Got an offer from a startup, they agree to pay what I need to give back if I leave, but I will need to provide written request from Oracle. How does your company ask you to pay back? In a check? What if you don't pay back?
You’ll get a letter from Oracle politely asking you for the money with instructions on how to submit the payment. Normally a check or wire. That letter is what the startup wants so they verify there’s a debt. If you ignore it, they’ll probably sue you and take you to collections. It’s such a streamlined process that they do it everyday I bet. I’m curious about something though: does anyone know if being taken to collections for this will impact your credit score?
Yes probably
I don’t think they’d sue you. That costs more money.
It would cost a lot less than if word got out that you didn't actually have to pay it back and everybody ignored it.
Are you kidding? With the fake news media, headline news - company sues employee for leaving. All that matters are headlines.
With oracle you will get a settlement letter .
What is a settlement letter? What if you just ignore it?
Your last salary will have cuts and it will go to collections for remained