salary range. Entry level. Any ideas what range should i be asking for? Google says around 85 to 88k but not sure thats right.

like

How much do partners really make at these Tier 2 life sciences firms in London? Like CV, Putnam, Trinity, LEK? Anyone know how the pay structure is - base + bonus + profit share??

like

Does anyone know anything about the salary range for a senior consultant in Abu Dhabi? I may be moving out there and wondering what to expect? I’ve been in consulting for one year post MBA

Received a job offer from a hedge fund, was hoping a bit more. How should I approach salary negotiation? Any tips? Is it risky to ask for more?

YOE: 3
TC: 295k / no signing-bonus

edit: this is new TC. Current is 175k

like

How much Salary can be except for a 5yr Senior Data Analyst in Optum? Optum

What is the min and Max fixed pay for Grade 26?

Why TCS pays such a low fixed salary, they are offering even lesser as to what I have fixed salary with current employer

like

Hello Fishes, I am about to get an offer from Airtel for Sr. Data Analyst profile. I have 4 yrs of work experience. What is the compensation range I can expect. I don't want to lowballed. Would be great if you can help me with some number

like

Ladies. Genuine advice needed. I have been working with my agency 3.5 years now and have moved from AD TO D. However no bonus or significant pay changes. Over last 4 months I also filled in for my GM who went on Mat leave and agency didn’t get a replacement. Another director in the team also left post my joining so most of the year I have been filling in for 2/3 ppl and it’s taxing! I feel like I am burnt out and see no future growth. But also don’t have another job lined up. Should I quit ?

like

Would love some advice here. Anyone ever work with independent enterprise reps out there? Whats a fair comp on services for strategic sales for an independent? Is it possible to leverage Indys for complex sales. Thanks for the thoughts!

like

Can I survive on a salary of $100k~ a year in Toronto. Recently got an offer but hearing a lot about the high cost of living in this city.

For some more context, around $15k outstanding in student debt, but will be paid off soon. No other debt. No assets either.. can I eventually afford a house?

Thanks in advance!

likefunny

Whats the NYM Tech risk senior salary at EY?

like

Hey,
I am data engineer with total of 12 years experience of which 6 years in big data and data engineering.
A mid size company in foster City , California is offering me 205,000$
It is a fine salary for my experience in Foster city (bay Area)

like

Hello fishes !
I have an offer with
Deloitte USI as “Salesforce Consultant “ with 11L (Fixed) + 10% of variable pay + 1L (Joinig bonus) +40000 (for relocation ).

Im just wondering that whether they are providing the correct pay according to market standards or am I being paid less . Because during in HR call i asked for 11 LPA and they agreed the next moment.

Can some one through some light on the above and how is the WLB in Deloitte USI
YOE :3.2
CTC :7.5 Lpa

like

Curious what’s the salary for S1 in AAS is.

Hi guys, what’s the compensation like for a junior sales/investor relation role at asset management firm in NYC?
I’m coming from financial services with 2 years experience.
Thank you!!

Additional Posts in Accounting Exit Opportunities

Anyone have a memory foam chair cushion for their home office chair? I know I work and sit in it way too many hours in a row, but am thinking an added cushion might help 🤪 TIA!!

like

Thoughts on McCann Health?

like

If suddenly the whole world had a transcript of everything you’ve ever said or done, do you think you’d be cancelled?

like

KPMG needs to issue their W-2s yesterday 😤😤😤

like

What are analytics jobs like outside of the US? Would love to relocate to somewhere in Europe but finding a job seems impossible, plus probably leading to a pay cut..

like

Best SPG resorts in Bali?

like

Hi everyone,

I need some guidance, I am working in TCS from past 2.5 years in which I have been in core mechanical designing for 1.5 years, somehow I moved to teamcenter admin role from past 3 months.
I don't know much coding learning it from past 1 year. I want to switch my domain from Teamcenter to data engineer. I am not much confident in coding and sql.

I want to be a good coder, so thinking of joining DS algo Institute. I am married recently and my package is still 4 LPA.
Please help.

like

Picture of Gresham Park in South Atlanta. Why can’t people be smart 🤦🏼‍♂️

Post Photo
likeuplifting

Any ideas on how to start a Muslim group at work? It could encompass networking with other Muslims, presentations about Ramadan to promote awareness, Islamophobia, etc.

like

Ok so, negotiating question: I gave my salary number to the tech recruiter which I usually don't do until I've asked what the budget is which I didn't bcoz I was a bit windswept by the recruiter's pitch. I am now in final round tomorrow. How do I negotiate salary after giving my #? Is it too late?

Second q: leaving job with two week notice + accepting new role. How do I navigate this? I intend to give my current employer 2 weeks notice but should I wait to sign the offer from new job first or

like

Hi fishes,

I am joining an insurance company as a business analyst

YOE - 2 YRS

Was in a small company and got a healthy jump for this one.

