i would like to know Notice period will be covered in Bond period
From India, Bangalore
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From India, Bangalore
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Here i attached the terms in my confirmation regarding notice period and terms in bond .kindly suggest me notice period and bond can be finished at the same time or not.
From India, Bangalore
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From India, Bangalore
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Hello Venuaparna,
Technically, going by what's mentioned in your Confirmation Letter & Bond, the Notice Period CAN go in parallel. But, legally, since nothing specific is mentioned in such a situation that you are in right now, the Company CAN take a stand that they HAVE to be IN SERIES—meaning 1 yr bond + 3 months notice period. Suggest checking discreetly with HR or someone else within the company if there were precedences earlier. If yes, how were they handled. If no, then all I say is that you have to bell the cat & then watch what happens & respond accordingly. Also, check with the new company if they will bear the Notice period Buy-out amount. Looking back, I think you should have done all this thinking BEFORE you even started the process of looking out for better opportunities. Suggest waiting for others to respond also—there could be better suggestions.
Regards, TS
From India, Hyderabad
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1650Technically, going by what's mentioned in your Confirmation Letter & Bond, the Notice Period CAN go in parallel. But, legally, since nothing specific is mentioned in such a situation that you are in right now, the Company CAN take a stand that they HAVE to be IN SERIES—meaning 1 yr bond + 3 months notice period. Suggest checking discreetly with HR or someone else within the company if there were precedences earlier. If yes, how were they handled. If no, then all I say is that you have to bell the cat & then watch what happens & respond accordingly. Also, check with the new company if they will bear the Notice period Buy-out amount. Looking back, I think you should have done all this thinking BEFORE you even started the process of looking out for better opportunities. Suggest waiting for others to respond also—there could be better suggestions.
Regards, TS
From India, Hyderabad
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Hi Venuaparna,
There is no mention of whether the notice period is included or not in the bond period; usually, it is not. One-year bond is exclusive of the notice period in most companies, as TS suggested, bell the cat and wait for the response and reactions. This is what can be done. And yes, you can ask your new employer to buy out the notice period if it is not inclusive in a year.
Regards,
From India, Delhi
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There is no mention of whether the notice period is included or not in the bond period; usually, it is not. One-year bond is exclusive of the notice period in most companies, as TS suggested, bell the cat and wait for the response and reactions. This is what can be done. And yes, you can ask your new employer to buy out the notice period if it is not inclusive in a year.
Regards,
From India, Delhi
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