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Bond Agreement

1) The document is an employment bond agreement between Shams Engineering and Mr. Belal, appointing Mr. Belal as an Engineer/Database/operations for a period of 5 years. 2) As part of the agreement, Mr. Belal must keep his original education certificates with Shams Engineering. He must also devote his full time and abilities to the company. 3) If Mr. Belal resigns before the end of the 5 year period, he must pay double the compensation received from Shams Engineering. The company can also terminate the agreement by providing 1 month notice or immediately for misconduct or neglect of duties.

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373 views2 pages

Bond Agreement

1) The document is an employment bond agreement between Shams Engineering and Mr. Belal, appointing Mr. Belal as an Engineer/Database/operations for a period of 5 years. 2) As part of the agreement, Mr. Belal must keep his original education certificates with Shams Engineering. He must also devote his full time and abilities to the company. 3) If Mr. Belal resigns before the end of the 5 year period, he must pay double the compensation received from Shams Engineering. The company can also terminate the agreement by providing 1 month notice or immediately for misconduct or neglect of duties.

Uploaded by

scm se
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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Employment Bond Agreement

AGREEMENT OF Mr.********

THIS AGREEMENT is made on the 7th day of June, 2017 between SHAMS ENGINEERING,
a company registered under the Companies Act, and having its corporate office at House #
100/B, Road # 6/A, Old DOHS, Banani, Dhaka Cantonment, Dhaka-1206 (hereinafter
called the “ Company”) of the one part and Mr. BELAL residing at House # 12, Road #
15, Banani, Dhaka-1204. (hereinafter called the “Employee”) of the other part.
WHEREAS
The company is desirous of appointing Mr. BELAL as its Engineer -Database/operations and
the Employee has agreed to on the terms and conditions outlined here below.  

NOW THIS AGREEMENT WITNESSES as follow:

1. The said Mr. ************* is hereby appointed as the Engineer/Sales


Executive/Manager/ Database/operations of the company on (Joining Date) and he will
hold the said office, subject to the provisions made hereinafter, for the term of FIVE
Years from the date of this agreement. As a guarantee you are agreed to keep your
all-original education certificates with the custody of Shams Engineering.

2. Your monthly salary package will be as per mentioned in your appointment letter. 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 Management 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 Management of the
company and in all respect conform to and comply with the directions given and
regulation made by the Management. 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. In case of resignation before the expiry of the stipulated term, the said employee
remains committed to the company to pay back double of the compensation received by
him from the date of joining.

8. 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.

First Party Second Party


Signature: Signature:
Name: Name:
Address: Address:

Dated: Dated:

Witnesses:
1. 2.

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