Hope you're all doing well. This would be my first post on CiteHR, so bear with me.
I am a CS graduate of this year(2020) and was hired during campus placements at an MNC(Not named here for privacy purposes), initially for an internship that lasted 6 months and started in January of this year and concluded in June of this year. And then after a brief break in between due to COVID-19, the interns along with me were onboarded at the beginning of this month i.e October. ( which was initially supposed to happen in August in the absence of the pandemic)
My career plans are to pursue Masters and want to do that in the fall of 2021 i.e September 2021
The offer letter lists following clauses:
1. You will be on probation until your successful completion The normal probation period is 1 year but may be extended or confirmed earlier based on performance. At any time during your probationary period, either you or the Company may terminate your service by giving 30 days notice or basic salary in lieu thereof.
2. Upon completion of probation period and confirmation as a regular employee, you or the Company may terminate your service at any time by giving 90 days notice or basic salary in lieu thereof.
3. Your offer is contingent upon you agreeing to authorize the company to recover a sum of INR 100000 as cost incurred towards your training during the course of your employment, in the event your services with the company are terminated for whatever reason, including your resignation from services, within a period of 12 months from the date of your joining the company or if you are absconding from work for a period of 8 days which will lead to eventual termination of your employment.
Am I required to pay the penalty? How do carry out in a way that is in both of interests of me and the company? I want to do it a genuine way because of my legal situation.
Please reply to me earlier or direct me to further resources or platforms.
Thankyou in advance
From United States, Chicago
I am a CS graduate of this year(2020) and was hired during campus placements at an MNC(Not named here for privacy purposes), initially for an internship that lasted 6 months and started in January of this year and concluded in June of this year. And then after a brief break in between due to COVID-19, the interns along with me were onboarded at the beginning of this month i.e October. ( which was initially supposed to happen in August in the absence of the pandemic)
My career plans are to pursue Masters and want to do that in the fall of 2021 i.e September 2021
The offer letter lists following clauses:
1. You will be on probation until your successful completion The normal probation period is 1 year but may be extended or confirmed earlier based on performance. At any time during your probationary period, either you or the Company may terminate your service by giving 30 days notice or basic salary in lieu thereof.
2. Upon completion of probation period and confirmation as a regular employee, you or the Company may terminate your service at any time by giving 90 days notice or basic salary in lieu thereof.
3. Your offer is contingent upon you agreeing to authorize the company to recover a sum of INR 100000 as cost incurred towards your training during the course of your employment, in the event your services with the company are terminated for whatever reason, including your resignation from services, within a period of 12 months from the date of your joining the company or if you are absconding from work for a period of 8 days which will lead to eventual termination of your employment.
Am I required to pay the penalty? How do carry out in a way that is in both of interests of me and the company? I want to do it a genuine way because of my legal situation.
Please reply to me earlier or direct me to further resources or platforms.
Thankyou in advance
From United States, Chicago
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.
Non-compete clause in service contracts.pdf
Non-compete Clause of Infy.jpg
Confirmation Format (Probation).xls