FIXED TERM CONTRACT OF EMPLOYMENT

ENTERED INTO BETWEEN:

_______________________________
Registration number: __________________
(HEREIN REFERRED TO AS "THE EMPLOYER")

and

Name: __________________________

ID Number: _____________________
(HEREIN REFERRED TO AS "THE EMPLOYEE")

Address: ____________________________
______________________________
______________________________
_____________________________
1. Basis
1.1. It is recorded that this contract is concluded on the basis that:
1.1.1.One Wayos Investment Group Inc. (hereafter referred to as the “company” is a private limited
company registered under the Companies Act, 201, CAP 486 of the Laws of Kenya.
1.1.2.The employer or as employee of the employer;
1.2. Should any one of the bases set out in paragraph 1.1 cease to apply, the employee shall be entitled
summarily to terminate this contract.
2. Conditions of Employment
2.1. The Employee’s conditions of employment will be governed by the Basic Conditions of Employment
Act.
2.2. Should any term of this contract conflict with any existing or future law, such law shall be binding in
respect of the said only and all other terms of this contract shall remain valid and binding upon the
parties.
2.3. No indulgence or condonation granted by the Employer shall constitute a waiver of any of the
Employer’s rights in terms of this agreement.
2.4. No amendment of this contract shall be valid unless reduced to writing and signed by the parties.
3. Commencement
Employment began on ___________________________________ and will continue until terminated as set
out in clause 4 and 14 of the contract.

4. Duration

By entering into this fixed term contract, the Employee understands and expressly acknowledges that the
duration of employment with the Employer in terms of this Fixed Term Contract will be specifically linked to
the employee’s performance as an Accountant. This Fixed Term Contract may be prematurely terminated
should the Employee not successfully perform their obligations as set out under this contract:

5. Employment and Duties

5.1. The Employee will be employed as an Accountant. The employee will report directly to director of
the company.
5.2. The Employee hereby agrees to obey all lawful and reasonable orders or instructions from the
Employer.
5.3. Should the need arise the Employer reserves its right to transfer the Employee from one area of the
business to another.
5.4. The Employee may be required, from time to time, to perform additional duties as directed by the
Employer.
6. Probation

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 The employee is appointed for a probation period of 3 (three) months, renewable for the next one year. The
employer shall be entitled to terminate this contract before the expiring of the probation, due to the
employee's misconduct, incapacity or due to operational reasons. The employer undertakes to follow all
relevant procedures and guidelines as set out in the schedules to the Employment Act of Kenya.
7. Place of work
7.1. The employee will be required to report for duty at the premises of the company at 0800hrs every
day on weekdays.
7.2. The Employee may be required to work at other places as may be reasonably required by the
Employer.
8. Remuneration
8.1. The Employee will receive:
8.1.1. a monthly salary of Kshs. ________
8.2. Payment of the Employee’s salary will be made into his/ her payment account on the 5 th day of
each month.
8.3. The following deductions shall be made by the Employer from the Employee’s salary:
 Any shortages in the books as a result of the employee’s mistake.
 any other deductions as authorised by the Employee in writing.
8.4. Expenses including phone calls and mileage will be covered by the company.
8.5. Payment of an annual bonus is not a condition of employment but shall be subject to the sole
discretion of the employer depending on the general economic climate and the performance results
of the company as well as the employee concerned.
9. Hours of work
9.1. You are required to work 48 hours per week.
9.2. Core working hours will be 8.00am to 6.00 pm on Monday to Friday and 9.00 am to 12.00 noon on
Saturday. It is a condition of employment that during core working hours employees must be in the
office available for work or meeting with clients.
9.3. The employee will be entitled to an unpaid lunch break of One Hour. Lunch time is 13:00pm unless
otherwise agreed with the manager.
10. Overtime
10.1. It is a condition of their employment at the Company, that the employee work such overtime as may
be reasonably required by the Company from time to time.
10.2. The Employee agrees to work such overtime as may be required by the Employer and the Employee
shall be remunerated for time worked in excess of the ordinary working hours at the applicable rate
in law, alternatively with time off in lieu of overtime worked.
10.3. Any work on a Sundays shall be by agreement between the parties. If the employee works on a
Sunday, he/she shall he paid double the wage for each hour worked.
10.4. All overtime must be agreed in advance.

