Chandan Garg
30 August 2008 at 10:10
We in our company when appoint some one as a trainee , we get a bond signed from them,
i am writing the essential clauses mentioned in the bond here , kindly tell me whether the bond is executable, kindly suggest if any of the clause is making the bond non executable in case the employee break the bond.
05. That the Trainee agrees to abide by the services rules whether during the period of his training or thereafter and other standing instructions with regard to attendance, leave, disciplinary matters and other rules as framed by Company from time to time. He shall also have to comply with such orders and instructions, which may be given to him from his superiors from time to time.
06. That the Trainee will not, at any time, whether during the continuance of this Agreement or afterwards, divulge or disclose to any person any knowledge or information which he may acquire in the course of his training period or during his employment with the Company and shall use his best endeavors to prevent the publication or disclosure thereof.
07. a. That if the Trainee leaves the Company during the training period of one year as agreed upon, then he shall be liable to pay back an amount of Rs. One Lac ( Rs.1,00,000 /- ) to the Company.
b. In case the Trainee, after completion of his training period, does not join work as a regular employee, then also he shall be liable to pay back to the Company an amount of Rs. One Lac ( Rs.1,00,000 /- ).
c. In case the Trainee joins regular work after completion of the training period, but does not complete the full period of three year’s services as agreed upon, then he shall be liable to pay back to the Company an amount of Rs. 2,00,000 /-.
d. In case the company asks the Trainee to leave the company for any other reason than given in clause 9 (a), then the Trainee shall be liable to compensation equivalent to the amount given in clause 7 (a), (b) or (c) as may be applicable at the relevant time.
e. For this purpose, it will be assumed that the Trainee has left the services of the Company if he absents himself without seeking sanctioned leaves for more than 10 days or more at a stretch.
08. That the Trainee specifically agrees that he shall not join any other firm or Company before completing the training of one year and service period of three years. He also agrees that it shall be lawful for the Company to restrain him by an order of injunction or otherwise in case he commits breach of this condition.
09. a. That if in the opinion of the management, the Trainee is negligent or inefficient in the performance of his duties or shows inadequate progress in work or is found to be otherwise unreliable or of unsober habits or immoral in conduct or should the Trainee willfully disobey orders or be in breach of this Agreement or be guilty of any misconduct or the Trainee has made any wrong declaration at the time of employment, then the management can, after giving an opportunity to explain and clear himself, terminate the training arrangements without any notice or payment of compensation in lieu of notice.
b. If the Trainee completes three years of regular service after his training period and continues in service thereafter, then all service Rules, Regulations and / or Standing Orders of the Company as may be applicable at that time will apply to him.
neelam desai
28 August 2008 at 12:11
Can anyone share the checklist of procedures and documents required for creation of security in favour of Debentureholders?
advocate satya
27 August 2008 at 14:27
sir
could i know what is the diffrence between oath commissioner and notary public, what is the critaria to get this license?
Prachi
26 August 2008 at 13:22
Would you be able to tell me what are the clauses that should be included in a lease agreement for a hotel?
Laxmi D Mate
25 August 2008 at 14:17
I required marathi Draft Documents esp.sale deed of flat and land,agreent to sale,poa.development agreementppartment.deed of possession,sathekhat.from where i will get the same.is there any site from where i can download it.i hrerby request to all the experts to send it if possible to my email id.i.e.laxmimate@ymail.com or mate.seema@gmail.com
Laxmi D Mate
25 August 2008 at 14:11
one person has purchased shop.he has also alloted a parking area.the said person has paid money for it.whether stamp duty is required to be paid on it?if yes at what rate.
Mr. Gaurav Pandya
25 August 2008 at 01:45
Can any give me the draft for Appeal to Collector for SUPPLY DEPARTMENT CASE ?
Naresh Paswan
24 August 2008 at 16:26
Can a foreign partner grant Power of Attorney to his Indian partner to act on his behalf? If yes then what is the procedure? Can the power of attorney be endorsed by an Indian Lawyer in India?
N.K.Assumi
23 August 2008 at 13:05
What are the main difference between power of Attorney and Vakatlama? Can a person holding power of Attorney pleads in the Court though not an advocate?
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I want to break this agreement
I have signed the agreement stating that i will join the company on 15 Sep 2008. But I dont want to join that company as my current company giving me vary good salary package.
Please suggest me.