Waiver of bond query

naresh (Querist) 12 August 2013 This query is : Resolved
I have asked the co for waiver of bond.I got following reply from co:-

This is to inform you that in lieu of Indemnity and Surety Bond executed by yourself, the
company reserves its right to pay you salary for 20 days during which you have served the
company.

What does this means?Are they waiving off my bond and agree to give me salary for period served.

Follow Query

Report Abuse

malipeddi jaggarao (Expert) 13 August 2013
Clause is not clear. You can as well as the company what it is.

Rajendra K Goyal (Expert) 13 August 2013
Not very much clear clause. On e meaning may be that they may or may not pay salary (reserve the right) for 20 days in lieu of bond.
This may be used for defining it in your favor in dispute.

naresh (Querist) 14 August 2013
Actually I have made a request to co for waiver of bond.In reply to my request co replied as stated above.I just want to know whether I am entitled for salary since there is nothing there in contract that co can hold back my salary.Please advise

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries