Employee Contract Bond Required

Hello,
My company has decided to hire employees on contract basis of one year.I would like to have the format of bond for smae.if any one has the format kindly post it on either citehr homepage or my e-mail ID [IMG]https://www.citehr.com/misc.php?do=email_dev&email=YnJpamVzaC5kZXNobXVraE ByZWRpZmZtYWlsLmNvbQ==[/IMG]
The bond/contract is (should be) of one year/Pune.we are IT Servicing Company providing solutions on solidworks software to manufacturing companies.We are recruiting Engneers for our own company.i WOULD LIKE TO AHVE THE FORMAT ONLY.Kindly help us out.
With Regards
Brijesh

HiBrijesh,

Please find bond format down:











I, Employee Name (employee aged about 26 years S/o XXX resident at Permanent Address. Executed this indemnity in favor of Company Name. (herein after referred to employer)

Whereas the employer has agreed to take the employee in the employment in the capacity of Designation.

Whereas the employee has agreed to faithfully serve the employer for a minimum period of 12 months commencing from Date of Join.

Now the condition of the indemnity herein executed is that the employee shall faithfully discharge his duties as Designation and the employee shall at all times hereinafter keep indemnified the employer against all losses, cause, damages & expenses which he may pay or sustain by reason of taking the said employee for employment by reason of any Act, Mismanagement, neglect or default of the employee or the employee leaving the employment before the minimum period of service undertaken to be served by the employee.

The employee shall indemnify the employer in the case of leaving the employment before the minimum period of service in a sum of Rs. CTC.

Signed and delivered by the employee to the employer.




Employee Name:

Signature

Date:
































If you find another format please post the same.


Regards,
Shiva