Leaving eBay in first year. What's their sign on repay policy?
Received 50k sign on, only received 28.8k in hand after taxes. If I want to leave in next few months. Would the policy be I pay the whole 50k in cash transfer? This seems unfair if I have to come up with more cash than I actually received. #signingbonus TC: 225k YOE: 8
Youโre going to have to pay up that 50k lump sum and handle the taxes afterwards. What might save you some $$$ is if youโre contract has a repayment clause that splits the amounts you owe in 6 month increments. So for example if you received 50k for the first year and it says If you leave in less than 6 month you repay 100% of the bonus. And if you leave after 6 months but less than a year then you repay 50% and if you leave after a year you donโt have to pay anything.
Have you reached first year? I think 25k+ sign on are split 50/50. So if you didn't make it to 1 year, you owe all, year 1-2 you owe prorated amount iirc
thatโs the policy at several companies. You then file a tax form to get reimbursed for the remaining 50-28 k. You donโt actually lose any money (besides what youโre paying back)