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 Resignation Handbook, Revamp in progress 240614

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edgeff
post Nov 24 2011, 03:19 PM

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Joined: Sep 2005


Dear all,

I have few questions regarding bonding agreement.
Consider the follwoing terms and conds :-

- the bonding period would be 2 years starting from the end of the training programme
- the penalty amount in the event an employee wants to leave the
company during the bonding period is double the amount of the course fee
paid by the company.

Q1) If the employee wants to leave after serving the company for 1 year,
does he needs to pay the full penalty amount or he only needs to pay half
of the amount since he already served half of the bonding period?

Q2) Is it legal for a company to charge an employee to pay double the amount
they actually paid for the training as a penalty?
(because it seems unfair to pay double than the actual amount the spent).

For Q2, I cannot find anything related to this with respect to our country's law.
But in onther county, there is law that prohibited a company from charging its employee
double from the amount that they actually spent.

can anyone share their experience on this.

Thank you.

 

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