Employment bond- very urgent
Kamini
(Querist) 27 July 2017
This query is : Resolved
Hi my husband is working in a french based investment bank, 2 months back he was sent on some project on-site in Luxembourg for 2 months when he was about to leave , he was asked to sign a bond and told you have to 50000 thousand if u leave organization before 1 year from now. Now he got the better opportunity and ready to serve 2 months notice and ready to pay 50000 but now they are saying you are liable to pay entire trip cost somewhere around 10 lacs. Where in the agreement it is mentioned that liability of the damage and cost to the company will be not less and more than 50000. They contradicting their statement and trying to confuse and scare us. Please suggest, my husband doesn't want to lose new opportunity becos it is like once in a life time..pls it's urgent
Kamini
(Querist) 27 July 2017
Kindly give ur advice
Rajendra K Goyal
(Expert) 27 July 2017
The bond has been signed and agree hence bound by the terms of it.
Full bond language need to be referred. Show the bond to some expert and discuss.
Kumar Doab
(Expert) 27 July 2017
Saying, telling asking, said, asked,told etc are all verbal modes of communication.
Has payment of Rs.10Lac been asked in writing?
Kumar Doab
(Expert) 27 July 2017
Does he have copy of said Bond?
If it was trip for project on site then his service might have been billed and he might have rather generated revenue?
Was it some certified training?
Kamini
(Querist) 27 July 2017
They wer asked and they have mailed the amount in written. They have mentioned training in bond but he was sent for on-site project. I am attaching mentioned clauses
Kamini
(Querist) 27 July 2017
Unable to attach copy of bond
krishna mohan
(Expert) 28 July 2017
If deputed on tour or on site assignment they can not claim as a matter of right as the purpose is served. He is liable as per bond only. You can consult a legal expert specialized on service matters to peruse the bond and guide properly to get relief. Alternatively discuss the issue with the new employer with facts and if they are willing to accept joining after servicing proper notice pending resolution of bond/money issue, you can attempt that so that his career aspiration is fulfilled.
Kamini
(Querist) 28 July 2017
Thanku sir to all of you for ur concern
