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

BOND  GIVEN  TO AN EMPLOYER FOR THE FAITHFUL

DISCHARGE OF DUTIES BY AN EMPLOYEE

            KNOW ALL MEN BY THESE  PRESENTS  that we, AB, son of…………….(hereinafter called the employee) and  CD son of………of……..(hereinafter called the surety) are  bound to Messes………..(hereinafter called  the employers), in the sum  of Rs………to 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………..