Upload
others
View
1
Download
0
Embed Size (px)
Citation preview
SERVICE AeREEMENT CuM SURETY BOND (To be ®xeouted. on non]udlelalStamp paper worth Of RS. -- (R.. {Of, the value as per qufo. of theState} only and Rs 1.00 (RST One ortly) R®v®nu® Stamp to be affixed oh top left sloeofrirstpage.
Thle contract in?d® on this _ day OfBETWEEN the KVS through the
KVS) liavjng Its . office at
Two thousand and Nlneto®n
(designatlon of the person. inri®reafter called the .Employer
(which term Shall unless repugnant to the context mean and Include its successorsin-intorest and permitted assignees) Of the ONE. PART; AND,
§hrvsmt./Ku .......,...,.......,............,...............,.................,.........., Son/ daughter Of
Shri....„.....„„...„...„,....„„„...........„...„.....Residentof.„........„..„„..„.............,......„...
„ „ . . „ ..... „ . „ . . „ . . „ ........ „ .......... „ ..... in the tohsII of the .... : .... „„ ............ „ ..... „ ...,.. „ ........
Distrlct ..............,...................., herolhafter called the. "Probationerfemploye®W (which
term shall unless repugnant to the context mean and include its success.ore-lnThtorest
and permitted a§signees) Of the SECOND PART; ` AND,
Shri/Smt./Ku .... „..„ .... „ ..... „ .,.................... „ ................. „„.„ .......,. son/daughter Of
Shri; ..... ; ................ „..„ ................... „:„...„ Resident of .................................................
...„ ......,.............. „.„..„„...!n the tohsil of thj ..................................................
District ..................................., here!nafror called the `Surofy" (which ten shall unless
:[utygnn:nat)to°f:::.T]Hi::::eDrdpxie:n.|jEdAnc'udeifesucoessors-lndnterestandpemitted
WHEREAS the employer has offered to engage ShrvsmtJKu .....................,........,...,,.
..: ........ t.„ ..............., as .„..„ ................... „„ ...........,........ (pest) for on a probation/ training
for a period of years, which may be extended and the probatloner/employeehas agreed to accept the offer Of the employe+.
AND WHEREAS Shri/§mt./Ku .......................,...............,.. has bcon §electBd by the
Erriploysr as vide its offer of appointment
No. „ ........... „„„„ ,......,.............. dated ,........... „ ............. for undergoing
trainlng/probatlon.with a vlow to utilize his/her service with the Employer ator successful
completion Of the training, which offer has been unequivocally accepted by the
probatloner;
AND WHEREAS ln torme of clause of the Main T®rms and Condltlone Of th®said offer Of appointment, the `Probationer i§ required to .undergo initial training as
determinedby}heEmployerforaperrdOftwenty-fourmonths.whichma.ybeextended
to twelve more months in case of unsatisfactory performance by the Probationer, and to
serve the Employer for a minimum period of 2 years from the date Of joining on initial
appointment in KVS.
AND WHEREAS in terins of clause of the Main terms and Conditions of thesaid offer of appointment, the Probationer and his Surety are required to execute a
Service Agreement oum Surety Bond on nan-judicl.al stamp paper in favour of the
Emptoy®r, undertaking to complete the training and to serve the Employer for a minimum
period of two years failing which the Probationer and the Surety shall be jointly andseverallyboundtopaytheEmployerasumOfRs.2,00,000/-(RupeesTwoLakhsonly);
ANDWHEREAStheProbationerrecognizesandacceptsthatatthetlmeOfappointment
as Probatloner, except exposure to academic knowledge, he/she has received no formal,erfedive, technical or practical training enabling hirrmer to become professionally viable
to the Employer;
AND WHEREAS the Probationer ls aware that the Employer would be Incurring
substantial sums of money and incurring substantial costs, expenses, man hours in the
prcoessofselectingandappointinghimtherasProbationer&traininghimmerthereafter.
ANDWHEREASthiss®rviceagreementoumsuretybondex®cutedwiththeEmployerby
the Probatloner along with a Surety to the exteut Rs. 2,00,000 (Rs. Two lakhs only) will
bo used for Indemnifying the Employer against all such costs as mentioned above by
reason Of breach and/or noncompliance of any Of the terms of this agreement with by
the Probationer;
ANDWHEREAStheProbationeralsoagreesthatifhe/shecommitsanybreachofanyOf
the conditions of this agreement, the ' Probationer and the Surety Shall be jointly and
severally liable to pay to the Employer on demand Immediately the above Said sum of
R§. 2,o0,000 (Rupees Two lakhs only) from the date of breach Of the terms of the
contract.
ANDWHEF`EASlnorderto8®ourodeEmpley®ragainstth®®xpensealnou«eddylton
thetrainingOfthoProbationerandtoensuredu.compllancoOfalltem§andcondiuonsstipulated by the Employer and accepted by the Probationei it is agne®d that theProbationershallbeliabletocompensatetheEmployerinthemannerandunderthe
ciroumstancesenumeratedinthisagreement:
lNWITNESSWHEREOFTHEpartie§herctohavesignedtheseproeentsonthi§dateandyearinthepresenceofthefollowingwitriesses:
WITNESSES:(FortheProbationer&Surety)ClearSignature:
1. Name: .............................. „ Slgnature Of the Probatoner Address."........-.-.----....-......-....-.-.......-....-..-I.......'..-...-..-..-.....-...........-„.."
2. Name Slgnafure of the Surety ...??.:.r.:=::::::::::::::::::::::::::::,.
Occupaton ...,......................,.................................,,......... PAN No.
Name -..-..............-.-.-..... " ".
Address.„„.......„„.„.„........................-..-.-.-..... ". .." ....-..-....--..-...-..------....
(Altestation Of signatures of Probationer and Surety by Gazetted Officer)
Signature Of th`e•!-I:.i.:§I.I.±..' ...... '."..i..." ......... ±..... "...".-''jp Gazetted OncerProbation.I Sisnaturo Of the Surety Atto§tod Slgnafuro & Seal of Gazetted Oncer
Address
Signature Of the
For office use only)
WITNESSES: (For the Employer) 1. Aaeptod. Name: ................. „ ........ „... n..._,_. .__`1 .--- _ _f ,I,- -I,"I .... '.I ..-.....--............. ' ....
For and on behalf of KVS ...........................................
2. Address .............................
I....-........--..,..-.--........"..
Name..-.........-........-........
Name....-.-..............-..--...
`„