BOND GIVEN TO AN EMPLOYER FOR FAITHFUL DISCHARGE OF DUTIES BY THE EMPLOYEE.

BOND GIVEN TO AN EMPLOYER FOR FAITHFUL DISCHARGE

OF DUTIES BY THE EMPLOYEE.

            LET IT BE KNOWN TO ALL  that we Mr………….s/o…………r/o …………..(hereafter called the employee) and Mr………….s/o………….r/o…………..(hereinafter called the surety) bind ourselves to Messrs……………(hereinafter called the employer) in the amount of Rs………payable to the said employer  or his heirs, representatives or assigns, for which payment we bind ourselves and each of us, our and each or our heirs, executors and administrators, jointly and severally, on this……day of…………

            Sd/-……………..(Employee) in presence of …………..(witnesses)

            Now this Bond of security witnesses as following :

1.    That the  employer has agreed to employ the aforesaid employee as an……….in the aforesaid  firm……..in consideration of the aforesaid employee and the surety  executing  this bond in the sum of Rupees…………..and subject to such other condition  as are prescribed hereunder  and for the due discharge of his duties as the day…………..by the employee.

Now this bond has been executed with the condition that if the said employee discharge his duties faithfully for the  benefit of the aforesaid employer then the above written bond shall be void and ineffective  otherwise it shall have full force.

Witnesses:                                                                Sd/-……………….

(Employee)                                                                1…………………

Sd/-…………..

(Surety)                                                          2………………….