Professional Documents
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However, in case I wish to leave the service of the Company before the expiry of the period mentioned
above then I bind myself to the following obligation on my part:
1.
2.
I shall serve a notice in writing to this effect to the company at least 3 months in advance and
I shall pay a sum of Rs. 100000/- to the Company as compensation.
I further undertake that during my tenure at the Company or thereafter I shall not misuse the trade secrets
acquired during my stay or other significant / vital information relating to the company to its detriment.
The above written bond is unconditional and its legal consequences and liabilities have been fully
understood by me, and the same has been signed and executed by me out of my own free will and without
any undue influence, coercion, mistake, fraud or misrepresentation and after forming a rational judgment as
to its effect upon my interest.
Whereas at any stage of time the employer company so intends to invoke the present bond of indemnity for
any reason, the employer company shall serve and / or cause to be served to me a notice at my address
mentioned in the Employment Agreement duly served on me giving at least one weeks time to explain my
stand in the matter and in case I do not respond to such a notice the company shall be at liberty to proceed
further in the matter.
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In witness whereof I the above named Executant, have scribed my hands to this bond at Delhi on the day,
month and the year mentioned hereinabove in presence of the witnesses, who have also signed and scribed
their respective hands in presence of each other and in present of the executant.
(
Witnesses 1:
Witnesses 2:
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