If employee resign on 1st Feb after bonus is received in his bank account, will Citi claw back the bonus?
5 replies (most recent on top)
If you can put off resigning until April, you would be better off. Take it from our retirees. I've never known anyone to retire in the 1st quarter due to possible bonus, retroactive pay raise and 401K match.
You will only have to pay it back if it is your first year bonus and you negotiated a guarantee bonus. I think just directors and higher but I am not 100%.
Only if you have anything in your contract saying you have to be here a certain amount of time, but you should be fine. Triple ready your contract if you have one.
Only if they initiate a disciplinary action in the meantime... If you are laid off based on cost cutting you should be good to go.
No. U r good