Hello all, I signed 24 months with my current employer while joining back in 2021, but now I got a better opportunity and would like to resign.
Considering the notice period of 90days still, there'll be 1month left to complete the bond period. I would have served 23 months out of 24 months at the end of the notice period.
My employer is asking me to pay 125000 compensation amount since I'm breaking the bond.
Shouldn't the compensation be on the pro rata basis? It's not reasonable to pay the whole 125000 after serving the company for 23 months? Is it legal company charging the total amount? How can I move out without paying the total amount, please advise.
Considering the notice period of 90days still, there'll be 1month left to complete the bond period. I would have served 23 months out of 24 months at the end of the notice period.
My employer is asking me to pay 125000 compensation amount since I'm breaking the bond.
Shouldn't the compensation be on the pro rata basis? It's not reasonable to pay the whole 125000 after serving the company for 23 months? Is it legal company charging the total amount? How can I move out without paying the total amount, please advise.