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11. Grievance and Disciplinary Policy
11.1. The Employee should address any grievances that arise during the period of employment by
following the standard grievance procedure of the Employer.
11.2. Disciplinary matters shall be dealt with in terms of the Employer’s disciplinary procedure and code
which may vary and be amended from time to time.
12. Termination of Service
12.1. This contract will automatically renew on expiry of this fixed term (i.e. on completion of the
three-month probation (i.e. on or before __________________) for the next 3 quarters.
12.1.1. In the event of the termination of employment, either party shall be required to give written
notice as follows:
one week where the employee has been employed for one month or less; or
two weeks where the employee has been employed for more than two months or longer.
four weeks where the employee has been employed for longer than three months.
12.2. The Employee’s employment may be terminated summarily, without notice or compensation, if the
Employee materially breaches any obligation contained in this fixed term contract or in
circumstances justifying such in law.
12.3. The Employer may elect in the instance where the Employee provides notice of his intention to
terminate his employment, to pay the Employee in lieu of the work to be performed during this
notice period. Such payment rests within the discretion of the Employer.
13. Electronic Communications
The Employee hereby consents to the monitoring and interception by the Employer of her
communications, be they direct or indirect, and in particular, without limitation thereto, her electronic
communications which she may send or receive using the equipment of the Employer, or during the
course and scope of her employment with the Employer. Any monitoring will be in line with the
appropriate legislation.
14. Confidentiality
The employee undertakes not to disclose any confidential information to any third party or entity during
the operation of this agreement or after its termination, unless the employer specifically agrees.
Confidential information for the purpose of this contract includes but is not limited to trade secrets,
business plans, strategies, financial information, client information and any other information that would
affect the Company’s competitive position, or that of current or past clients.

The employee may not render any service or services for reward, directly or indirectly, to any of the
employer’s clients who are or were clients of the employer during the 3-month period referred to in
Clause 2.4 above, for a minimum of 18 months and a maximum of 24 months, after the termination of the
employee’s service with the employer.

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15. Private Work
15.1. The employee may not render professional services in a private capacity for reward during the period of
employment without written consent of the employer;
15.2. The employee may not be employed by any other person for the duration of this contract without written
consent of the employer.
16. Code of Conduct
Please be advised that your employment is governed by rules, policies and procedures of One Wayos
Investment Group. All Company employees are expected to abide by the Company’s policies and
procedures. Employees are expected to familiarise themselves with the company policies and procedures.
17. General
17.1. The Employee’s terms and conditions of employment may vary from time to time. In signing this
contract, the Employee acknowledges and understands that these terms and conditions may be
varied by the employer from time to time to meet the employers’ operational requirements and
requirements of his clients.
17.2. This agreement constitutes the whole of the agreement between the parties hereto relating to the
subject matter hereof and save as otherwise provided herein no amendment, alteration, addition,
variation or consensual cancellation will be of any force or effect unless reduced to writing and
signed by the parties hereto or their duly authorized representatives.
17.3. The parties agree that no other terms or conditions, whether oral or written, and whether express or
implied will apply hereto.

SIGNED AT ON THIS DAY OF 2023

For and on behalf of the EMPLOYER THE EMPLOYEE

WITNESSES:
1. 2.

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 JOB DESCRIPTION
ACCOUNTANT- ONE WAYOS INVESTMENT

The entities falling under One Wayos Investment are as follows:

 One Wayos Property Management

 One Wayos Cyber Café
 The Herb Restaurant

May be engaged in any one or more of the following:-

1. Record-keeping: This involves keeping accurate records of all financial transactions related to rental
properties, including rent payments, security deposits, repairs and maintenance expenses, and any other
expenses related to the property.

2. Rent collection: Rental accounting involves collecting rent payments from tenants, which can be done
through various methods such as bank transfer, check, or online payment platforms.

3. Security deposits: Rental accounting involves managing security deposits paid by tenants, including keeping
records of the amounts, managing the funds in a separate account, and returning the deposit to tenants
at the end of the lease term.

4. Expense tracking: Rental accounting involves tracking all expenses related to the rental property, including
repairs and maintenance, property taxes, insurance, and any other expenses incurred in the course of
managing the property.

5. Financial reporting: Rental accounting involves preparing financial reports such as profit and loss
statements, balance sheets, and cash flow statements to track the financial performance of the rental
property.

6. Tax preparation: Rental accounting involves preparing and filing taxes related to the rental property,
including income taxes, property taxes, and any other taxes that may be applicable.

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