New York S08822 prohibits employers from requiring employees to sign employment promissory notes and defines transferable credentials.

New York S08822 amends the labor law to prohibit employers from requiring employees to execute employment promissory notes. These notes, which require employees to pay employers if they leave before a certain period, are deemed unconscionable, against public policy, and unenforceable. The bill also defines "transferable credential" as a degree, diploma, license, or certificate that enhances employability in an industry. The act takes effect one year after becoming law, with certain sections aligning with the "trapped at work act.

New York S08822 prohibits employers from requiring employees to sign employment promissory notes and defines transferable credentials.

New York S08822 amends the labor law to prohibit employers from requiring employees to execute employment promissory notes. These notes, which require employees to pay employers if they leave before a certain period, are deemed unconscionable, against public policy, and unenforceable. The bill also defines "transferable credential" as a degree, diploma, license, or certificate that enhances employability in an industry. The act takes effect one year after becoming law, with certain sections aligning with the "trapped at work act.