Sign-On Bonus

New
SXOD46

New

SXOD46
Apr 12 75 Comments

A startup is offering $5000 as sign-on/relocation, but there's a catch saying that if the employment is terminated, then I'm responsible for paying the full amount back to the company. Is this a usual practice?

It's my first time signing up with a startup! Please help.

#startup #bonus #sign-on

comments

Want to comment? LOG IN or SIGN UP
TOP 75 Comments
  • New
    Platypus1

    New

    Platypus1
    Huh usually if you stay longer than a year then you don't pay anything back
    Apr 12 8
    • New
      gilf0yle

      New

      gilf0yle
      Just donโ€™t pay them back if you leave. They ainโ€™t gonna do nothinโ€™
      Apr 12
    • New
      Shenzhe

      New

      Shenzhe
      When they pay us it's joining/relocation amount less taxes but when we have to return it has to be total amount( including tax). Confirm this with the HR.
      Apr 13
  • NVIDIA
    OxRT53

    Go to company page NVIDIA

    OxRT53
    Thatโ€™s shitty relocation assistance. Youโ€™ll get $2700 after taxes.
    Apr 12 10
    • Roblox
      naixolboR

      Go to company page Roblox

      naixolboR
      Whatโ€™s the current FMV of the options? Thatโ€™s how youโ€™ll know what they are worth now.

      Youโ€™ll be making money on the difference. If they claim that theyโ€™ll exit at 10x of their Series C valuation, then do your math based on 4-5X and then calculate your pay that way.

      $5000 is very little money in todayโ€™s money. $10000 seems more reasonable
      Apr 12
    • Amazon
      extrasoup

      Go to company page Amazon

      extrasoup
      5k is low af. I think mine was 65k with an additional 7500 relocation
      Apr 12
  • Adyen
    ๐Ÿ’bal

    Go to company page Adyen

    ๐Ÿ’bal
    You can usually ask the next company to cover that.
    Apr 12 0
  • Walmart
    ruCI37

    Go to company page Walmart

    ruCI37
    Clawbacks is standard for any company, not just startups.
    Apr 12 2
  • Amazon / Eng
    az-man

    Go to company page Amazon Eng

    PRE
    VMware
    az-man
    Thatโ€™s a very bad relocation package. Itโ€™s not even sign on bonus.
    Apr 12 0