Format for Employment Bond

Format for Employment Bond

 

To Whom It May Concern

Dear Sir/Madam,

Let this letter serve the purpose of commitment of continuation of job of our current employee (Name) at (Company/Organization) for Special Children after completing his/her education through USAID scholarship. Following are initial terms and conditions (subject to change for mutual agreement) set to serve the purpose of agreement between (Name) and (Company/Organization).

This agreement made at (Company/Organization) on this, (Date), between (Name), (NIC No:……..) Son of (Name), resident of (address) as ‘ The Employment’.

AND

(Company/Organization), (Address) the other part, hereinafter referred to as’ The Employer‘ which is represented by honorary Chief Executive who is duly authorized in this behalf.

Whereas the employee has been selected for the award of the USAID scholarship under the USAID education Master’s Scholarship Program and for the betterment of his/her future and for national interest of employee hereby agrees to accept two years bond to work after returning to (Country Name), abide by and comply with the terms and conditions decided upon his/her return. We are committed to provide him/her a platform five years to work with our company/organization where he/she can utilize his/her skills and knowledge after the completion of studies.

Employee

Name: XYZ