In an offer letter offered to me by an organization it states that:
If the trainee leaves the service of the corporation before expiry of the bond period, he shall pay damages to the corporation proportionate to the period of service yet to be rendered out of the total bond period(4 Years) in terms of Remuneration OR rupee 4,00,000 ,whichever is higher.
Say I leave after 2 years. Does that mean I have to pay salary of remaining 2 years to the corporation? if it exceeds 4,00,000