8/11/2019 7_notice to Employee for Breaking the Bond

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This is to inform you that you have been absent from to without any information given to the company which lead you to break the termsand conditions of the company as agreed by you at the time of joining thecompany.

You were agreed to employ as (designation), according to the termsand conditions mentioned in the offer document dated.. and ensure theservice to the employer of the company for a period of two years from the date of

joining. nd if you failed to ensure the continuous servicethan this bond shallbe effective and have full force which propelled the employer to demand you topay the sum agreed to in the !ond.

" hereby issue a notice to you to show cause as to why company should notdemand you to pay the sum agreed to in the !ond.

You are re#uested to answer this notice within $% days from the date of receiving of thisnotice so that we can fi& a date to hear you. Your prompt and proper action will beappreciated

8/11/2019 7_notice to Employee for Breaking the Bond

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n employee bond is a debt assumed by the company on behalf of an employee. Thedebt is payable on a specified date and interest is usually payable until that date. "nother words the 'mployment !ond is basically an greement entered into by theompany with the 'mployee which among the other terms contained therein states that

in consideration of the training given to the 'mployee and the money spent by theompany in imparting such training, the 'mployee will remain in the services of theompany for a particular period. "n case of the 'mployee breaching the provisions of the

greement, the 'mployee would be liable to pay certain sum of money, being thee&pense incurred by the ompany in training the 'mployee.

The employment bond is a contract and enforceable at the option of the other. Thecontractual clauses in employment agreements are governed by the ontracts ct,$*+. nder this, a contract is valid even if it imposes restrictions on a person-s trade orprofession, as long as such restrictions are reasonable. hether a particular condition isreasonable would depend upon the facts and conditions of each case.

the !ond may also contain a stipulation that a certain amount has to be paid in the casewhere there is a breach of the provisions of the !ond. This sum which is fi&ed under thecontract is called /li#uidated damages0.

The course of action a ompany must follow when an 'mployee breaches the conditionof the 'mployment !ond 12 The first thing the ompany must do is issue a legal noticecalling upon the 'mployee to report for duty immediately, failing which the notice shouldcall upon the 'mployee to pay the sum agreed to in the !ond. 'mployee fail to pay theamount a suit may be filed in the ourt of appropriate jurisdiction to recover the amountdue.