Question regarding FNF settlement
I have a question regarding the FNF settlement. I was working with an IT MNC and had signed a bond of 12 months with the employer. However, I resigned from my position after 58 days due to some unforeseen and unfortunate events in my family. Can I request my HR to reduce the FNF settlement as my financial situation is quite challenging right now? Can I ask for a reduced amount that I have to pay for breaking the bond?
I did not abscond. I emailed my HR and my manager, explaining that it is not possible for me to serve the notice period as my immediate family member is critically ill and no physical help is available here. I want to stay with my family, and given my financial difficulties, I wish to request a reduced amount. Originally, the bond was for 75,000. To what extent can I ask for a reduction?
From India
Acknowledge(0)
Amend(0)
I have a question regarding the FNF settlement. I was working with an IT MNC and had signed a bond of 12 months with the employer. However, I resigned from my position after 58 days due to some unforeseen and unfortunate events in my family. Can I request my HR to reduce the FNF settlement as my financial situation is quite challenging right now? Can I ask for a reduced amount that I have to pay for breaking the bond?
I did not abscond. I emailed my HR and my manager, explaining that it is not possible for me to serve the notice period as my immediate family member is critically ill and no physical help is available here. I want to stay with my family, and given my financial difficulties, I wish to request a reduced amount. Originally, the bond was for 75,000. To what extent can I ask for a reduction?
From India
Acknowledge(0)Amend(0)
Did the MNC impart any special training for you?
What position did you hold in the MNC? On what basis was Rs 75,000 decided upon by the MNC? What was the exit/notice period specified for you? Kindly put the bond in the forum with personal details masked. Let experts here read the clauses. The claim by the MNC appears to be an exaggerated amount and may not stand in a court of law. The bond per se appears to be an imposition of forced labor. Consult a labor advocate; you may not need to pay anything to the MNC as the bond itself can be questioned.
From India, Pune
Acknowledge(0)Amend(0)
3180What position did you hold in the MNC? On what basis was Rs 75,000 decided upon by the MNC? What was the exit/notice period specified for you? Kindly put the bond in the forum with personal details masked. Let experts here read the clauses. The claim by the MNC appears to be an exaggerated amount and may not stand in a court of law. The bond per se appears to be an imposition of forced labor. Consult a labor advocate; you may not need to pay anything to the MNC as the bond itself can be questioned.
From India, Pune
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Employer suit for breaking service bond within 3 yrs - Delhi HC 5.9.2014.pdf
Amendment to Payment of Bonus Act 2015.jpg