Seeking Advice on Employment Bond and Resignation
Hello all, I have joined college as a Biology Lecturer on 25th May 2012 and have been working with the Junior college (not to specify name) since then. I have signed a bond for 4 years and will have to pay 2 lakhs if I leave the college before completing 4 years. The college has taken all my original certificates (8 in total). However, I have not received any acknowledgment letter for the submitted documents from the college up till now. The college has also kept two months of my salary (42,000) as a security deposit as per the signed contract. I am entitled to receive this amount at the time of leaving the college, i.e., after 4 years.
Starting this year, they are closing the science stream. The college authority is asking for a resignation letter from me. If I resign, I will have to pay 2 lakh rupees. Therefore, I requested a termination letter. However, the college authority is unwilling to provide a termination letter and has given a negative response regarding the held-back money (security deposit). What should I do? Please guide me.
Thank you.
Hello all, I have joined college as a Biology Lecturer on 25th May 2012 and have been working with the Junior college (not to specify name) since then. I have signed a bond for 4 years and will have to pay 2 lakhs if I leave the college before completing 4 years. The college has taken all my original certificates (8 in total). However, I have not received any acknowledgment letter for the submitted documents from the college up till now. The college has also kept two months of my salary (42,000) as a security deposit as per the signed contract. I am entitled to receive this amount at the time of leaving the college, i.e., after 4 years.
Starting this year, they are closing the science stream. The college authority is asking for a resignation letter from me. If I resign, I will have to pay 2 lakh rupees. Therefore, I requested a termination letter. However, the college authority is unwilling to provide a termination letter and has given a negative response regarding the held-back money (security deposit). What should I do? Please guide me.
Thank you.