If there's a relo, the 24 months is from the transfer date or upon signing date? My signing days is 2 month after my transfer date
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100k relo for director level on a (2) year contract... not pro-rated. Welcome to being a trapped rat. Your primary objective is to try to keep the ship from sinking further as the rest of the rats keep leaving the ship en masse.
Be prepared to fork over that 100k plus taxes once you hit the (1) year mark. If you ever wanted to see what a ship looks like as it is burning and sinking at the same time then surely this is the opportunity for you.
I will be coming from overseas to Atlanta as a director and become also a fellow later what is the usual relocation package?
I have never seen 2 years contract in industry. It’s very much for 1 year. They will always exploit their employees, suppliers and customers.
Depends on how long it takes you to train your bangalore replacement.
Get that done in first six months and you are first in line for relocation forgiveness.
Just remember you are replacing someone who left for a reason.
You definitely were not hired to work on shiny new designs.
It's on the signing date not the transfer. I had to do this and you can even clarify it with your relocation coordinator. Regardless if I was in your shoe I would never accept a relocation package ever again weather this company or any other. You pretty much locking yourself with a high possibility that you will hate the job and want to leave and have to pay it all back as well as the taxes.
24 months after signing date. I believe they did that on purpose. Mine was a month after acceptance.
Always assume what would be worse for you
OP: Yea, you are signing a binding contract. Talk with a legal professional to understand what you are agreeing to. @jvh is correct in that many of the terms of the contract are negotiable. I've done it twice and an attorney advising me was well worth the cost.
@ipt is correct and I'm chuckling at his reply. You might consider talking to an employment attorney to review the relocation contract if you haven't signed it yet. Just about everything in it is negotiable. Most of them will give you 20-30 minutes free at the initial visit.
You're asking a website called "The Layoff" for this type of advice? That's about as smart as asking the drunk guy next to you in a bar how to invest in the stock market.