reddygaru
Aug 18, 2013, 03:51 AM
These are the statements in my offer letter.
In order to fulfill your assignment, it will be necessary for Mahindra Satyam to make
Substantial efforts and incur expenses for your training, airfare, and relocation costs. If you
Fail to complete your assignment, Mahindra Satyam will incur substantial damages. These may include the
Costs of your replacement, airfare, training, lost time on the job and other down-time, loss of client
Confidence and customer relations, failure to transfer knowledge, and loss of existing business and future
Business opportunities. If you breach this Agreement by leaving a project or assignment before
It is completed, and/or by changing or transferring your immigration status in the United States, without the
Written consent of Mahindra Satyam, and in violation of this Agreement, Mahindra Satyam shall declare
Immediately due and payable and shall recover from you, as liquidated damages, and not as a penalty, a
Fixed sum in the amount of $25,000.00 (USD), which represents a reasonable amount in relation to the
Actual expenses incurred by Satyam, including, but not limited to, those referenced above.
Let me know if this liquidated damages are applicable.
In order to fulfill your assignment, it will be necessary for Mahindra Satyam to make
Substantial efforts and incur expenses for your training, airfare, and relocation costs. If you
Fail to complete your assignment, Mahindra Satyam will incur substantial damages. These may include the
Costs of your replacement, airfare, training, lost time on the job and other down-time, loss of client
Confidence and customer relations, failure to transfer knowledge, and loss of existing business and future
Business opportunities. If you breach this Agreement by leaving a project or assignment before
It is completed, and/or by changing or transferring your immigration status in the United States, without the
Written consent of Mahindra Satyam, and in violation of this Agreement, Mahindra Satyam shall declare
Immediately due and payable and shall recover from you, as liquidated damages, and not as a penalty, a
Fixed sum in the amount of $25,000.00 (USD), which represents a reasonable amount in relation to the
Actual expenses incurred by Satyam, including, but not limited to, those referenced above.
Let me know if this liquidated damages are applicable.