Please can someone forward me the Employee Bond Format which binds the employee to stay with the company for at least 2-3 years? In case he leaves without notice, he needs to pay for the same.
From India, New Delhi
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12From India, New Delhi
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Dear Shweta,
There is no particular format for bond letters. Companies prepare them according to their own needs and requirements. Just follow the normal appointment clauses with the exception of the notice period clause and replace it with the clauses which state that the person will be working from such a period to such a period and in case of variation from the same, he or she will be liable to pay a certain amount to the company as compensation. Keep in mind that the basic objective of the bond letter is to bind the employee with the company for a particular period of time. Try preparing one yourself and get back. I will help you to rectify it if required.
Regards
From India, New Delhi
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There is no particular format for bond letters. Companies prepare them according to their own needs and requirements. Just follow the normal appointment clauses with the exception of the notice period clause and replace it with the clauses which state that the person will be working from such a period to such a period and in case of variation from the same, he or she will be liable to pay a certain amount to the company as compensation. Keep in mind that the basic objective of the bond letter is to bind the employee with the company for a particular period of time. Try preparing one yourself and get back. I will help you to rectify it if required.
Regards
From India, New Delhi
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Dear Sweta, I am sending Employee Bond formatt being used by me for my organization, But you can customise this to your requirement, ask me if u have any doubts, Regards,
From India, Ahmadabad
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From India, Ahmadabad
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Dear all,
I'm Nazriq from Malaysia. Can anyone show me how to write/draft an employee bond? I have two workers who will transfer to Dubai for 2 years. I'm still new to this matter, thus I would like to know how to write the bond. Thank you!
From Malaysia, Kuala Lumpur
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I'm Nazriq from Malaysia. Can anyone show me how to write/draft an employee bond? I have two workers who will transfer to Dubai for 2 years. I'm still new to this matter, thus I would like to know how to write the bond. Thank you!
From Malaysia, Kuala Lumpur
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Hi All,
I am also facing an issue where an employee from my parent company needs to be sent on deputation to the subsidiary. What would be the execution of the agreement and how will the retirement/statutory benefits be applicable to the deputee as he would be continuing his service with the next employer.
Regards,
Sushmita
From Singapore, Singapore
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I am also facing an issue where an employee from my parent company needs to be sent on deputation to the subsidiary. What would be the execution of the agreement and how will the retirement/statutory benefits be applicable to the deputee as he would be continuing his service with the next employer.
Regards,
Sushmita
From Singapore, Singapore
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Dear gk9209,
This is the requirement that my company needs:
1. Employees have to stay in Dubai for 2 years.
2. Salary/Remuneration/Allowances
3. Insurance coverage
4. Work schedule/working hours
5. Leave/Benefit entitlement
6. Termination during secondment/Resignation Notice period
7. Confidentiality/secrecy
Thanks!
From Malaysia, Kuala Lumpur
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This is the requirement that my company needs:
1. Employees have to stay in Dubai for 2 years.
2. Salary/Remuneration/Allowances
3. Insurance coverage
4. Work schedule/working hours
5. Leave/Benefit entitlement
6. Termination during secondment/Resignation Notice period
7. Confidentiality/secrecy
Thanks!
From Malaysia, Kuala Lumpur
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Dear Sweta, Please find the attachment of Employee bond, hope it will serve your purpose. Regards, Ameet
From India, Chandigarh
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From India, Chandigarh
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Hi, for a bonded employee who signs the agreement with the bond term of 1 year, usually the employee pays to the company if he/she leaves within 1 year. What if the company asks him/her to leave, will the company pay him/her? Any experience? Thanks.
In the scenario of a bonded employee who has signed an agreement with a bond term of 1 year, typically, the employee is required to pay the company if he/she leaves before the completion of the bond period. However, the situation may differ if the company initiates the departure of the employee. In such cases, it is essential to clarify the company's policy on compensation in these circumstances.
If you have any experience or insights on how such situations are handled, please share. Thank you.
From United Arab Emirates, Dubai
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In the scenario of a bonded employee who has signed an agreement with a bond term of 1 year, typically, the employee is required to pay the company if he/she leaves before the completion of the bond period. However, the situation may differ if the company initiates the departure of the employee. In such cases, it is essential to clarify the company's policy on compensation in these circumstances.
If you have any experience or insights on how such situations are handled, please share. Thank you.
From United Arab Emirates, Dubai
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Hi sir, this is Narendra. Recently, I was appointed as a 'Legal Consultant' in a 'Social Media Company', and my work involves handling all legal issues, particularly in the field of Intellectual Property Rights (IPR). Although I am new to this subject, I am required to prepare agreements with political figures, film celebrities, actors, and others to promote their images, videos, movies, etc., through platforms like 'YouTube', 'G+', and more. For this task, I need your assistance in obtaining the latest formats of 'Service Provider Agreements,' 'Assignment Agreements,' 'Audio Agreements,' and other agreements related to the IPR subject. I hope to receive your help in this matter.
From India, Hyderabad
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From India, Hyderabad
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Hi, I am working in a company which is into a hospitality industry having there own resorts. I would like to have a format of employee bond related to hotel and resorts.
From India, Mumbai
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From India, Mumbai
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I request my employer to give me sponsorship for higher studies in the USA. He is ready to provide the required tuition fees for my higher studies, but he wants to create a deed stating that I will serve his company for a minimum of 3 years after completing my MS degree. Please provide me with a sample copy of the deed for my studies. Understanding the rules and conditions will help me negotiate with my company. Please help me.
From United States, Long Island City
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From United States, Long Island City
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how to write a bond letter related to merchandiser, who cannot join elsewhere in similar designation
From India, Kolkata
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From India, Kolkata
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hi all breaking of bond have to call civil suit as per labour law you cant’t prevent employee from leaving the service only notice pay if any as shown in standing order can be recovered
From India, Mumbai
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From India, Mumbai
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Hi,
Could someone please forward me the Employee Bond format which binds the employee to stay with the company for at least 1 year? The notice period is 1 month in case the employee leaves before 1 year or without notice; in such cases, they need to pay one month's salary to the company.
Thanks,
Vivek
From India, Jaipur
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Could someone please forward me the Employee Bond format which binds the employee to stay with the company for at least 1 year? The notice period is 1 month in case the employee leaves before 1 year or without notice; in such cases, they need to pay one month's salary to the company.
Thanks,
Vivek
From India, Jaipur
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indemnity bond if employee disclosed confidential information to other he will liable for 5 laks
From India, New Delhi
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From India, New Delhi
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Need to get into a bond agreement with company can I make my wife as surety.
From India, Mumbai
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From India, Mumbai
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.I am currently working As HR at s/w company Can someone plz send sample employee bond
From India, Bengaluru
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From India, Bengaluru
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It is right if the employer tells the employee to sign the one-side bond. One side means that the bond mentions if the employee leaves the job or the company terminates the employee due to any reason before the 3-year tenure, then the employee has to pay 3 lakh as compensation for the 2-month training. Is it legal?
From India, Jaipur
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From India, Jaipur
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BOND BY AN EMPLOYEE FOR NOT ENGAGING HIMSELF.doc
BOND AGREEMENT and bond demand_compress ed.pdf