Jan 17 2025, 12:59 PM
QUOTE(RavagerX @ Jan 16 2025, 07:32 PM)
Hi all, I need some insights here.
Around 1 year ago, I joined a new company - lets call it ABC sdn bhd.
As this company pays for the certs and training needed to do my job, I was asked to sign a bond with ABC for 3 years, amounting to about ~RM30k.
Half a year later, the company spun off and sold my division to another company, so now we are under a new company/ entity.
1. I was never asked to sign a new bond under new company. So if I want to leave the company now, is this bond still legally binding? Am I legally required to pay it back?
2. Any tips on how to negotiate with bosses if they brought this up? I hoped it doesn't turn ugly or burn any bridges in the end.
And no, the new company is not willing to buy me out of this bond, but I really want the new job.
you need to be very accurate about the structure of the sale of your division Around 1 year ago, I joined a new company - lets call it ABC sdn bhd.
As this company pays for the certs and training needed to do my job, I was asked to sign a bond with ABC for 3 years, amounting to about ~RM30k.
Half a year later, the company spun off and sold my division to another company, so now we are under a new company/ entity.
1. I was never asked to sign a new bond under new company. So if I want to leave the company now, is this bond still legally binding? Am I legally required to pay it back?
2. Any tips on how to negotiate with bosses if they brought this up? I hoped it doesn't turn ugly or burn any bridges in the end.
And no, the new company is not willing to buy me out of this bond, but I really want the new job.
was the shares of the original company that employed you sold or just the assets and liabilities sold.
this is cos the employers are not considered as part of the assets and liabilities and you must resign from your previous company and sign a new employment contract with the new company.
you will have to see what are the terms of your new contracts
if only the equity or shares of the original company that employed you was sold, then you remain bound by the original contracts as there is no change in the company and only the shareholders change that does not concern you.
do you know for 100% certainty which category do you fall under
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