How to break a employement bond signed with any company.
My self Vishal. I have joined ABC Company in April-2014. In June 2014, company has sent me to Europe on deputation for a period of one year. But there is a bond signed on company letter head (Not on bond paper or any legal official letterhead) that I cannot leave the organization for at least two years after rejoining the organization returning to India. Else I have to pay the expense cost of my foreign training/deputation, which is approximately 2 lakhs. But I really don’t like my current profile and I strongly feel to leave the organization after returning to India. What I suppose to do if I want to leave the organization earlier than the stated period of two years. Is it legal to sign a contract on company letter head? Do I really need to pay the amount to company as stated in bond? I am ready to train all other colleagues, with training which I have gained during the foreign assignment. It will take only six months for me to train the other colleagues. more
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Going by the facts presented by you, it appears that you should not backout on your commitments. After all you signed the so called bond paper out of your own will as a condition for taking up your employment/ assignment. Law may not be against your leaving the organisation, but ethics and commitments are also one thing which you should honour. In case organisation has backed out on their commitments or have not been transparent in their dealings with you, then you may evaluate the situation yourself based on the circumstances. All the best and may your wishes and dreams come true. more
Mar 03
Dear Vishal, Stay with the company till you complete your obligations. Not satisfying or complying with greed terms may have a negative impact on you future pospects and also reflect on your intentions since you took up the assignment knowing all the facts. more
Feb 28
Vishal, The company spent money and time to train you abroad so that you will be a better employee for them. They had trust in your abilities. You were with the company for at least 4 months before it was decided to send you abroad and at that time you were also keen to get training and remain in the company. You also knew that you have to serve the company for at least 1 year after completion of the training. and you were really agreeable to that condition then. What is it that makes you feel that the company is not going to help you to be a better employee. Was there some incident that has created this new animosity. Even if that is the case irrespective of whether the bond was in a stamp paper or not morally you are bound to continue for one year. You can be a good and honest person if you now approach the company and request them to relieve you from your bond . If they insist on completion of the bond period then try to complete it. After all you are really willing to stay for 6 months to train others. why not continue for another six months and leave in good taste and good and mutual respect for each other. After all it is only a period of six months more and leaving with a cordial relation is always the best way to leave. think over well and decide. Do not make any disrespectful remarks etc on any body during this period. It is always better to leave any organisation in good grace and with respect to each other. This is my frank and honest suggestion to you. Good luck to you in your future asignments. kamath 26 February 2015 more
Feb 26
As per the labor laws in India there can be no bond for an employee. Consult a lawyer, draft a notice and send it to the company. This should not charge you more than 500 Rupees. more
Feb 25
Dear Vishal, I would advise you to avoid legal hassles. It is more of a moral issue. If the pre-conditions were known to you before embarking on company's training tour to Europe and didn't disapprove of it then, why now? It is obvious, isn't it? It shall help your profile to show that you remain loyal to your employer and properly return the investments made in you by employer. I do not know which age bracket you are in. But in long term, short stints with employers does not help subsequently, especially when you are at higher end of the ladder. I am, too, a 1978 graduate chemical engineer. With best wishes., more
Feb 25
