Service bond
Tarun Sati
(Querist) 06 July 2012
This query is : Resolved
What are the legal implications if an employee who has signed the Service Bond leaves the service before expiry of contracted period.
In the service bond following clause is mentioned:
"in the event i leave the service before completing two years, I will pay to the Company a sum of Rs. 50,000 as the cost involved under training and recruitment"
pls guide can the employee leave service before contracted prd without payment of bond amt.
Guest
(Expert) 06 July 2012
No scope of leaving without paying bond amount, unless the bond proves to be violating any service law or has some contradictory provisions in itself for which the whole of the text/language of the bond would need thorough examination.
