The learned members/experts have given valuable suggestion. Kindly follow the advice and post the copy of bond. You can remove the names etc.
You have posted, clause in bond states “If i leave the company before 1 year I have to pay 100000(1 lakh).rupees as penalty” only. In case you resign without submitting notice of resignation and serving notice period, you are liable to pay penalty max for the shortfall in notice period.
However it shall be appropriate for you:
-To tender adequate notice period to current employer, as a professional gesture and help them to find your replacement, train your replacement, hand over the charge to reporting authority/designated employee, submit company property, and complete the tasks on hand. You should obtain acknowledgment of each and every item and record the minutes of each and every activity performed by you.
-Separate with a happy note. Build and maintain the rapport. World is small and one may come across each other.
- Consult the elders in the family, competent and experienced well wishers, lawyer/law firm before blindly signing on the dotted line.
One year is a reasonable good time an employer can expect an employee to stay.
Just because company had obtained internet connection and provided a computer to the employee and explained the systems and processes to handle the work of the company, and some sessions are conducted, does not imply that training is imparted which shall add to the qualification of the employee and hence employee is liable to pay back.
Moreover in case company has an education policy and employee is reimbursed the education expenses do not imply employee has to refund necessarily. Employee can mention he is applying for the approval and fee is not refundable by him to the company.
These sops e.g. cafeteria, canteen, gym, education allowance, are offered by the companies for its business interest to retain the workforce.
In case of unscrupulous employers, arm chair managers, employee can also attach a clause to each and every presentation submitted by him that it is conceived, developed by ………..(Name and address) and this can not be used, modified, altered, presented without the written approval from him.