Notice Period in Bond Agreements: Is It Included or Separate?

I would like to know if the notice period will be covered in the bond period.

Here, I have attached the terms in my confirmation regarding the notice period and terms in the bond. Kindly suggest to me whether the notice period and bond can be finished at the same time or not.

Technically, going by what's mentioned in your Confirmation Letter & Bond, the Notice Period can go in parallel. But, legally, since nothing specific is mentioned in such a situation that you are in right now, the company can take a stand that they have to be in series—meaning 1-year bond + 3 months notice period. Suggest checking discreetly with HR or someone else within the company if there were precedents earlier. If yes, how were they handled? If no, then all I say is that you have to bell the cat and then watch what happens and respond accordingly. Also, check with the new company if they will bear the notice period buy-out amount. Looking back, I think you should have done all this thinking before you even started the process of looking out for better opportunities. Suggest waiting for others to respond also—there could be better suggestions.

Regards, TS

Hi Venuaparna, there is no mention of whether the notice period is included in the bond period; usually, it is not. A one-year bond is exclusive of the notice period in most companies. As TS suggested, bell the cat and wait for the response and reactions. This is what can be done. And yes, you can ask your new employer to buy out the notice period if it is not inclusive in a year.

Regards,