Suppose a company were to specify, in a contract, that a candidate is bound to remain an employee, with all the work obligations that come with the role, unless and until one of two things happens:
- The company terminates the contract in writing,
- Circumstances entirely outside of the employee's control results in the employee's death.
Additionally, they throw in a penalty specifically designed to deter termination - such as now OWING the company money, as opposed to being paid. For example, you quit, and now you have to pay back all of the money we paid you throughout your employment here.
Would such a contract be legally enforcible?