employment bond breaking in initial year.plzzz help
Querist :
Anonymous
(Querist) 21 July 2011
This query is : Resolved
Hi
I m working with a KPO company.I have entered into a bond agreement with company for 2 years of 2 lacs.It is not on
stamp paper.There is no bank gurantee.Its on general company letter head.The bond mentions amount to be paid to
company as liquidated damages.Bond conatains the clause that it is compensation not penalty(Company is charging this
because they have spent on training etc).I haven't attended in any training till now and haven't engaged on any live
project.I have been there for 1 month nine days(since 6 th June 2011) and taken the salary for the first month..Due to
medical reasons i can't proceed furthur with my job as i need rest.Plus i m not comfortable with the job.I dont want an
experience or reliving certificate.Would this bond create a problem if i want to leave this job.
Please reply as soon as possible
Would be heartly grateful..
Anonymous
ajay sethi
(Expert) 22 July 2011
generally company take bond from employees as company has to spend huge amounts of money on training the employee. in your case you have stated that company has not sent you for training purposes . it would be difficult for company to execute the bond in case document is not stamped as an unstamped doucment is inadmissible in evidence . further company cnanot claim compensation for training etc when they have not sent you for training purposes
