I joined my company in May 2011. I signed a bond that stated I have to work for one year and cannot resign before that. In May 2012, I will be completing my one year. We have to give three months' notice prior to resigning. I want to submit my resignation letter now because then I can resign in June 2012, which means I will have completed my one year.
But do we have to wait until we complete one year to hand in a three-month resignation, or can I submit a three-month resignation now because then I will be resigning in June, which means by the time I resign, I will have completed one year of work.
From Netherlands
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But do we have to wait until we complete one year to hand in a three-month resignation, or can I submit a three-month resignation now because then I will be resigning in June, which means by the time I resign, I will have completed one year of work.
From Netherlands
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You can put in your notice now, By the time you leave the company you would have successfully fulfilled the contracted.
From India, Hyderabad
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11From India, Hyderabad
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Hello rooky10101,
Ramnaresh.V is technically correct. However, in reality, it's a bit of a gray area. Some companies could interpret this differently—that the resignation can be valid ONLY AFTER the bond is completed. If you resign as you mentioned—in April 2012—please note that the interpretation could be that you would be breaking the bond since you were not supposed to resign WHILE IN BOND. So the question of the notice period during the bond period doesn't even arise.
Since it's only 2 months from now, I would suggest that you wait and then resign in June 2012. But what's the tearing hurry that you want to resign now?
All the best.
Regards,
TS
From India, Hyderabad
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Ramnaresh.V is technically correct. However, in reality, it's a bit of a gray area. Some companies could interpret this differently—that the resignation can be valid ONLY AFTER the bond is completed. If you resign as you mentioned—in April 2012—please note that the interpretation could be that you would be breaking the bond since you were not supposed to resign WHILE IN BOND. So the question of the notice period during the bond period doesn't even arise.
Since it's only 2 months from now, I would suggest that you wait and then resign in June 2012. But what's the tearing hurry that you want to resign now?
All the best.
Regards,
TS
From India, Hyderabad
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My apologies, I was confused about the title word "singing." TS has correctly pointed it out. Although the bond period is considered for service-related benefits, the notice period should come after the completion of the bond period. I am not aware of any specific legal provisions.
Regards,
Pon
From India, Lucknow
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Regards,
Pon
From India, Lucknow
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