" WHEREAS
A. Company has selected the Employee for the position of QS Assistant.
B. The Employee, on joining the Company, undertook to stay in employment of the Company for a minimum period of one year and serve one month notice period to the Company in case she wants to leave the company. This agreement is valid upto 21 July 2017.
C. The Employee, as part of the consideration for the training efforts and costs
involved, agreed to sign the bond for not leaving the services of the Company for a minimum period of One year from the date of his joining the services of the Company.
NOW THIS AGREEMENT WITNESSETH AS BELOW:
1. The Employee acknowledges that substantial costs have been invested on him/her for training specifically to effectively handle the job responsibilities and any discontinuance of the employment before the expiry of the One year service would unfairly prejudice the Company, and, as such, the Employee undertakes not to leave the services of the Company, for any reason what ever, for a minimum period of One year from the date of his/her joining the services of the Company.
2. In case the Employee, for any reason, leaves the services of the Company before the said period of One year, then he/she shall forthwith pay a sum of Three months Salary is being the indemnification of the cost of training to the Company. The Employee undertakes not to dispute the amount, and shall pay the amount, before requesting for formal relieving order from the Company and at the same time company has full rights to initiate appropriate legal proceedings against the Employee.
3. That the said employee, during the period of this agreement shall not work directly or indirectly in any similar trade or business either as employer or partner or advisor or in any other capacity.
4. That the said employee shall be just and faithful to the Company in all matters and shall not at any time except under legal process, divulge to any person whosoever and shall use his/her best endeavors to prevent the publication or disclosure of any trade secrets or any business processes or any confidential matter or information concerning management decision of the Company or of its dealings, transactions, or affairs which may come to his/her knowledge.
5. Any dispute or difference arising out of this Agreement shall be resolved through arbitration. The sole Arbitrator, appointed in consultation with parties shall conduct such arbitration. The venue shall be in Bengaluru.
6. However, Company has full rights to transfer, suspend or terminate the employment of the Employee in case if he/she breaches any of the above provisions and founds dishonest to the Company at any moment of his employment. Also Company can with hold the Salary and Experience Letter of the said Employee until the final clearance of the matter.
7. In witness hereof, the parties have executed this Agreement on the day and date mentioned above Company Address.
"
Above mentioned is my office agreement rules. I have signed this agreement. so if i leav in between 1 year, company can take ny legal action on me??