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Employment bond

vins1988 - Member Since: Sep 2011
Subject - Employment bond

I have got a new job in a software firm. There is a 1 and a half year employment bond in the company and 2 months notice period. I have not been under any bond before this so I wanted to know

Can the employer pay you less in the coming year just because you have signed the bond?

If I complete 1 year and 4 months and give a 2 months notice that makes it 1 year and 6 months do I satisfy both the bond and notice period as my employment bond states

'The employee on joining the company undertook to stay in employment of the company for a minimum period of 18 months & 2 months notice period to the company.'

What does this mean?

kambojmanoj - Member Since: Oct 2008
Subject - Employement Bond

Dear,
According to your question, the employee can not leave the service before 18 months after joining and for leaving the service he has to serve a notice for two months after completing of 18 months in service but I doubt about its legal validity.

Topic Categories >> 1 ° Location-MUMBAI °

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