DRAFT OF EMPLOYEE-SERVICE-AGREEMENT
THIS EMPLOYEE SERVICE AGREEMENT executed at __________ on this the _______ day of ______________
_______________, a company incorporated under the Companies Act, 1956 or Companies Act, 2013,represented by it's ________________Mr./Ms. _______________, son of / wife of/ daughter of Mr. ___________ having it's registered office at ________________________________________________, hereinafter referred to as the EMPLOYER (which expression shall, unless it is repugnant to the context, mean and include it's successors-in-interests, administrators and permitted assigns);
Mr. /Ms. ______________, son of / wife of/ daughter of Mr. ____________, Indian, ______________, aged about _____________years, residing at ______________________________________________, hereinafter referred to as the EMPLOYEE.
The EMPLOYER is carrying on the business of ________________.
The EMPLOYER called for applications from the eligible candidates for the post _________and in response thereto an application-dated ____________ was forwarded by the EMPLOYEE to the EMPLOYER.
On processing the application and the relevant documents, the EMPLOYER found the EMPLOYEE adequately qualified for the post and offered to appoint him as __________________________ in the Company.
The EMPLOYEE has accepted the said appointment on the terms and conditions herein after set out.
NOW THEREFORE IN CONSIDERATION OF THE MUTUAL OBLIGATIONS AND UNDER TAKINGS CONTAINED HEREIN THIS AGREEMENT WITNESSETH AS FOLLOWS
NAME OF THE POST:
The said EMPLOYEE is hereby appointed as ______________.
PROBATION AND CONFIRMATION:
The EMPLOYEE shall be on probation for a period of ________. The decision of the management on the performance of the EMPLOYEE during the period of probation is final and binding on the EMPLOYEE.
DURATION OF EMPLOYMENT:
On successful completion of probation, the EMPLOYEE shall be appointed as a permanent EMPLOYEE of the EMPLOYER for a period of ____________.
PLACE OF POSTING:
The EMPLOYEE shall report to work at ___________________, on ___________________.
HOURS OF WORK:
The EMPLOYEE is required to work from ___________ to ________ during the Weekdays. The weekly holiday would be on ________.
The EMPLOYER shall pay the EMPLOYEE a stipend of Rs. __________/- during the period of probation. On successful completion of probation the EMPLOYER shall pay the EMPLOYEE a basic salary of Rs. __________.
The EMPLOYER shall increase the basic salary of the EMPLOYEE as per the policy of the EMPLOYER.
PERQUISITIES & HOLIDAYS:
On confirmation, the EMPLOYEE shall be entitled to other benefits, monetary/leave, as is prevalent in the Company, from time to time, as per the ________________________.
Any dispute arising under this Agreement or any matter incidental thereto, shall be submitted for arbitration as per the provisions of Arbitration and Conciliation Act, 1996.
IN WITNESS WHEREOF the parties hereto affixed their signatures on the day, month and year mentioned herein above.
SIGNATURE OF EMPLOYER
SIGNATURE OF THE EMPLOYEE