Results 1 to 2 of 2
  1. #1
    Join Date
    Aug 2008

    Default Relocation Agreement

    My question involves labor and employment law for the state of: North Carolina.

    I relocated to the state of North Carolina to work for Company X in 2007. The agreement per company policy is that I am currently bound to repay 50% of the value of the relocation benefits if I leave prior to June of 2009. This stipulation is also in my offer letter from Company X.

    Company Y recently entered a formal agreement to purchase Company X. Experts are estimating that it will take anywhere from 6 months to a year for the deal to be executed.

    My first question is, at this point in time, am I still bound by the relocation agreement, since I relocated to work for Company X, not "Company X Under Purchasing Agreement From Company Y?"

    My second question is, when Company X becomes absorbed into Company Y, will my relocation agreement with Company X become null and void? Again, I uprooted my family to work for Company X, not Company Y, and it is Company X's name on the offer letter.

    Thanks in advance for your help.

  2. #2
    Join Date
    Jun 2006

    Default Re: Relocation Agreement

    We cannot answer either of your questions since the first depends on the exact wording of the agreement and the second depends on the exact wording of the agreement AND the terms of the sale.

    You will need to have it reviewed by an attorney in your state.

    1. Sponsored Links

Similar Threads

  1. Rental Agreements: Job Relocation
    By dalasdon2000 in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 04-17-2011, 06:44 PM
  2. Relocation From California
    By melissavit in forum Worker's Compensation
    Replies: 1
    Last Post: 12-09-2007, 07:34 AM
  3. Agreement to Drop Child Support, and Relocation With the Child
    By broker85 in forum Child Custody, Support and Visitation
    Replies: 4
    Last Post: 09-12-2007, 04:11 PM
  4. Breaking a Lease: Job Relocation in Michigan
    By StateLady in forum Landlord-Tenant Law
    Replies: 1
    Last Post: 09-11-2007, 05:06 PM
  5. Getting Fired: Florida Relocation Payback Agreement After Job Termination
    By uk_dave in forum Employment and Labor
    Replies: 1
    Last Post: 05-22-2007, 11:41 AM
Sponsored Links

Legal Help, Information and Resources