BOND GIVEN TO AN
EMPLOYER FOR FAITHFUL DISCHARGE OF DUTIES BY THE
EMPLOYEE
LET
IT BE KNOWN TO ALL that I/we
Mr………….son
of………..residing
at………………….,
Indian Inhabitant (hereinafter referred to as the
"Employee") and
Mr…………..son
of……..residing
at……………, Indian
Inhabitant (hereinafter
called the
surety) bind ourselves to COMPASS LTD
(hereinafter called the "Employer") in
the amount of Rs………..
payable to the said employer or his heirs,
representatives or assigns, for
which payment we bind ourselves and each of
us, our and each of our heirs, executors
and administrators, jointly and
severally, on this …………day of
…….………..
NOW
THIS BOND OF SECURITY WITNESS AS FOLLOWING:
1 That the
employer has agreed to employ the aforesaid
employee as an …………..
in the aforesaid firm……… .in
consideration of the aforesaid employee and
the surety executing this bond in the sum
of Rs……….and subject to such
other condition as are prescribed hereunder
and for the due discharge of
his duties as the ………by the
employee. Now this bond has been
executed with the condition that if the
said employee discharges his
duties faithfully for the benefit of the
aforesaid employer then the above written
bond shall be void and ineffective
otherwise it shall have full force.
Employee_________
Surety____________
Witness__________
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