4. Termination of Employment
4.1 You acknowledge that **** incurs significant expenses in connection with your employment which includes recruitment, training, and for knowledge transfer regarding processes, procedures and skills necessary for work.
4.2 You need to appreciate the fact that **** encourages you to build a career with the Company, and to grow as an individual so as to meet the requirements of a growing organization. You also need to remain in our employment for a certain minimum period to avail of the training and development programs, in the form of formal plus on the job training that will prepare you with a meaningful career with ****.
4.3 Therefore in case you voluntarily terminate your employment with ****, by resignation you will:
4.3.1 Provide **** with 30 days advance notice of your resignation from employment. You cannot offset the notice period of your resignation against against any accrued leaves or pay cash in-lieu of the notice period.
4.3.2 If for any reason you are not able to completely serve the 30 day notice period, you agree to pay damages equivalent to 1 month of your most recent gross salary to ****.
4.4 Further in the unlikely event due to various unforeseen circumstances, you voluntarily terminate your employment with **** by resignation within 18 months from your date of commencement, you will also reimburse an amount equal to 2 month's most recent gross salary towards repayment of the expenses mentioned in paragraph 4.1.
I joined this company back in Jan 5 and got a position as a Team Lead. Immediately I was assigned to handle 2 different teams.
I had no issues with the workload and the working environment.
However after my regularization in July 5, i found out that our HMO only covers consultation only.
This got me worried that if ever something happens to me(medically), I wont have anything to help me.
This is when I decided to resign and render my 30 day notice.
Q: Ever since I joined the company I was never provided any training by them. Most of the knowledge and skills needed I got from the production floor and the help of the in house staff. (this company is a service provider to another company).
Am I still bound/liable to pay that reimbursement (4.4)?
Is there any work around to this type of agreement where I wont be liable for the bond?
Naturally my salary has been on hold, does the company have the right to take from my final pay the reimbursement mentioned in 4.4?
Kindly provide me with your expert advice regarding this matter.
Thank you in advance