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Legal Advice Needed: Employment Bond and Variable Pay Concerns
03-Jan-2025 (In Labour & Service Law)
Hello,
I signed a 2-year bond with ₹4,000/month variable pay. After completing the bond, my company offered an appraisal but said I’d get my variable pay only if I accept the appraisal and sign a 1-year bond. HR claims the pay is performance- and retention-based. No training costs were incurred by the company. Can they enforce the new bond if I resign after receiving the pay? Am I liable for any bond amount? Please advise on minimizing risks.
Thank you!
No, the bond executed by and between you and your company cannot be enforced in the usual course of business. Also, you can resign as you wish and in consonance with the terms and conditions of your employment. Feel free to contact me for seeking any legal advice as regards the same.
Helpful?
Adv. Prerna Shukla
Mumbai | 700+ Answers
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Well, if you have signed a Bond, then you must ensure that your comply with the terms and conditions of the Bond. Bond is enforceable except under certain situations, if you breach the Bond, Breach of Contract Case may be filed against you by your Employer. You are liable to pay any Bond Amount of not, for seeking this answer, send me your signed Bond for scrutiny. They can enforce the new bond if you resign after receiving pay, however, there are certain exceptions under which such bond is unenforceable.
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Adv. Pankaj Bajaj
Mumbai | 1000+ Answers
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