Sample Template Example of Employment Memorandum of Understanding Between Tow Parties ( Company HR & Employee ) with 2 years Job Contract Agreement with Terms & Conditions in India in word / doc / pdf Free Download
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Signature
Download Service Contract Agreement Format:-
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Click Here For:- Sample Memorandum of Understanding between two parties Agreement Format
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Click Here For:- Contract Termination Letter Sample
Click Here For:- Affidavit Format in India
Memorandum
of Undertaking:
I, ____________,
S/o Sri _______________________, Aged: ___ years, R/o
___________________________________________________________________ (Permanent
address to be mentioned), pursuant to my selection & appointment as
_____________________ at ________________________Unit, do hereby execute this
Bond/ Memorandum of Undertaking (hereinafter referred to as MOU for
convenience) in favour of M/s ______________________________________
(hereinafter referred to as “Company” for convenience) and agree and
hereby giving my full consent as follows
1.
I hereby agree to serve the “Company”
in the position & salary offered to vide Offer letter Dtd._____________ for
a minimum period of 1 (ONE) year commencing from the date of
execution of this MOU.
2.
I do hereby agree to the existing rules and
regulations of the “Company” and rules and regulations framed / amended
from time to time.
3.
I do hereby agree that during the said
period of 2 (TWO) years I shall not leave the “Company”
for any reason whatsoever. I also agree
that in the event I intends to leave the “Company” for any reason
whatsoever prior to the completion of the said minimum period of 2 (TWO)
years from the date of execution of this MOU, I will compensate the “Company”
by paying an amount equivalent to sum of “ Six Months” total
emoluments at the rate of emoluments last drawn by me.
4.
I do hereby undertake that during the
tenure of my working with the “Company”, I shall serve the “Company”
faithfully and diligently, devote my whole time and shall comply with all
directions and orders of the “Company” and / or its Officers and / or
authorities under whom my services are placed by the “Company” from time
to time. Further I shall not divulge or
disclose any of the secrets of the Company and engage myself and / or have any
concern with any other firm / Company or business or organization at any time
during the tenure of my service with the “Company”. In case I found guilty of committing
insubordination, insult or disobedience to any of my superiors, gross neglect
of work, non-performance, carelessness, damage of equipment, interfering with
the records of the “Company” etc., I shall be liable for any
disciplinary action including dismissal by the “Company” and in such
event the “Company” shall not liable to pay to me any compensation as
mentioned in Clause 3 of this MOU.
5.
I do hereby undertake to leave from the
service of the “Company” if I found medically unfit to continue the
service any more and I will not be entitled for any compensation.
6.
I do hereby undertake that I am not
entitled to leave the employment with any notice period during the period of
minimum guaranteed service as per this MOU and entitled to leave the employment
by following the due procedure prescribed in the terms & conditions of my
appointment, only after serving the said minimum guaranteed period as per MOU.
7.
I do hereby undertake that the relevant
provisions of the Staff Rules and regulations of the “Company”, which
are not contrary to what been expressly referred to in the present MOU, shall
be binding on me.
8.
I do hereby undertake that after completion
of 1 (ONE) year of agreement, I shall be deemed to continue in
service with the “Company” until termination by either side.
I declare that I am
executing this MOU in favour of “Company” with my own will and consent
in presence of the following witnesses on this the _______ (date) day of
____________ (month) 2014 at
______________ (place).
Signature
Witnesses
(with address)
1.
2.
Download Service Contract Agreement Format:-
For IT, MNCs, KPO, BPO, Banks, Manufacturing, Insurance & Retail Companies
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