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Asking for a friend. He received offer from Disney recently and they offered 40k sign on bonus. Offer letter states that if you voluntarily terminate from the company within 12 months, you will be responsible to payback signing bonus. His work permit (L2) expires in exactly 11.5 months of joining date. Does this mean that he has to payback singing bonus after his work permit expires ? #disney #disneycompensation His TC: 190k
Isnt Disney is all set to layoff employees? Why he is still considering to join?
He resigned his current company and rejected the other offer he had before the news came :(
Oh no! Hopefully this works out for him. Good luck
Check if the offer letter states prorated amount or full? Varies from company to company
Offer letter says entire amount. But for 0.5 months wouldn’t they consider is my doubt? Recruiter is saying good things on phone and not answering to this question on email.
Depends. And it’s not that they are going to leave the company voluntarily. It’s becoz of visa issues. So I think they don’t need to return it. But you never know
They can't renew the L2?
He is going for h1b next year but the conversion may lead to some gap. That’s the worry.
Disney is very disorganized, I wouldn’t worry about them coming after such a small amount.
This
They probably won’t know you haven’t worked there for a year
Disney should be aware of his permit status and will probably sponsor to move him to an H1B. I would just encourage him to communicate with his leader and HR rep so they be on top of it.
Thank you
Reach out to Global HR Operations for assistance.
Can he contact them before joining the company?
Ohhh. That's a tough one to answer. It's very likely they only need to pay back a prorated amount
Thats correct. If ur friend has to pay then it will be prorated
And I doubt they'd even have to pay back the prorated amount. Doubt the company will chase them for like $1600 bucks lol