hi i am rohit. i have signed a bond for a company which states that i need to pay an amount of 11 lacs if i quit within 3years( 1 yr training+2 yrs service). the amount of 11 lacs is the sum of the salary they pay me and their expenditure in training me. i have to go to china for training. however they do not mention the salary after training. according to the bond, i need to pay
100% if i quit within 2 months
95% if i quit within 6 months
50% if i quit within an year
30% if i quit within 24 months after the commencement of training.
does this mean that i can actually quit after 2 years itself i.e., i needn't pay any amount if i quit after 2 yrs. also the amount 11 lacs is after conversion from chinese to indian rupee. in chinese currency it is around 108000.
pls answer soon. i tried every where but couldn't find an answer.
