Relocation Bonus Contract Dispute

Summary

Your original contract terms are binding, and any new terms, such as an interest rate, generally require mutual agreement. You can negotiate to have the promissory note reflect the original terms or refuse to sign if you disagree. Consider consulting a local attorney for personalized advice.

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I asked for a promissory note that reflects my original contract terms, including the prorated repayment without the mention of the interest rate, and I was told to either accept their terms and conditions of prorated amount and interest rate of *%, or decline the bonus. Am I entitled to the relocation bonus as it's described in my original contract? Do I have to sign their promissory note with new terms and conditions?
It sounds like you're in a tough spot with your employer. Here are some key points to consider:
- Your original contract terms are binding.
- Any new terms, like adding an interest rate, typically require mutual agreement.
- You can negotiate to have the promissory note reflect the original terms, or refuse to sign if you disagree.
Would you like assistance connecting with a local attorney to explore your options further?