Can an Employer Make a Veterinarian Pay Back a Signing Bonus?
Here’s a valuable tip for practice owners: Want to ensure a veterinarian stays on board after receiving a signing bonus? You absolutely can—just make sure your contract is structured the right way. In this guide, Can an Employer Make a Veterinarian Pay Back a Signing Bonus Signing Bonuses is explained with clear steps and tips. Offering a signing bonus is a great way to attract new graduates or vets relocating for a new role. But to protect your investment, it’s essential to include a repayment provision in the agreement. There are typically three effective ways to do this: Full Repayment Clause – If the veterinarian leaves or terminates the agreement within 12 to 24 months, they must repay the full signing bonus. Prorated Repayment Clause – If the vet departs within that same time frame, they repay a portion of the bonus based on how long they remained with the practice. Forgiveness Schedule – The bonus repayment is gradually waived over time, often monthly, until it’s fully...