Company promisary contracts ?

siddaway

Hi

If I sign a promisary note with my present company as they are willing to pay my open university fees is there any chance that if I leave in a years time for example that they can actually make me pay back the cost of the course ?

I understand it is basically a contract but im not sure wether it is fully binding as surely it places an employee in a awkward situation ie if the company turns to not treating its employees reasonably then the employees who would owe the company money are not really free to leave ! or even if someones circumstances change it could prove very difficult

any advice appreciated ....

Andy

reddevilled

I would have thought that if you sign a contract to say that you will stay for X amount of time and then you don't, then the company will be quite within their rights to ask for a level of compensation.

If, for example, I went on secondment with my company I would have to stay for 6 months after otherwise they demand repayment of your air fares. I believe that this completely normal and ok.

Lyndsay_21

i know when my friend did some training that her work paid for she had to stay on for a year after she'd completed the course or she'd have to pay the money back, its worth asking someone in the company there policy so your on the safe side