Is notice period covered in bond period?

Yes, the notice period is covered in the bond period. For example if you have a bond that completes on 20th March. And you have a notice period of 2 months, then you can resign on 20th January and serve both the notice and the bond period simultaneously.

How legally binding is a notice period?

You are duty bound to honour the notice period specified in your contract of employment, whether that’s one week, one month or three. If you have signed a legally binding contract, it is enforceable by law.

Can notice period be extended by employer?

No employer can forcefully extend your notice period without your prior consent. If you are able to prove that you have completed the notice period, you are not legally obligated to serve any longer. You can send a legal notice to him through an advocate.

What happens when a company breaks bonds?

The company may not sue you if you break the bond as it will not be successful in recovering any money from you through court order. 2 The company may send you a legal notice as part of their pressure tactics. 3. You should resign only if you are Sure of another secure job without your originals and a reliving letter.

What happens if we break the bond?

Can a company force you to serve the full notice period?

1) There is no way that the company can force you to serve the full notice period. 2) The clause in the employment agreement usually states “ninety days’ written notice or three (3) months’ gross salary in lieu thereof”. Therefore if you are willing to pay the company should not raise any objections.

Do you have to serve your notice period when you resign?

Serving your notice period. If your employment contract specify the notice period, when you resign, you must: Serve the notice period. OR; Pay compensation in lieu of notice to your employer. Notice can be waived by mutual consent between you and your employer. The length of notice period must be: The same for the employer and employee.

When does the notice period begin for a termination?

The notice period begins on the day that an employer gives notice of the termination to the employee. The only exception is when an employee is terminated for cause and is therefore not entitled to any notice or pay in lieu of notice.

What happens if a company takes leave against the notice period?

The company should be ready to adjust the leave against the notice period if you have earned leaves accumulated. 5) Where there is rule there is a punishment for the breach of the law, you can breach the contract by paying the damages to the management.