0% found this document useful (0 votes)
210 views

Employment Contract

This document is an employment contract between a company and an employee. It outlines the terms of employment such as compensation, probation period, confidentiality requirements, non-compete clause, minimum employment period, termination process, and other miscellaneous provisions governing the employment relationship.

Uploaded by

Alankar Narula
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
210 views

Employment Contract

This document is an employment contract between a company and an employee. It outlines the terms of employment such as compensation, probation period, confidentiality requirements, non-compete clause, minimum employment period, termination process, and other miscellaneous provisions governing the employment relationship.

Uploaded by

Alankar Narula
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 5

EMPLOYMENT CONTRACT

This Employment Contract is made at {Enter City, State} and effective this ___ Day of
________, 2016

BETWEEN: Mr./Ms.................................................... (the "Employee") S/o.D/o.W/o.


Mr. ......................................., an ____________ Resident residing at:
....................................... ....................................... ......................................., {Enter City, State}.

the Party to the First part

AND: ....................................... (the "Company"), a Private Limited Company/Partnership Firm


registered in {Enter City, State} having its registered office at: ....................................... , {Enter
City, State}.

the Party to the Second part (Collectively referred to as ‘’Parties’’)

The term Party to the First Part and Second Part or Parties wherever occurs shall include its heirs,
successors, assignors, legal representatives, executors or administrators wherever the context so
admits.

This Contract is entered by the Parties subsequent to the issue of appointment letter or execution
of the employment contract dated the ___ Day of ______________, 2016.

WHEREAS, the Company desires to employ the Party to the First Part and the said Party desires
to be employed/ appointed by the Company in employment for the post of Designation &
Department

Employee Service Conditions: Following are the terms and conditions associated with your
employment: “Company” or “{SHORT COMPANY NAME}” for all purposes shall mean
{FULL COMPANY NAME} “You” or “Candidate” for all purposes shall mean
Mr./Ms. ........................................

1. Remuneration:

Your monthly gross salary will be __. .................. (....................................... only). The
allowances, incentives and other benefits of your employment will be as per Company policies as
applicable from time to time and based on performance, as may be mutually decided by the
Company and the Candidate.

2. Period of Probation: Your employment by the Company is subject to a probationary


period of up to {Enter month in number (in words)} months, during which time you
will be required to demonstrate to the Company's satisfaction your suitability for
the position in which you are employed. During the period of probation, the
Company shall be in a discretionary power to remove or extend your probation
period depending on your performance and occupational efficiencies for the
position in which you are employed.

3. Place of Employment:

The Candidate’s initial place of posting/employment will be in {Enter City, State} and the
Candidate shall have to travel to different cities during the tenure of his/her employment.

Company has business units/offices in {Enter City, State} and the Candidate may be transferred
within or across business units based on the requirement of Company. The Candidate
acknowledges the business requirement and agrees for such shifting of employment location.
{DELETE IF NOT APPLICABLE}

You may be required to travel on Company work and you will be reimbursed expenses as per
Company policies.Your travel/conveyance allowance/reimbursement is strictly between yourself
and the Company. It has been determined based on numerous factors such as nature of
assignment, job role and skills. This information and any changes made therein should be treated
as personal and confidential.

4. Training and Development: During the course of your employment, to enable you to
discharge your duties efficiently, Company may invest in you by providing you
specialized and/or certified job-related training. If you choose to separate from the
Company after undergoing the training (before a minimum period as may be
communicated prior to such training), Company has the right to recover any and all
expenses expended on your training including and not limited to associated expenses
thereof.

5. Confidentiality Clause: The Candidate recognizes and acknowledges that the system,
business materials, marketing strategies, operational planning, product/service
pricing policies, client details, salary, revenues, user information, software
knowledge and all system documentation relating thereto ("Proprietary
Information") which Company owns, plans or develops, whether for its own use or
for use by its clients or relating thereto are confidential and proprietary to the
Company. The Candidate further recognizes and acknowledges that in order to
enable the Company to perform services for its clients, such clients may furnish to
the Company Confidential Information concerning their business affairs, property,
methods of operation or other data; that the goodwill afforded to the Company
depends upon, among other things, the Company and its employees (Candidate)
keeping such services and information confidential (collectively, including Company
systems and Company’s client information, the ‘’Confidential Information’’)

6. Non- Disclosure Clause: The Candidate agrees that, except as directed by the Company,
the Candidate will not at any time, whether during or after his/her employment
with the Company, disclose to any person or use any confidential information, or
permit any person to examine and/or make copies of any documents which contain
or are derived from Confidential Information, whether prepared by the Candidate
or otherwise coming into the Candidate’s possession or control without the prior
written permission of the Company. Any separate Agreement entered between the
Candidate and the Company, elaborating this Clause, shall be construed as part of
this Contract and shall be fully binding on both the Parties.

