Dear Sir/Mam,
I recently joined a Public Listed Co. and the company asked me to sign a bond for 2years. Bond mentions I have to serve the company for 2 years and cant leave the company before 2years, however company has the right to exit me from the job if I dont meet thier expectations or performance. And if I leave the company before 2 years I would have to repay 50,000 as damages to the company. This Bond was executed on company's letter head.
Please advice what I shall do because I am not willing to continue with the company as I am not comfortable with night shift and several other reasons.I read somewhere that a bond which is signed on a stamp paper is only valid.in India.
Please advice, if this kind of a bond is valid or not in India and what I shall do
Thanks
CJ12
I recently joined a Public Listed Co. and the company asked me to sign a bond for 2years. Bond mentions I have to serve the company for 2 years and cant leave the company before 2years, however company has the right to exit me from the job if I dont meet thier expectations or performance. And if I leave the company before 2 years I would have to repay 50,000 as damages to the company. This Bond was executed on company's letter head.
Please advice what I shall do because I am not willing to continue with the company as I am not comfortable with night shift and several other reasons.I read somewhere that a bond which is signed on a stamp paper is only valid.in India.
Please advice, if this kind of a bond is valid or not in India and what I shall do
Thanks
CJ12