Employment Bond

EMPLOYMENT BOND This Employment Bond is executed on [execution_date] between [company_name] (hereinafter "the Company") and [employee_name] (hereinafter "the Employee"). WHEREAS the Company has agreed to provide the Employee with the following: [training_or_investment_details], and in consideration thereof, the Employee agrees to serve the Company for a minimum period as set out below. 1. BOND PERIOD The Employee agrees to remain in continuous employment with the Company for a minimum period of [bond_period_months] months from the date of this Bond. 2. BOND AMOUNT Should the Employee resign or be terminated for misconduct before completing the bond period, the Employee agrees to pay the Company Rs. [bond_amount] as reasonable compensation for the training or investment provided, pro-rated for time already served as may be agreed. 3. EXCEPTIONS This Bond shall not apply if the Company terminates the Employee's employment for reasons other than misconduct. IN WITNESS WHEREOF the parties have executed this Bond on the date first written above. FOR [company_name] EMPLOYEE [employee_name]