Bond period and penalty

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Member since 29 May 2019

Mr_MisterMember01 July 2019 22:43:29

Hi,
I signed the offer with my current employer that I have to pay a certain amount of monthly salary if I resign before 1 year. I wonder this is legal and I have to pay in order to leave that company?

beppi Germany - Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany - Singapore Expert02 July 2019 08:43:36

15335

You signed the contract and thus agreed to its terms.
Why should that not be valid?

Mr_Mister Member

Member since 29 May 2019

Mr_MisterMember02 July 2019 08:47:44

Have you get experience on this situation? Or any friend of you has?

beppi Germany - Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany - Singapore Expert02 July 2019 09:24:27

15335

No first hand experience, but I knew people who had such a clause in their contracts.
Why?

Mr_Mister Member

Member since 29 May 2019

Mr_MisterMember02 July 2019 09:27:11

And they have to pay in order to leave?

avinashjha Active member

Member since 20 November 2017

avinashjhaActive member02 July 2019 11:07:54

Mr_Mister wrote:
And they have to pay in order to leave?

If the employer asks you to pay you have no choice other than paying as you signed the contract. Even MoM won't do anything in this regard. The FAQ section of EP on MoM website states - Employer and Employee should themselves amicably settle contract matters.

beppi Germany - Singapore Expert

Member since 08 August 2010

Germany & Singapore Expert

beppiGermany - Singapore Expert02 July 2019 11:17:52

15335

Mr_Mister wrote:
And they have to pay in order to leave?

Of course.
If you don't agree to such clauses, don't sign the contract!

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