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./or/o ..(hereinafter called the employee) and Mr./or/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 of our heirs, executors and administrators, jointly and severally, on this day of

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

Now this bond of security witnesses the following:

1. That the employer has agreed to employ the aforesaid employee as an employee 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 conditions 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 discharges 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: S d /-.

 (Employee) 1

S d/-...

(Surety) 2.

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