1
Agreement forming part of our Employment offer
This Agreement is entered into this the <<date of agreement>> between
<<Name of the company>>, a Company registered in Pakistan, having its
registered office at <<address of the company>>(hereinafter called the
‘Company’) and (ii) Mr./Miss./Mrs. <<Name of the Employee>>, a
Pakistani inhabitant residing at <<Present Address of the Employee>> and
having permanent address at <<Permanent address of the Employee>>
(herein after referred to as “Employee”) of the other part
WHEREAS
A The Company has selected the Employee for the position of
<<Position Name/Title/ Designation>>, which would initially involve
extensive training for imparting the required level of skills, for
effectively carrying out the official responsibilities assigned to the
Employee
B the Employee, on joining the Company, undertook to stay in
employment of the Company for a minimum period of <<one year/
two years>>, in consideration of which, the Company is not charging
the cost of training from <<him/her>>.
C the Employee undertakes to undergo the training methodologies, as
may be required, and understand the job responsibilities, so that the
same are carried out in an effective manner
D the Employee, as part of the consideration for the training efforts and
costs involved, agreed to sign a bond for not leaving the services of
the Company for a minimum period of <<one or two year(s)>> from
the date of <<his/her>> joining the services of the Company.
2
NOW THIS AGREEMENT WITNESSETH AS BELOW:
1. The Employee acknowledges that substantial costs have been
invested on him for training him specifically for effectively handling
the job responsibilities and, any discontinuance of the employment
before the expiry of the one year term would unfairly prejudice the
Company, and, as such, the Employee undertakes not to leave the
services of the Company, for any reason what ever, for a minimum
period of <<one /two year(s)>> from the date of <<his/her>> joining
the services of the Company.
2. In case the Employee, for any reason, leaves the services of the
Company before the said period of <<One/Two year>>, then
<<he/she>> shall forthwith pay a sum of Rs.150000 /- (Rupees One
Lakh and Fifty Thousand only) being the indemnification of the cost
of training to the Company. The Employee undertakes not to dispute
the amount, and shall pay the amount, before requesting for formal
relieving order from the Company.
3. That the said employee shall not during the period of this agreement
work directly or indirectly in any similar trade or business either as
employer or partner or advisor or in any other capacity.
4. That the said employee shall be just and faithful to the Company in
all matters and shall not at any time except under legal process,
divulge to any person whosoever and shall use his best endeavors to
prevent the publication or disclosure of any trade secret or software
development process or any information concerning management
decision of the Company or of its dealings, transactions, or affairs
which may come to his knowledge.
5. That the said employee shall not take up whole time or part time
employment with any other company engaged in the similar
businesses, for a period of 18 months from the date of this
agreement even if he leaves the services of the company after paying
liquidated damages and fulfilling all conditions as stipulated in this
agreement
3
6. Any dispute or difference arising out of this Agreement shall be
resolved through Arbitration. The sole Arbitrator, appointed in
consultation with parties shall conduct such Arbitration. The venue
shall be in Karachi .
7. In witness hereof the parties have executed this Agreement on the
day and date mentioned above at Karachi.
Witness : 1. <<Name of the company>>
2. Employee