7. Non- Competition Clause: The Candidate agrees and covenants that because of the
confidential and sensitive nature of the Confidential Information and because the
use of, or even the appearance of the use of, the Confidential Information in certain
circumstances may cause irreparable damage to the Company and its reputation, or
to clients of the

Company, Candidate shall not, until the expiration of {Enter months in number (in words)}
months after the termination of the employment relationship between the Company and the
Candidate, engage, directly or indirectly, or through any corporations or associates in any
business, enterprise or employment which is directly competitive with the Company and its
services. Any separate Agreement entered between the Candidate and the Company, elaborating
this Clause, shall be construed as part of this Contract and shall be fully binding on both the
Parties.

Your employment is also contingent upon your ability to work for the Company without
restriction i.e. you do not have any non-compete obligations or other restrictive clauses with any
previous employer. However subsequently if any non-compete obligations are discovered you
shall be personally liable for the same.

8. Minimum period of Employment: The Candidate acknowledges that substantial costs


and time will be invested on him for training him specifically for effectively
handling the job responsibilities and any discontinuance of the employment before
the expiry of the {Enter months in number (in words)} months term would unfairly
prejudice the Company, and as such, the Candidate undertakes not to leave the
services of the Company, for any reason what so ever, for a minimum period of
{Enter months in number (in words)} months from the date of his/her joining the
services of the Company. Any separate Agreement entered between the Candidate
and the Company, elaborating this Clause, shall be construed as part of this
Contract and shall be fully binding on both the Parties.

9. Termination of Contract: The Candidate shall serve a notice period of {Enter days in
number (in words)} days for/before separating from the Company’s services. The
Company and the Candidate acknowledges and agrees that the serving of notice for
leaving the service of the Company is essence of the Contract and shall be strictly
adhered to. The Company shall have the right to terminate this Contract/Agreement
at any time for lack of performance, for non-disciplinary behaviour or for any
breach of this Agreement without any prior notice. Upon your resignation or
retirement from the company or termination of your services, you are required to
return all assets and properties of the Company such as systems, business materials,
documents, correspondence, machines, data, files, books etc. If you are absent for a
continuous period of 5 working days without obtaining management’s approval,
company may construe this as an act of abandonment and will proceed to follow the
process as defined under the policy concerned. You will retire in the normal course
from the services of the company at the end of the month in which you attain the age
of superannuation, which is 58 years.

10. Miscellaneous Provisions:

i. You have confirmed that you shall be exclusively working for the company and will not either
directly or indirectly take up any employment, engage in any business, educational
courses or engage in any service with any other person or entity either on part-time basis
or otherwise.

ii. You will strictly adhere to the guidelines, policies and/or code of conduct of the Company
pertaining to working hours, leaves, dress code, office cultures and conducts and will
work within the frame work of the company policies as decided from time to time.

iii. If any information furnished by you in your application for employment or during the
selection process, is found at any time during your employment to be incorrect or false,
and /or if you have suppressed

material information regarding your qualifications and experience, the Company may terminate
your services without notice or compensation.

iv. It is your responsibility to notify the Company of any changes in your personal
information (like address, contact phone number, additional qualifications, marital status,
change of nomination, passport details etc.) within 3 working days.

v. You will abide by the Employee Service Conditions as enumerated above. Any and all of the
terms and conditions of service may be modified, altered or changed at any time by the
Company at its discretion.

You are required to sign and submit a copy of this letter of appointment and agreement as a token
of your acceptance of Company’s terms and conditions.

We once again welcome you to our team and look forward to your contribution towards success
of the organization and yourself.

Thanking You.Best Regards,For {Enter FULL COMPANY NAME}

__________________
.......................................Managing Director/Director/CEO/Partner/Proprietor

Verified and Accepted:

I have read, understood and accepted the above Employee Service Conditions/Contract. I
understand that the Employee Service Conditions are the basis of my employment with the
Company. I have also ensured that the Company has good future prospects and is capable of
offering me career growth. I am under no obligation or duress to accept these terms and
conditions of employment, I accept them of my own free choice and will.

_____________________
.................................

Date: __/__/2016

Documents Submitted:

1. Identity Proof

2. Address Proof

3. Other Documents

You might also like