Last edited by marjonbuenafe on Tue Nov 05, 2013 11:12 pm; edited 1 time in total (Reason for editing : protection)
cpp cpp cpp cpp
2 Re: cpp cpp cpp cpp on Tue Nov 05, 2013 5:16 pm
1. It depends upon the terms and condition of your contract even if it was only used for work-purposes (It can still be considered a company property unless you have fully-paid it)
2. Yes it is right if you have agreed with it.
What I have encountered with big companies and pharmaceutical companies, their executives/ managers or Sales Representative may purchase his company car same with your company's policy with 60-40 share for 3 years (through salary deduction). But the company may place in the provisions that should the employee resign in less that 3 or 5 years, he must pay the full amount if he wants to get the car or the payments may be forfeited (since the company pays for the maintenance and insurance).
Since it is not stipulated in your contract that you have the freewill to choose the car of your choice, the company can opt to select the car that can be given to you.
Next time, before signing a contract, please have it review/ evaluated first. Contracts are very crucial documents.
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