The bond as it is is illegal and therefore, breaking the bond does not arise. However, if you have entered into a contract with the company and at the same time the company is deviating from the promises that can be cited as a valid reasons for your leaving or terminating the contract of employment. There can not be any clause in the bond that the company can pay salary at its will or the employee should not question if there occurs delay in disbursement of salary. If there is any such clause, that is not valid because any contract in contravention of Law is void. In other words, the law (Payment of Wages Act) provides that every employee should be paid salary within seven days of close of wage period. If the employer makes an agreement with employee to the effect that salary will be paid only after 18 days, that agreement will not be maintainable as it is against the Payment of Wages Act or any other rules made thereunder.
It is always desirable to leave an establishment which delays payment of salary to its employees.
Madhu.T.K 12th April 2011 From India, Kannur