dear sir,
i am working in one indian company for last 14 months. i am working in indonesia. when i was joined, i signed a bond. the clause of the bond as per below.
1) Reciepient Mr. XYZ agrees to join the organization on or before 6th september 2010.
2) Moreover Mr. XYZ agrees to continue to work with the organization for minimum period of three years from his date of joining.
3) In case Mr. XYZ fails to join the organization on agreed date, he will beliable to pay Rs. 50000 as commitment amount to the organization
4) Incase Mr. XYZ leaves the organization before completion of one year from the joining date, agrees to pay Rs. 1,35000 as a damage & cost incured on him for training. this is equalent for 3 months CTC.
5) Mr. XYZ agrees for all other clauses of appointment letter that will be issued to him on joining. clause mentioned here are apart from the all the clauses mentioned in the appointment letter.
so as per the above clauses 1, i have joined the organization on 6th of september. so clause no.3 is not applicable for me. today is 11th of november 2011. so almost 14 moths over after my joining. so clause No.4 stating that, Incase Mr. XYZ leaves the organization before completion of one year from the joining date, agrees to pay Rs. 1,35000 as a damage & cost incured on him for training. this is equalent for 3 months CTC is not applicable. becasue i already completed my one year period this organization.
but my worry is that the clause No.2 stating that : Moreover Mr. XYZ agrees to continue to work with the organization for minimum period of three years from his date of joining.
i would like to resign from this organization because of lots of internal problems. if i resign, will the company can go legal action against me for clause no.2. but there is not punishment or penality for clause no 2 stated in the bond.
and moreover the bond is in stamp paper and signed by notary.
please suggest me what can i do????? i m under extream pressure.
regards,
gokul.