Bond Given To An Employer For The Faithful Discharge Of Duties By An Employee Legal Draft Template
| Category | Agreements Bonds |
| Format | |
| File name | Bond Given to an Employer for the Faithful Discharge of Duties by an Employee |
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Know
All Men By These Presents that we, AB, son of.(hereinafter called the
employee) and CD son ofof..(hereinafter called the surety) are bound to Messes..(hereinafter
called the employers), in the sum of Rsto be paid to the said employers, or
their representatives, or assigns, for which payment we bind ourselves, and
each of us, or and each of our heirs, executors and administrators, and severally,
by these present.Dated
this..day of..2000.(Signed)
AB, in the presence of ..s/o.of(Signed)
CD, in the presence of...s/o.of..WHEREAS
the above named employers have agreed to take the above bounden employees into
their service as an accountant in consideration of the said employee and the
said surety entering into a bond in the sum of Rs.hereinbefore mentioned and
subject to such terms and conditions as are hereinafter mentioned, for the due
and faithful discharge of his duties as an accountant by the said employee.Now
the condition of the above written bond is such, that if the said AB shall duly
and faithfully discharge his said duties, or the said employee and the said
surety shall at all times hereinafter keep the said employers or their assigns
indemnified against all such losses, expenses and damages as the said employers
or their assigns may incur by virtue of their having taken the said employee
into their service, or as may result from, or be due to any act of mismanagement,
neglect, default or embezzlement of or by the said employee, during the period
of his employment or otherwise, then, the above written bond shall be void,
otherwise the same shall remain in full force.(Sd.)
AB in the presence of .s/o..of.(Sd.)
CD in the presence of..s/o..of..