Dear All,
First of all a a very good afternoon to all of you.
I was searching for a topic when came across this site.
Could you please help me with sample copy of bond signed by an employee with following specifications:
1. That he joins on the specified date
2 that he cannot leave before one year from date of joining.
If in case this contract is breeched, then he has to pay company a sum of Rs. 1,50,000/-
Also let me know, the paper on which bond is signed.
Looking for an early response.
Regards
Fatima
From India, Delhi
First of all a a very good afternoon to all of you.
I was searching for a topic when came across this site.
Could you please help me with sample copy of bond signed by an employee with following specifications:
1. That he joins on the specified date
2 that he cannot leave before one year from date of joining.
If in case this contract is breeched, then he has to pay company a sum of Rs. 1,50,000/-
Also let me know, the paper on which bond is signed.
Looking for an early response.
Regards
Fatima
From India, Delhi
45
Hi Fatima,
As per you request I am sending a sample Sevice agreement copy that I have prepared for our company. Just modify the agreement accordig to your terms and conditions. Hope it helps. Regarding your second part of the question you can either take a Stamp paper of Rs. 20 or you can take a print out of the agreement and make the franking of Rs. 20 done by some stamp vendor.
Thanks & Regards,
Chandrakanth
AGREEMENT UNDER THE SERVICE CONTRACT
Agreement of Service Contract made on this the day of __________________, BY AND BETWEEN
M/s. XXXXXXX Technologies Private Limited a company Registered under The Companies Act 1956 having its Registered Office at # 301, XXXXX, T.L. XXXXXX Lane, XXXXX, Hyderabad - 500082 represented by its Authorised Signatory Mr. XXXX XXXXXXXXX, The Director of the Company hereinafter referred to as First part for brevity which term shall unless repugnant to the context mean and include its Successors-in-interest, sister companies, subsidiaries and assignees
AND
Ms. XXXXXXXXX D/o Mr. XXXXXXXXXX, aged about 23 Years, currently residing at Flat No. S4,XXXXXXXX, XXXXXX Nagar, XXXXXXXXt, Secunderabad, 500056... hereinafter referred to as Second Part.
WHEREAS
1. The Second part approached the first Part for a suitable employment in first Part Company XXXXXXX Technologies Private Limited.
2. The First Part after scrutiny of education qualification certificates of the Second Part has interviewed the Second Part for suitable position and agreed to appoint the Second Part as employee of XXXXXX Technologies Private Limited.
3. The First Part specifically mentioned to the Second Part that the Second Part has to serve XXXXXX Technologies Private Limited for a term of Twelve (12) months and enter into an Agreement under the Service Contract.
4. The Second Part has agreed and accepted the offer made by the First Part on such terms and conditions as mentioned herein.
NOW IT IS HEREBY MUTUALLY AGREED TO BY AND BETWEEN THE PARTIES AS UNDER: -
I. The Second Part has agreed to serve XXXXXX Technologies Private Limited for a term of Twelve (12) months on such terms and conditions as mentioned herein.
II. The period of Twelve (12) months for this agreement starts from the date the Second Part joins the Office.
III. The Second part if resigns from the services of the First Part earlier than the period as agreed and as stated at clause I for any reason attributable to the second part, then Second part hereby agree to give 60 (Sixty) days notice to the first part and second part further agree to abide with clause No IX as stated hereunder.
IV. During the period of the contract, the Second Part shall faithfully, diligently and to the best of the ability discharge the responsibilities. The Second Part shall confirm to carry out and obey all orders, directions and instructions of the first part and/or Authorities during the term of his employment and shall use his endeavor to promote the interest of XXXXX Technologies.
V. The Second Part shall devote his time and attention in receiving the necessary instructions or other purposes for which he has been engaged and shall not absent himself from duty at any time without prior written sanction of the First Part.
VI. The Second Part shall carry out all the duties and responsibilities of his position and shall perform all such work as may be entrusted to him or as he may be called upon or required to do such capacity, with due-diligence, punctuality and to the best of his ability and skill, and shall conduct himself honestly, faithfully and diligently at all times throughout the period of the term of his employment and shall not be guilty of any negligence, misconduct or misbehavior or commit any breach of this Agreement.
VII. During the employment period and thereafter, the Second part will not give out to anyone in writing or by word of mouth or otherwise particulars or details of work process, technical know-how, research carried out, security arrangements and/or matters of confidential or secret nature which Second Part may come across during his service period with XXXXXXXX Technologies.
