I intend on resigning from my current job but am hesitant due to there being potentially large fees to pay on leaving. I'm in an ACA training contract currently and finished my last exam November 2018.
My training contract states that my current firm can "recover all or part of the study fees if I leave employment within two years of them incurring the costs".
My initials interpretation of this is that they can recover everything in the last two years (so back to September 2018, as intended leave date is September 2020). My concern is they will interpret this as recover all costs incurred for the ACA exams (started these September 2016).
Would they be able to recover the entire cost? I would only be 2 months away from being completely free (the offer I have is very good and I really don't want to pass it up). The difference in costs is £17k total and £5k in the last two years.
From the reading I've done it seems like my current firm would have a hard time justifying recovery of £17k based on there being no attempt to estimate losses incurred by them of I leave (I.e do they really expect those two extra months to recover the total fee). But I'm worried and curious for people's thoughts on how this will/should be interpreted.
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My training contract states that my current firm can "recover all or part of the study fees if I leave employment within two years of them incurring the costs".
My initials interpretation of this is that they can recover everything in the last two years (so back to September 2018, as intended leave date is September 2020). My concern is they will interpret this as recover all costs incurred for the ACA exams (started these September 2016).
Would they be able to recover the entire cost? I would only be 2 months away from being completely free (the offer I have is very good and I really don't want to pass it up). The difference in costs is £17k total and £5k in the last two years.
From the reading I've done it seems like my current firm would have a hard time justifying recovery of £17k based on there being no attempt to estimate losses incurred by them of I leave (I.e do they really expect those two extra months to recover the total fee). But I'm worried and curious for people's thoughts on how this will/should be interpreted.
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