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TRAVEL BOND - binding or not?

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1 TRAVEL BOND - binding or not? on Tue Aug 22, 2017 11:39 am

neppyzad


Arresto Menor
6. Travel Bond
- PHP 2,000- PHP 3500 : 6 Months Bond
- PHP 3,501- PHP 6,500 : 9 Months Bond
- PHP 6,501 & Above : 12 Months Bond
- In case agent couldn’t finish the bond, Full Cost Charges provided by the management will be apply.
- This must be signed at least, 4 days - 1 week before departure by the department head , HR Admin, GM and COO for the approval.


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The statement above was stated on our familiarization contract as to travel within the Philippines.
Are the stipulations valid?

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2 Re: TRAVEL BOND - binding or not? on Tue Aug 22, 2017 12:37 pm

Patok


Reclusion Perpetua
yes, this is now being practiced in most companies.

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3 Re: TRAVEL BOND - binding or not? on Tue Aug 22, 2017 12:51 pm

neppyzad


Arresto Menor
Let say naka bond ako for 6 months, but on the 3rd month nag resign ako. Hindi po ba dapat pro-rata yung cost na ibabawas sakin and not the full amount? hindi naman po kasi reasonable yung full cost babayaran lalo na pag nagrender ka ng service.

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4 Re: TRAVEL BOND - binding or not? on Tue Aug 22, 2017 2:56 pm

Patok


Reclusion Perpetua
You should raise that to your HR kung papayag sila..

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