|
EMPLOYEE SERVICE AGREEMENT
THIS EMPLOYEE SERVICE AGREEMENT executed at __________
on this the _______ day of _____________ _________
BETWEEN
_______________, a company incorporated under the Companies
Act, 1956, represented by it's ________________Mr./Ms.
_______________, son of / wife of/ daughter of Mr. ___________
having it's registered office at ________________________________________________,
hereinafter referred to as the EMPLOYER (which expression
shall, unless it is repugnant to the context, mean and
include it's successors-in-interests, administrators and
permitted assigns);
AND
Mr./Ms. ______________, son of / wife of/ daughter of
Mr. ____________, Indian, ______________, aged about _____________years,
residing at ______________________________________________,
hereinafter referred to as the EMPLOYEE.
WHEREAS
The EMPLOYER is carrying on the business of ________________.
The EMPLOYER called for applications from the eligible
candidates for the post _________and in response thereto
an application-dated ____________ was forwarded by the
EMPLOYEE to the EMPLOYER.
On processing the application and the relevant documents,
the EMPLOYER found the EMPLOYEE adequately qualified for
the post and offered to appoint him as __________________________
in the Company.
The EMPLOYEE has accepted the said appointment on the
terms and conditions herein after set out.
NOW THEREFORE IN CONSIDERATION OF THE MUTUAL OBLIGATIONS
AND UNDER TAKINGS CONTAINED HEREIN THIS AGREEMENT WITNESSETH
AS FOLLOWS
NAME OF THE POST:
The said EMPLOYEE is hereby appointed as ______________.
PROBATION AND CONFIRMATION:
The EMPLOYEE shall be on probation for a period of ________.
The decision of the management on the performance of the
EMPLOYEE during the period of probation is final and binding
on the EMPLOYEE.
DURATION OF EMPLOYMENT:
On successful completion of probation, the EMPLOYEE shall
be appointed as a permanent EMPLOYEE of the EMPLOYER for
a period of ____________.
PLACE OF POSTING:
The EMPLOYEE shall report to work at ___________________,
on ___________________.
HOURS OF WORK:
The EMPLOYEE is required to work from ___________ to ________
during the Weekdays. The weekly holiday would be on ________.
REMUNERATION
The EMPLOYER shall pay the EMPLOYEE a stipend of Rs. __________/-
during the period of probation. On successful completion
of probation the EMPLOYER shall pay the EMPLOYEE a basic
salary of Rs. __________.
The EMPLOYER shall increase the basic salary of the EMPLOYEE
as per the policy of the EMPLOYER.
PERQUISITIES & HOLIDAYS:
On confirmation, the EMPLOYEE shall be entitled to other
benefits, monetary/leave, as is prevalent in the Company,
from time to time, as per the ________________________.
ARBITRATION:
Any dispute arising under this Agreement or any matter
incidental thereto, shall be submitted for arbitration
as per the provisions of Arbitration and Conciliation
Act, 1996.
IN WITNESS WHEREOF the parties hereto affixed their signatures
on the day, month and year mentioned herein above.
SIGNATURE OF EMPLOYER
SIGNATURE OF THE EMPLOYEE
WITNESSES:
1.
2. |
