hi,
i have joined an organization last year october. at the time of joining i have signed a bond of Rs.100,000/- for one year period. If I break the bond i have to pay the above said amount. Also the company policy says that notice period will be 2 months. The momemnt i have started my career here I have noticed that nothing is as per hierarchy. the position i have joined isn't what the worth it supposed to be. i tried to communicate with HR and higher management and see no results from their end. so i decided to leave the organization and put down papers. Its over one month and management didn't approve my resignation till now. i broke the bond and left the organization with out serving the 2 months notice period.
Will it cause me to go thru the legal issues or Can I defend it in court the way organization has treated me and my position.
Thanks,
Ram
From India, Narsapur
i have joined an organization last year october. at the time of joining i have signed a bond of Rs.100,000/- for one year period. If I break the bond i have to pay the above said amount. Also the company policy says that notice period will be 2 months. The momemnt i have started my career here I have noticed that nothing is as per hierarchy. the position i have joined isn't what the worth it supposed to be. i tried to communicate with HR and higher management and see no results from their end. so i decided to leave the organization and put down papers. Its over one month and management didn't approve my resignation till now. i broke the bond and left the organization with out serving the 2 months notice period.
Will it cause me to go thru the legal issues or Can I defend it in court the way organization has treated me and my position.
Thanks,
Ram
From India, Narsapur
Dear Ram,
In all cases, the company / organization you work with reserves the right to file a case against you as you have signed an agreement with them. Employment contract and/or any other agreement signed by you and the company you worked for is a binding contract between you and your employer.
Normally, the notice period is 1 month, however, serving a notice period of 2 months is valid as long as it is mentioned in your contract.
I suggest you go back with all the agreements you signed. Seek lega; advise as well. Should you violate any terms and conditions of your agreement, I suggest you seek amicable settlement with your employer.
Hope this helps.
Regards,
Genn
From United Arab Emirates, Abu Dhabi
1In all cases, the company / organization you work with reserves the right to file a case against you as you have signed an agreement with them. Employment contract and/or any other agreement signed by you and the company you worked for is a binding contract between you and your employer.
Normally, the notice period is 1 month, however, serving a notice period of 2 months is valid as long as it is mentioned in your contract.
I suggest you go back with all the agreements you signed. Seek lega; advise as well. Should you violate any terms and conditions of your agreement, I suggest you seek amicable settlement with your employer.
Hope this helps.
Regards,
Genn
From United Arab Emirates, Abu Dhabi
Bond is illegal. Therefore, the company can not move legally against you if you do not pay the agreed amount. Regarding notice period or payment in lieu of notice period, there should be such provision in your certified Standing Orders and notice period as mentioned in appointment order can not be treated at par with statute. However, fighting with the company may not yield anything to you but may harm you in your career. Therefore, you can have a settlement and get relieving order in proper order itself. Nevertheless, if the company insists you to pay the bond amount, defend it.
Regards,
Madhu.T.K
From India, Kannur
Regards,
Madhu.T.K
From India, Kannur
Bond will be illegal if the employer will ask for an amount of money to the employee that is not clearly stated in their employment contract.
As mentioned, any document signed by the employee and the employer is a binding contract between them. For such cases, the employer pursue legal action against the employee.
The employee must first go back to the agreement they have signed and seek amicable settlement.
Regards,
Genn
From United Arab Emirates, Abu Dhabi
As mentioned, any document signed by the employee and the employer is a binding contract between them. For such cases, the employer pursue legal action against the employee.
The employee must first go back to the agreement they have signed and seek amicable settlement.
Regards,
Genn
From United Arab Emirates, Abu Dhabi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Withdrawl of Resignation and Notice period.doc
Resignation-Not ice Period- T._Purushotham_ Reddy_vs_United _India_Insuranc e_Company_..._o n_21_Nove.pdf