VIII. The Second Part shall subject to be governed by the service rules, standing Orders and regulations of first Part in force from time to time, so far as they are not at variance with the terms herein contained and thereafter.
IX. In case the Second Part at any time makes a breach of all or any of the Provisions of this Agreement or fails to carry out all or any of his obligations hereunder, this Agreement shall automatically stand Terminated and the second part shall forthwith return to the First Part an amount equivalent to 6 (Six) months worth of monthly salary as stated in the offer letter. In case the Second Part fails to pay back the amount, the First Part shall be entitled to recover the same from any of the monetary claims that the Second Part may have or by having recourse to legal proceedings against Second Part at Second Parts risk, cost and/or from Second parts heirs, executors administrators, sureties etc.,
General:
I. First part hereby agrees to initially employ the second part as its Software Engineer and the second part hereby accepts such Offer of employment in accordance with the terms of this Agreement and the terms of the Offer Letter applicable to regular employees of the first part. In the event of any conflict or ambiguity between the terms of this Agreement and terms of Offer Letter applicable to regular employees, the terms of this Agreement shall control.
II. Any reference to the masculine gender will also include the feminine gender and plural gender where appropriate.
III. This Agreement terminates and supersedes all prior understandings or agreements on the subject matter hereof. This Agreement may be modified only by a further writing that is duly executed by both parties.
IV. Any change in the above addresses of any of the concerned parties i.e. Company or Employee, shall be duly informed to the other parties by the party whose address has changed within a period of seven days of such change.
V. If no such change has been intimated or received, the addresses mentioned shall be deemed to be the addresses of the concerned parties.
VI. In case of any dispute arising out of the above Agreement, the jurisdiction shall be the courts in Hyderabad. No other courts either in India or outside India shall have jurisdiction in respect of the enforcement, interpretation and other aspects of and in connection with this Agreement.
Jurisdiction:
The parties agree that they will use their best efforts to amicably resolve any dispute arising out of or relating to this Agreement. Any controversy, claim or dispute that cannot be so resolved shall be subject to the jurisdiction of the Civil Courts of Hyderabad
IN WITNESS WHEREOF the First Part and the Second Part acting in person have signed and executed this Agreement in their respective names and on their behalf and delivered to the First Part on the Day, month and year first above written.
SIGNED AND DELIVERED BY
. .. .
First Part Second Part
XXXXXXXXXXXXXXXX XXXXXXXXXXX
For M/s. XXXXXX Technologies Pvt. Ltd.
Witnesses:
. .. .
Name and Name and
Address: Address:
From India, Hyderabad
As per you request I am sending a sample Sevice agreement copy that I have prepared for our company. Just modify the agreement accordig to your terms and conditions. Hope it helps. Regarding your second part of the question you can either take a Stamp paper of Rs. 20 or you can take a print out of the agreement and make the franking of Rs. 20 done by some stamp vendor.
Thanks & Regards,
Chandrakanth
AGREEMENT UNDER THE SERVICE CONTRACT
Agreement of Service Contract made on this the day of __________________, BY AND BETWEEN
M/s. XXXXXXX Technologies Private Limited a company Registered under The Companies Act 1956 having its Registered Office at # 301, XXXXX, T.L. XXXXXX Lane, XXXXX, Hyderabad - 500082 represented by its Authorised Signatory Mr. XXXX XXXXXXXXX, The Director of the Company hereinafter referred to as First part for brevity which term shall unless repugnant to the context mean and include its Successors-in-interest, sister companies, subsidiaries and assignees
AND
Ms. XXXXXXXXX D/o Mr. XXXXXXXXXX, aged about 23 Years, currently residing at Flat No. S4,XXXXXXXX, XXXXXX Nagar, XXXXXXXXt, Secunderabad, 500056... hereinafter referred to as Second Part.
WHEREAS
1. The Second part approached the first Part for a suitable employment in first Part Company XXXXXXX Technologies Private Limited.
2. The First Part after scrutiny of education qualification certificates of the Second Part has interviewed the Second Part for suitable position and agreed to appoint the Second Part as employee of XXXXXX Technologies Private Limited.
3. The First Part specifically mentioned to the Second Part that the Second Part has to serve XXXXXX Technologies Private Limited for a term of Twelve (12) months and enter into an Agreement under the Service Contract.
