Further to my query of 20th inst, I may add that my daughter has received the offer letter from the employer company. She is selected as developer. I am not clear as to the nature of duty. Is it development of business and marketing? The software company offers support to mobile companies like Aircel. Can anybody clarify? More over there is a probationary period of 6 months when the salary is Rs.15000 which will be increased to Rs.20000 after probation.Is the salary on the lower side?
Regarding the 2 year bond, the bond amount is Rs.1 lakh. Some conditions of the contract are given below
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CONTRACT OF EMPLOYMENT
When you sign this offer letter document, it is assumed that you commit to stay with the Company for a minimum period of 2 years, unless your services are terminated by company. In case you wish to disassociate yourself from the Company before completing your two years, then you commit that you will pay a minimum amount of Rs. 100,000 (Hundred Thousand Rupees) in lieu of early disassociation with the company. In case you do not pay this amount and decide to leave then in such case company shall not issue
you Service Certificate, Relieving letter and other such documents and at the same time all your existing dues with the company if any, shall not be cleared by the company. You are always required to give a minimum of twelve week’s written notice to the company for your termination of employment with the company.
Termination
The Company may terminate your employment with the Company by giving you two week’s written notice of termination if you are still in the probationary period or twelve week’s written notice of termination in case of permanent employment, or salary in lieu thereof.
In case you wish to disassociate with the Company then you are required to give a minimum of twelve week’s written notice to the company for your termination of employment with the company. However this (twelve weeks notice period for disassociation with the company) will only be applicable in case you have successfully completed your two years of employment with the company.
The Company will not be liable to pay the notice pay if you resign from its services and request that you be relieved with immediate effect. Your resignation will become effective and final notwithstanding the fact that the communication of acceptance does not reach you. However, in case any disciplinary proceedings are either contemplated or pending against you, the Company will have the right not to accept your resignation.
The Company reserves the right to terminate your employment without notice, or pay in lieu of notice where you are found to have committed an act of gross misconduct.
Your employment with the Company will terminate automatically without any further notice at the Company’s normal retirement age, which is on the day of your 60th birthday.
On termination of your employment, you will immediately deliver to the Company all equipment, software, original and copies of documentation (including documentation stored in electronic format) and any other property belonging to the Company, which is in your possession, or under your control.
In the event, if you are absent from work for 24 hours or more, then you are forthwith required to notify company about your absence along with reasons for the absence from work. However, if you are absent from work for a period of five (5) consecutive working days without providing any notice or affording any reasons or without taking company’s prior approval in this regard, company shall be entitled to forthwith terminate your employment without providing any notice or incurring any obligation or liability to pay any amount or dues to you. Further, in the event of such termination, you shall be liable to pay company and amount equivalent to your two (2) month’s current gross salary. This shall not restrict company from claiming legal remedies available to it under ordinary legal recourse. Company shall be entitled to recover any additional damages from you in a manner that company may determine suitable in this regard.
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Kindly provide yur valuable opinion on the above aspects.
Thanks in advance.
Regards
(N K Raveendran)