I'd say my only concern with what you're doing would be any Intellectual Property Agreement you may have with your employer. For example, the company that purchased the company I work for requires everyone to sign an IP Agreement basically stating that anything we create that is worth money while employed by them is owned by them. For some companies that means even if I'm a janitor and I work in my off-work hours on a cure for HIV, if I'm successful, the company owns it that vaccine and all profits gained. For others, it only includes things you do while "on the clock" or if they paid for your education/training.
If you have a contract, I'd read through it first, because he could be able to take legal recourse against you if you don't give him full rights to anything you made on the clock. I do hope everything works out for you though, but large companies can be real jerks about IP, especially if you plan to leave. If you don't have a contract, put your name all over everything.
The legalzoom.com idea also looks good for future projects. Its always good to have a thorough understand of who owns what when you work in an career field such as graphic design.
It's a very small company. No contracts were signed. Techinically I wasn't even hired to do graphics. I was hired to answer the phone, deal with teh customers, and accounts receivable.
To give you all an update on the situation:
I spoke to Hans today, about the hours cut. Conversation went something like this:
Me: So yeah, we discussed last month that I would be getting 25~30 hours a week.
Hans: Yup, I cahnged my mind. Now that you did all the graphics I needed I don't need you more then 18 hours a week.
Me: Well, I'm going to look for a new job then.
Hans: Okay, well can you do graphics for us part time?
Me: Yeah, but not for $10 an hour.
Hans: oh..
-_-; Fucker thinks he's gonna get his shit done for cheap..
Well i compressed all the work I did into 1 layer PDF's and I've taken all the original layered work. The staffing agency I go through has no clerical jobs available right now, but I'm just going to look for something on my own.
It really does suck because I enjoyed working here, but as I've already been screwed over pretty royally here, I think it's better I just cut my losses and try and find something else.
Thanks to all who gave me their input and advice on the matter.