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Employee Bond / Agreement Letter Agreement Cum Appointment Letter of XXXXXXXXX

This agreement letter outlines the terms of employment for an individual being appointed to the position of [Designation] at [Organization Name]. Key details include: - The agreement is between [Organization Name] and [Employee Name] for a term of [Duration] years. - [Employee Name] will receive a monthly salary package as outlined in Annexure I and be eligible for periodic compensation reviews. - [Employee Name] must devote their full time and efforts to the company's business, following the orders of the Board of Directors and promoting the company's interests. - Either party can terminate the agreement by providing one month's notice, or the company can immediately terminate for breach of provisions or misconduct

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451 views1 page

Employee Bond / Agreement Letter Agreement Cum Appointment Letter of XXXXXXXXX

This agreement letter outlines the terms of employment for an individual being appointed to the position of [Designation] at [Organization Name]. Key details include: - The agreement is between [Organization Name] and [Employee Name] for a term of [Duration] years. - [Employee Name] will receive a monthly salary package as outlined in Annexure I and be eligible for periodic compensation reviews. - [Employee Name] must devote their full time and efforts to the company's business, following the orders of the Board of Directors and promoting the company's interests. - Either party can terminate the agreement by providing one month's notice, or the company can immediately terminate for breach of provisions or misconduct

Uploaded by

swati verma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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EMPLOYEE BOND / AGREEMENT LETTER

AGREEMENT CUM APPOINTMENT LETTER OF


XXXXXXXXX
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 months 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 name)

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