Respected Members,
I am currently working with a IT company. When I joined the company in March 2012 I have signed a Bond Agreement on 100 Rs Stamp paper for the period of 2 years with the amount of 2 Lacs. Now I had served more than 1.5 years with the company.
The promises made by company to me at the time of interview :
1. They will increase my salary after 6 months. They have not reviewed the salary uptill now.
2. I will be considered for General Appraisal after 1 year of service with the company. But still now after 1.5 Years Appraisals not done. When we ask with HR they told us its under process. Management is working on it.
3. Incentives are defined for each quarter in a year. I received my last incentive was the period of Jul-Sep 2012. After that neither of I or any of my collegue received incentives from the company. When we ask they tell management is working on it.
Now I am very much frustrated from the company rules and policies. They call us CMMI level 3 company. I really don't know whether this level company do work like that.
Now please tell me what will be the consequences if I break the BOND Agreement. Please help me with this topic.
