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Showing results for tags 'early termination fee'.
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ddiaz4 posted a topic in Contracts, Negotiations & MalpracticeHello PA friends! I have an upcoming interview.... my very first one!!... and they were kind enough to send me the contract in advance. Reading through it I see an early termination clause in which I would be asked to pay FIFTY THOUSAND DOLLARS if I were to leave before the end of three years. I love longevity, but this is my first job out of PA school( and I don't graduate until December), and I don't have $50 much less $50,000. So that's a no. And there's not even a commensurate level of sign on bonuses (clearly no one is giving me 50k to sign on or any sign on bonus for that matter) and even if I figure that this is associated with the costs of having me as an employee like perhaps the total cost of three years worth of health insurance plus CME is 21k (no idea what it costs to add me to malpractice but I truly hope its not 29 Grand but who knows).... bottom line I don't know where this random 50k come from but still, no. Also, I have an illness that is currently controlled but that I worry about and so I really don't want to be bound to pay this especially if I can't work for some reason..... and of course I don't want to disclose this information and screw myself out of a job. But, can all this sad cluster be worked around? My gut reaction is: 1. go to this interview and see if it's even worth the fuss of steps below 2. get a lawyer to review this contract if the place seems on the up and up 3. reach out and see if they are willing to drop this clause. Are the steps above reasonable, is there another route you suggest, or is this whole thing just one huge red flashing sign screaming at me to not bother? Thanks in advance for your help!!