Originally Posted by Texas Proud
Well.... congrats on the house...
As for the stay bonus.... how long do you have to 'stay'?
If you get 3 months for working 3 months.. sounds fair to me...
Until the completion or cancellation of a certain project which is expected to be November 1st but they can enact a one-time 60-day extension. If the project is cancelled or if I accept another position in the company before the completion of the project, then the bonus will be prorated to that point.
Given the size of the bonus, it is very much worth sticking around. However, it's hard to fight the emotional feeling of being free to move about the country.
The company is trying to go through some cost-saving measures now. If it weren't for the fact that it'd paint a big 'hey, fire me' target on my forehead, I've thought about going to my director and offering an extended transition (2 months) in exchange for a prorated portion of the bonus now. The net effect for them is that they save quite a bit, but they don't know that since they don't know I'm bailing in in the fall.