Team Lead Hr Operations A Telecom Mnc
There is no particular format for bond letters. Companies prepare them according to their own needs and requirements. Just follow the normal appointment clauses with the exception of the notice period clause and replace it with the clauses which states that the person will be working from such period to such period and in case of variation from the same he or she will be liable to pay so and so amount to the company as compensation. Keep in mind that the basic objective of the bond letter is to bind the employee with the company for a particular period of time. Try preparing one yourself and get back. I will help you to rectify it if required.
9th May 2009 From India, New Delhi
9th May 2009 From India, Ahmadabad
I am too facing an issue wherein from my parent company ,an employee needs to be sent on deputation to the subsidiary .What would be the execution of the agreemnt and how will the retirement/statutory benefits be applicable to thedeputee as he would be continuing his service wioht the next employer.
16th December 2009 From Singapore, Singapore
This is the requirement that my company need:
1. Employees have to stay at Dubai for 2 years.
2. Salary/ Remuneration/ Allowances
3. Insurance coverage
4. Work schedule/ working hours
5. Leave/ Benefit entitlement
6. Termination during secondment/ Resignation Notice period
7. Confidentiality/ secrecy
22nd December 2009 From Malaysia, Kuala Lumpur
31st July 2013 From United Arab Emirates, Dubai
20th December 2014 From India, Hyderabad
30th November 2016 From United States, Long Island City
Please can someone forward me Employee Bond - Format which binds the employee for stay with company for atleast 1 years and notice period is 1 month incase he leaves before 1 year or without notice , he needs to pay hs 1 month of salary to company.
13th December 2017 From India, Jaipur
Is it legal?
17th January 2019 From India, Jaipur