Can any agreement/contract signed by an employee, having around 12-14 years of working experience, and not been sent on any special training opt for resigning for better prospects before the expiry of the Bond period of 2 years.
The terms of Bond under Service Contract only being a Binding by the employer upon the Employee to work for 2 years, or else pay to the Employer a sum of Rs. 400000/- and interest @ 15% P.A. for delay in payment of the Rs. 400000/-.Upon the Employee making such payment the Contract will be Null & Void.
What steps can be taken by the employee to ensure he recieves his full & final settlement on the last date of his notice period.
Regards,
Mishrajg.