Would like you folk to guide me on this-
Should I be restricted to the insurance sector or should I try to push my horizon for the next jump. What are the things/ technologies/ tools o should learn along the job after I enter into this role.

likehelpful

Hello All,
I received an email from PwC that offer letter is extended and will be available on the portal shortly .
But it's not yet available on the portal.
Any idea anyone?

like

Does anyone know if tech companies typically offer a severance package if laid off for sales roles?

like

I would love to hear the savings rate of those who have student loans and are unable/unwilling to live with their parents. Kudos to those out there who have one/both but unfortunately that’s not my situation and it’s helpful to see what’s possible otherwise! Please share if you’d like ☺️

like

What are RSMs benefits like? Do they pay for higher Ed?

So one partner that I have no assignments with and is outside my practice group asks me to pull cases for him all the time. I don’t have time for it (my billables show for it) and he doesn’t ask male associates to do it. What I’ve been doing is ignoring his emails instead. Is this stupid? Can I even get in trouble? I’ve been trying to figure out how I could possibly get in trouble, and I just feel like he wouldn’t have valid arguments if he escalated. Anyways, I hate him lol.

like

Boss suit by Hugo Boss is made of washable virgin-wool flannel. The ad says avoid trips to the dry cleaner. Any experiences?

Are there any public firms out there that don’t have billable hours requirements all year? I know that’s the norm just wondering if a unicorn exists

likefunny

Any good brunch spots in Hoboken?

Additional Posts (overall)

What’s the quickest way to get an industry job as a first year senior?

like

I see a lot of people go from mid size to big four. What about the other way around? What if you worked at big 4 3-5 years than went mid size? Or is it always better to just go to industry ? What are the pros and cons? Is work easier at mid size? Are promotions harder or easier at mid size? Also how is the pay? Would appreciate your thoughts ! Thank you all.

like

Looking for Deloitte referral. Looking to get into consulting from audit Deloitte

like

What type of questions do you typically ask when talking to a recruiter? I've never worked with a recruiter before and am strongly considering leaving EY before busy season. Any help/suggestions would be appreciated. TIA

like

I have a phone interview with Amazon Accounting. In the email from the recruiter, it asked about total compensation expectations (including base, bonus, stock). Any insight on the range? Anyone with experience with the phone interview? For background, I’m a M2 within accounting advisory.

like

My interview completely went off the rails my 88 yo grandfather brought my crying nephew (3mo) into the room during video interview (my power was out and I had to do the interview at my sisters house) and said “he won’t shut up” I got him quiet but had to hold him while my grandfather walked around the room and was onscreen in the background 🤦‍♀️. The guy was really nice about it. For my thank you letter obvi am apologizing. I was thinking about including a picture f the kid smiling or how to

like

How many times did you cry at work before realizing it was time to leave? Seriously!!

like

Looking for tax compliance exit opps. Hedge Fund and Private Equity focus. No idea where to go from here.

Looking for tips/suggestions in leaving public after 6 years. Also wanting to change industries at the same time. The latter appears to be the hard part with so much time in my specific industry.

like

For those doing GL or revenue in industry, are you involved with any automation projects? I am interested in knowing what resources or assistance at your company are available to you? And also what tech skills you need as an accountant?

like

When you know you’re not ready, Is it still better to have Facebook/Google interview for experiences when given a chance or decline as they will collect data and poor performance might impact negatively in future interviews? Recruiter is asking for an interview with hiring managers in a few days (cannot move) and I haven’t done prep in a while. Any advices will be helpful.

like

Everyone is telling me to get the CPA, but get the CPA for what?

likehelpfulfunny

Any thoughts on Siegfried and do you need your CPA to make manager there?

likehelpful

Hopefully not too dumb a question: do any European B4 firms or companies hire US sales tax people? There’s a chance my wife might take position in the EU, I can get residency, but I’ve only ever practiced in US sales tax. Curious if there are any opportunities there.

like

What’s a reasonable bonus expectation to ask for for an FP&A role? Is 10% appropriate with 2.5 years of PA in Financial Services?

like

I’ve been entertaining calls from recruiters, both industry and accounting / consulting firms, and found basically none can match the comp I have now as a new SM3. Anyone else running into this?

likesmart

NYC FDD salary range?

like

What’s % will be appropriate to counter offer an offer? Salary that was offered is 10% less than market value.

like

I’ve been working in audit at PwC for about one year and have done two different busy seasons, and I’ve realized I’m not passionate about what I do. I’m thinking about leaving/transferring, but I have no idea what I can move to that isn’t audit. Does anybody have any recommendations as to what I should be looking for next?

like

In general, is it better to use a recruiter to find a new job, or just apply on your own?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy.

Already have an account? Log in

New to Fishbowl?

image with Fishbowl logo and arms reaching out for a handshake

Already have an account? Log in

By continuing you agree to Terms of Use and Privacy Policy.
Messaging rates may apply

For account settings, visit Fishbowl on Desktop Browser or

General

Legal