Do I get to stay with my anniversary employment date if the company that I worked for was sold to new owners?

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Do I get to stay with my anniversary employment date if the company that I worked for was sold to new owners?

We have new owners but it’s the same corporation. I have been working there for 4 years and now when vacation comes I get 2 weeks. Can my new owners restart my anniversary date? I don’t want to loose my 2 weeks since I’ve been here a long time.

Asked on February 16, 2016 under Employment Labor Law, Tennessee

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 5 years ago | Contributor

Yes, the new owners can change your anniversay date, or otherwise change how they calculate how much vacation you get, at will, unless you have a written employment contract setting this out (if you do, they have to honor its terms). For that matter, if you did not have a written contract, the old owners could have changed how they calculated vacation or how much vacation you had at will, too--when there is no contract, employers may freely change compensation, including vacation time, whenever they want.


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