Dear Sir,
I am employed in a multinational company, and upon joining, they had us sign an indemnity bond worth 5.5 million rupees. The terms of the bond were that the company would try to arrange training for two years (it may be more or less), and after certification (indicating complete training), I would have to work for an additional three years.
It has been two and a half years, and the training is still incomplete and unlikely to be finished in the next few years. During this time, we are mostly idle in the office, meaning we are doing almost nothing. This situation is quite dire for me as I was unaware of this before signing the agreement. While the company is attempting to complete our training, they are mostly failing to do so. Additionally, my pay has not been updated (currently very low compared to my colleagues in the same job) as they claim I am non-productive at the moment.
The dilemma I face is that I cannot be productive before completing my training, and on the other side, they are failing to arrange adequate training for us.
Thank you.
From Pakistan, Karachi
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1I am employed in a multinational company, and upon joining, they had us sign an indemnity bond worth 5.5 million rupees. The terms of the bond were that the company would try to arrange training for two years (it may be more or less), and after certification (indicating complete training), I would have to work for an additional three years.
It has been two and a half years, and the training is still incomplete and unlikely to be finished in the next few years. During this time, we are mostly idle in the office, meaning we are doing almost nothing. This situation is quite dire for me as I was unaware of this before signing the agreement. While the company is attempting to complete our training, they are mostly failing to do so. Additionally, my pay has not been updated (currently very low compared to my colleagues in the same job) as they claim I am non-productive at the moment.
The dilemma I face is that I cannot be productive before completing my training, and on the other side, they are failing to arrange adequate training for us.
Thank you.
From Pakistan, Karachi
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Dear Mudassir,
Please refer to the following link. Hope it helps!
Free legal advice India
Regards, Kanika Kapoor
From India, Delhi
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Please refer to the following link. Hope it helps!
Free legal advice India
Regards, Kanika Kapoor
From India, Delhi
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Hi Kanika,
Do you know of any situation where an employee broke the indemnity bond and still remained safe? I do not want to personally break this indemnity bond, but on the other hand, I might have to jeopardize my career. Please provide legal advice; it would be greatly appreciated. The link is not working.
Thanks,
Muddasir Masood
From Pakistan, Karachi
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Do you know of any situation where an employee broke the indemnity bond and still remained safe? I do not want to personally break this indemnity bond, but on the other hand, I might have to jeopardize my career. Please provide legal advice; it would be greatly appreciated. The link is not working.
Thanks,
Muddasir Masood
From Pakistan, Karachi
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Dear Muddasir,
Which nation does this firm belong to, and where was the bond signed? The laws of the land will remain valid. This firm seems to be either an NBFC or software. Sectoral laws would remain a point of reference.
I am mailing this to a corporate legal expert in India. Let's get connected to someone from the nation where you signed your bond.
From India, Mumbai
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Which nation does this firm belong to, and where was the bond signed? The laws of the land will remain valid. This firm seems to be either an NBFC or software. Sectoral laws would remain a point of reference.
I am mailing this to a corporate legal expert in India. Let's get connected to someone from the nation where you signed your bond.
From India, Mumbai
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It would be necessary for you to upload the document/bond to analyze its legality. You can block certain personal information/company name, etc., in case you are not comfortable disclosing it on the forum.
From India, Chennai
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From India, Chennai
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Dear Muddasir,
I second Z.N. Hansi, please share the details of the case. The leader I wrote to asked for case details. Please remove the name of the company and names of the people to maintain privacy.
Looking forward to hearing from you.
From India, Mumbai
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I second Z.N. Hansi, please share the details of the case. The leader I wrote to asked for case details. Please remove the name of the company and names of the people to maintain privacy.
Looking forward to hearing from you.
From India, Mumbai
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Without seeing your bond, it is difficult to say. In addition, most of the members here are from India, and the laws here would differ from Pakistan. However, our laws are derived from British and share a common heritage, so chances are that contracts and torts will be the same as ours. They have promised you training and taken an indemnity bond to defray the cost of the same. However, the training was not provided. So, since the condition, which is the central consideration for the contract, is not fulfilled, the contract and bond are void ab initio. Meaning you are not bound by it. You can resign and leave. I doubt if any court of law will force the employee to follow the terms of a bond when the employer has not done his part.
From India, Mumbai
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From India, Mumbai
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I agree with the general observations of Saswat, as given above. This is a one-sided bond, unfair, and oppressive; moreover, the company has not even fulfilled its side of the bargain. The prospective employees are forced to sign such bonds under financial duress and not out of their free will. The penalties are not commensurate with the benefits offered. In my opinion, such bonds will not stand the scrutiny of the courts of any developed, democratic country.
Warm regards.
From India, Delhi
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Warm regards.
From India, Delhi
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Dear All,
Thanks for your valuable comments.
@ Z. N. Hans and (Cite Contribution), I am attaching this agreement here for your reference and support. It will be really appreciable. Thanks for your comments too.
@ Raj Kumar and Saswat: They sent me for the training, but the bond is tied to certification, and this certification requires extensive training to be done by me. However, my employer has failed to provide me in due course of time (two years as mentioned in the bond, but they included the term "be it more or less" to keep them safe), it's not in the mid-way. They told us that we will be extensively and continuously deployed onto many projects to learn before getting certification, but they hadn't done so. We received one training after sitting idle for six months and then another onsite training, which is project-based, was done after almost one year. We don't know how long we may be waiting for the next project. Six months have passed up to now.
I have also attached the agreement for your reference and will be looking for your kind advice on it. From my perception, this bond is greatly biased on the employer's side. We hadn't noticed this at the time of signing, and moreover, we aren't in a position to negotiate. It's either sign or leave.
Regards,
Muddasir Masood.
From Pakistan, Karachi
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Thanks for your valuable comments.
@ Z. N. Hans and (Cite Contribution), I am attaching this agreement here for your reference and support. It will be really appreciable. Thanks for your comments too.
@ Raj Kumar and Saswat: They sent me for the training, but the bond is tied to certification, and this certification requires extensive training to be done by me. However, my employer has failed to provide me in due course of time (two years as mentioned in the bond, but they included the term "be it more or less" to keep them safe), it's not in the mid-way. They told us that we will be extensively and continuously deployed onto many projects to learn before getting certification, but they hadn't done so. We received one training after sitting idle for six months and then another onsite training, which is project-based, was done after almost one year. We don't know how long we may be waiting for the next project. Six months have passed up to now.
I have also attached the agreement for your reference and will be looking for your kind advice on it. From my perception, this bond is greatly biased on the employer's side. We hadn't noticed this at the time of signing, and moreover, we aren't in a position to negotiate. It's either sign or leave.
Regards,
Muddasir Masood.
From Pakistan, Karachi
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Indemnity Bond - Format.doc