Say you will be offered an after-tax salary of $40,000/yr. You also need to be trained on type. The employer deducts 1/24 the cost of training from each paycheck, to be paid as a bonus after 24 months of service. If you leave before 1 year is up, no bonus. If you leave between 1 and two years, you get 1/3 the pro-rata bonus.
So if your training cost $5,000 you would take home $3,100 per month for two years instead of $3,300 a month - at the end of two years you get the $5,000 check
If your employer terminates your employment in the first two years for cause (as outlined in the P & P manual), no bonus. If your employer terminates your employment for any other reason, you get the pro-rata bonus for every month of service.
Last edited by Flingwing207; 25th May 2006 at 15:00.