Breaking a two year contract
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Last month I completed the first year of a two year contract with a hospital. When I signed the contract I received a $3000 sign on bonus.
I enjoy the hospital I work for and I enjoy the unit and staff I work with, but this hospital is not in the ideal location for me. When I started working for this hospital, i was living with my parents and couldn't afford to move. But after a year of working, I've saved money to move to an area I've always wanted to live in.
Today, I called our hospitals HR office and asked what would happen if I broke the contract. They said that as far as the the money goes, I wouldn't have to pay anything back. I was part of a new RN resident program and I was asked to sign the following statement.
It is expected that the Resident will agree to commit to one and one half years of full-time employment as a registered nurse under the Medical Center's regular terms of employment after completion of the Residency. It is important to understand that employment is contingent upon satisfactory performance in the judgment of both the Medical Center and the Nursing Division
I guess I'm unaware of the consequences of breaking this contract. I just don't want to the breaking of this contract to reflect negatively as a search for new employment.
I don't NEED to quit this job today, but I'm trying to take the steps I need to live the life I want. Any light you can provide would be truly appreciate it.