But IBM filed suit against Zolet in a Maryland court on the 3rd of September, claiming that under the terms of his employment he had to return $350,000 he nabbed as part of a “golden hello” on his employment.
According to the filing, Zolet refuses to reimburse IBM for the amount of the sign on bonus.
IBM started to lure Zolet into its web in Spring 2009, and offered him a job on May 27th 2009 with a base salary of $435,000, a target bonus of $175,000 and equity worth $375,000. It also gave him a sign on bonus of $350,000.
But as part of the package, the offer letter said the bonus wouldn’t be earned by Zolet unless he stayed with Big Blue for two years. Zolet resigned IBM in June 2010, and IBM is claiming that he worked for it for less than two years and so had to return the $350,000.