Good Morning,
My friend did the bond with the company while joining, they (company) called it as service bond. The bond is for 2 yrs. on 100 Rs. stamp paper between HR person (company representative) and employee itself.
If leaves company before stipulated period, he should give six month salary to company.
He breaks the bond and join the new company. Now company asked to pay 6 month gross salary.
I want know that is it legal bond. Generally I heard that amount is basic pay only but this company ask to pay 6 month gross salary.
Please give your valuable suggestion.
As I want to help my friend. :( :(
From United States, Marina Del Rey
My friend did the bond with the company while joining, they (company) called it as service bond. The bond is for 2 yrs. on 100 Rs. stamp paper between HR person (company representative) and employee itself.
If leaves company before stipulated period, he should give six month salary to company.
He breaks the bond and join the new company. Now company asked to pay 6 month gross salary.
I want know that is it legal bond. Generally I heard that amount is basic pay only but this company ask to pay 6 month gross salary.
Please give your valuable suggestion.
As I want to help my friend. :( :(
From United States, Marina Del Rey
Hi
First of all I will suggest you to look into the bond agreement, if you are having the same, Find out what clauses they have incorporated in the bond, whether it is basic pay or gross salary?
Regards
Prasad
From India, Mumbai
1First of all I will suggest you to look into the bond agreement, if you are having the same, Find out what clauses they have incorporated in the bond, whether it is basic pay or gross salary?
Regards
Prasad
From India, Mumbai
When you sign the bond with any company please if possible then tear the bond the moment you sign it. When there is no bond no salary will be taken back and you can leave the company.
The other route to reach out of the company is that you go and inform the hr people and say them whatever you can do, do it and it will not make any difference to me.. Pull your socks and run away from there.
From India, Chennai
The other route to reach out of the company is that you go and inform the hr people and say them whatever you can do, do it and it will not make any difference to me.. Pull your socks and run away from there.
From India, Chennai
Good Morning Prasad,
Thanks for your reply.
In the bond they have written that we are given so & so salary to employee form this date.
And there is clause if employee brake the bond, he should give six month salary. But there is no clarification salry is basic or gross salary.
At the time of joining salary is different which is mention in bond paper.
And while leaving the company it was more than that. But the company is asking to pay amount which is last salary ( more than mention in boond).
Please give your valuable suggestion.
With regards,
Prashant
From United States, Marina Del Rey
Thanks for your reply.
In the bond they have written that we are given so & so salary to employee form this date.
And there is clause if employee brake the bond, he should give six month salary. But there is no clarification salry is basic or gross salary.
At the time of joining salary is different which is mention in bond paper.
And while leaving the company it was more than that. But the company is asking to pay amount which is last salary ( more than mention in boond).
Please give your valuable suggestion.
With regards,
Prashant
From United States, Marina Del Rey
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