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What Is a “Stay-or-Pay” Provision? A “stay-or-pay” provision, also known as a training repayment agreement provision (TRAP), is a portion of an employment contract that requires employees to repay certain expenses if they leave their employment before a designated time.…
Some employers may be misleading employees or job applicants by including Training Repayment Agreement Provisions (TRAPs) in their employment contracts. These clauses require workers to repay the cost of training if they leave before a certain period—often for training that…
Shub Johns & Holbrook LLP has filed a proposed class action lawsuit against Transamerica Life Insurance Company, alleging that the insurer unlawfully charges variable annuity contract holders premium taxes when they surrender their contracts before the annuity date. The lead…
Shub & Johns invesitgates Rent-to-Own Companies Shub & Johns launches investigation against rent-to-own companies that are misleading renters and homeowners across the US by engaging in potentially deceptive practices that may be violating several laws across the States. Some rent-to-own…
Careful! It’s a TRAP
Training Repayment Provisions are plaguing the Modern-Day Workforce
Many would believe that being trained to do your job correctly is a part of the onboarding process, but some employers would consider training new employees to be a luxury. More and more employers are finding ways to lock their…