Help Please does my contract state I have a bond?

Hi Po

This is my employee contract is there anything here that states that I must work for the company for a full Year?

like a bond? They're making me pay 100K





I heard rumors that they were gonna fire me. but I decided to resign honorably with two weeks notice. but now they're angry and are telling me I have to pay a bond but don't remember signing anything with a bond.

Is there anything here legally binding to make me pay their violation fee?

Ask them about the violation and basis of the penalty.

the violation is I resigned before a full year. they say there is a bond in the contract.


What does a Employee Bond Look like ba?

Your contract is for a year.  That is the one of the components of the bond. It is short of the contracted period thus violation in item 15 is invoked.
An employee bond in principle  is "employer hires you and prepares you for the job through training, certification etc in case of a technical related function."  Employer spends for you and can recover the cost only after a period of time.  If you resign before the contracted period, a value is set.  (In the case of employees handling cash of the companies like cashiers, salesmen, disers etc, they are required to post a cash bond to secure the company's financials in case of misuse.  This is refundable.)

However, some companies use the pro-rated employment bond e.g. how much is the balance cost I still have to pay having worked for you for long.
Some lawyers push their clients to ask for facts and figures like how much did you really spend for my training. Show me the receipts.
If you leave without paying the bond, the employer can withhold final pay, clearances, accumulated credits and worse file a case which can result in a hit in your NBI clearance.

Still ask around though.  Hope this helps.

okay understood.

but what about

#13 Notice Period

"In the event you wish to terminate your employment with *the company*, you are required to give a written notice for this purpose at least two weeks (10 working days) prior to such termination. you will be required to secure a clearance from * the company* with respect to monies and/or tolls and equipment owning to * the company* before gaining employment elsewhere.

I gave two weeks notice. is the bond still in effect? it states the contract is for a year but does not state I MUST work for the company for a full year. and they added that clause...so how does that work?

No monies or training were ever incured aside from the 1 week allowance of 1,000php to understand the system of the company,just by wataching and learning from a manager at another branch, just before hiring. which that I would gladly payback if mean for this to be over.

centro wrote:Your contract is for a year.  That is the one of the components of the bond.  It is short of the contracted period thus violation in item 15 is invoked.

"One of the components?" Is there enough components for them to force the violation?

and for a contract that supposed to state a bond. Is the language allowed to be so vague?

sorry all I have are questions.

Greatly appricate all and any answers

Thank you

in my opinion, as long as you followed the notice period, there is no basis to charge you a penalty.