4. The Second Part has agreed and accepted the offer made by the First Part on such terms and conditions as mentioned herein.
NOW IT IS HEREBY MUTUALLY AGREED TO BY AND BETWEEN THE PARTIES AS UNDER: -
I. The Second Part has agreed to serve XXXXXX Technologies Private Limited for a term of Twelve (12) months on such terms and conditions as mentioned herein.
II. The period of Twelve (12) months for this agreement starts from the date the Second Part joins the Office.
III. The Second part if resigns from the services of the First Part earlier than the period as agreed and as stated at clause I for any reason attributable to the second part, then Second part hereby agree to give 60 (Sixty) days notice to the first part and second part further agree to abide with clause No IX as stated hereunder.
IV. During the period of the contract, the Second Part shall faithfully, diligently and to the best of the ability discharge the responsibilities. The Second Part shall confirm to carry out and obey all orders, directions and instructions of the first part and/or Authorities during the term of his employment and shall use his endeavor to promote the interest of XXXXX Technologies.
V. The Second Part shall devote his time and attention in receiving the necessary instructions or other purposes for which he has been engaged and shall not absent himself from duty at any time without prior written sanction of the First Part.
VI. The Second Part shall carry out all the duties and responsibilities of his position and shall perform all such work as may be entrusted to him or as he may be called upon or required to do such capacity, with due-diligence, punctuality and to the best of his ability and skill, and shall conduct himself honestly, faithfully and diligently at all times throughout the period of the term of his employment and shall not be guilty of any negligence, misconduct or misbehavior or commit any breach of this Agreement.
VII. During the employment period and thereafter, the Second part will not give out to anyone in writing or by word of mouth or otherwise particulars or details of work process, technical know-how, research carried out, security arrangements and/or matters of confidential or secret nature which Second Part may come across during his service period with XXXXXXXX Technologies.
VIII. The Second Part shall subject to be governed by the service rules, standing Orders and regulations of first Part in force from time to time, so far as they are not at variance with the terms herein contained and thereafter.
IX. In case the Second Part at any time makes a breach of all or any of the Provisions of this Agreement or fails to carry out all or any of his obligations hereunder, this Agreement shall automatically stand Terminated and the second part shall forthwith return to the First Part an amount equivalent to 6 (Six) months worth of monthly salary as stated in the offer letter. In case the Second Part fails to pay back the amount, the First Part shall be entitled to recover the same from any of the monetary claims that the Second Part may have or by having recourse to legal proceedings against Second Part at Second Parts risk, cost and/or from Second parts heirs, executors administrators, sureties etc.,
General:
I. First part hereby agrees to initially employ the second part as its Software Engineer and the second part hereby accepts such Offer of employment in accordance with the terms of this Agreement and the terms of the Offer Letter applicable to regular employees of the first part. In the event of any conflict or ambiguity between the terms of this Agreement and terms of Offer Letter applicable to regular employees, the terms of this Agreement shall control.
II. Any reference to the masculine gender will also include the feminine gender and plural gender where appropriate.
III. This Agreement terminates and supersedes all prior understandings or agreements on the subject matter hereof. This Agreement may be modified only by a further writing that is duly executed by both parties.
IV. Any change in the above addresses of any of the concerned parties i.e. Company or Employee, shall be duly informed to the other parties by the party whose address has changed within a period of seven days of such change.
V. If no such change has been intimated or received, the addresses mentioned shall be deemed to be the addresses of the concerned parties.
VI. In case of any dispute arising out of the above Agreement, the jurisdiction shall be the courts in Hyderabad. No other courts either in India or outside India shall have jurisdiction in respect of the enforcement, interpretation and other aspects of and in connection with this Agreement.
Jurisdiction:
The parties agree that they will use their best efforts to amicably resolve any dispute arising out of or relating to this Agreement. Any controversy, claim or dispute that cannot be so resolved shall be subject to the jurisdiction of the Civil Courts of Hyderabad
IN WITNESS WHEREOF the First Part and the Second Part acting in person have signed and executed this Agreement in their respective names and on their behalf and delivered to the First Part on the Day, month and year first above written.
SIGNED AND DELIVERED BY
. .. .
First Part Second Part
XXXXXXXXXXXXXXXX XXXXXXXXXXX
For M/s. XXXXXX Technologies Pvt. Ltd.
Witnesses:
. .. .
Name and Name and
Address: Address:
From India, Hyderabad
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