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    Satish Rana
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    This document is an employment bond between an organization and an employee. The organization is appointing the employee to the position of [Designation] for a term of [Duration with the organization] years. As part of the agreement, the employee must keep their original education certificates with the organization. The employee will receive a monthly salary package as outlined in Annexure I and must perform the duties assigned by the Board of Directors. The employee must devote their full time and efforts to the business. The organization can terminate the agreement by providing one month's notice or immediately if the employee breaches the agreement or is negligent in their duties.

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    This document is an employment bond between an organization and an employee. The organization is appointing the employee to the position of [Designation] for a term of [Duration with the organization] years. As part of the agreement, the employee must keep their original education certificates with the organization. The employee will receive a monthly salary package as outlined in Annexure I and must perform the duties assigned by the Board of Directors. The employee must devote their full time and efforts to the business. The organization can terminate the agreement by providing one month's notice or immediately if the employee breaches the agreement or is negligent in their duties.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    41 views3 pages

    New Microsoft Word Document

    Uploaded by

    Satish Rana
    This document is an employment bond between an organization and an employee. The organization is appointing the employee to the position of [Designation] for a term of [Duration with the organization] years. As part of the agreement, the employee must keep their original education certificates with the organization. The employee will receive a monthly salary package as outlined in Annexure I and must perform the duties assigned by the Board of Directors. The employee must devote their full time and efforts to the business. The organization can terminate the agreement by providing one month's notice or immediately if the employee breaches the agreement or is negligent in their duties.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    of 3

    EMPLOYMENT BOND

    THIS AGREEMENT is made on the (present date)___________________ between


    (Organization Name) _________________, a company registered under the
    Companies Act, 1956 and having its registered office at. No. (Address)
    ____________________ 560 0xx (hereinafter called the “company”) of the one
    part and (Name of the appointee)_________________ residing at (Address of the
    employee) ____________________ (Hereinafter called the “Employee”) of the
    other part.

    WHEREAS

    The company is desirous of appointing (Name of the


    appointee)_________________ as its (Designation) ______________ and the
    Employee has agreed to on the terms and conditions outlined here below.

    NOW THIS AGREEMENT WITNESSES AS FOLLOW:

    1. The said (Name of the appointee) ________________________is hereby


    appointed as the (Designation) ____________________ of the company and he
    will hold the said office, subject to the provisions made hereinafter, for the term of
    (Duration with the organization) ______________________ from the date of this
    agreement. As a guarantee you are agreed to keep your all-original education
    certificates with the custody of (Organization Name)
    ________________________________.

    2. Your monthly salary package will be as per the Annexure I. Based on the periodic
    reviews your compensation package may differ as per the compensation Policy
    applicable to other employees of your category in respective department.
    3. The Employee shall perform such duties and exercises such powers as may from
    time to time be assigned to or vested in him by the Board of Directors of the
    company.

    4. The Employee shall, unless prevented by ill health or any unavoidable cause,
    during the continuance of the term of his office devote his whole time, attention
    and abilities to the business of the company.

    5. The Employee shall obey the orders from time to time of the Board of Directors
    of the company and in all respect conform to and comply with the directions given
    and regulation made by the Board. He shall well and faithfully serve the company to
    the best of his abilities and shall make his utmost endeavors to promote interests of
    the company.

    6. The said Employee shall not resign his office of Engineer Trainee
    –Database/operations till the end of this contract period.

    7. The company may terminate this agreement at any time before the expiry of the
    stipulated term by giving one month´s notice in writing to him. The company can
    terminate your contract any time if you-

    • Commit any material or persistent breach of any of the provisions contained.

    • Be guilty of any default, misconduct or neglect in the discharge of your duties


    affecting the business of the company.

    Signature
    (Appointee´s Name)

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