Employment Bonds, Training Cost Recovery and Notice Buy-out
The instrument by which an employer tries to hold an employee for two years, which works only where real money was spent on training him and only up to what was spent, and which is drafted for deterrence because nobody will litigate for three lakh rupees.
- 6 pages
- 93
- Word and PDF
- 14 September 2026
The 2 formats inside
- 1Employment bond with a training cost scheduleIndian Contract Act 1872 s.73 and s.74 · Indian Stamp Act 1899 Article 15On its own₹149
- 2Joining bonus and relocation clawback undertakingreducing obligation · net of tax deducted at sourceOn its own₹149
Read the opening
The first part of “Employment bond with a training cost schedule”, as it downloads. Blanks are highlighted.
DEED OF BOND FOR MINIMUM SERVICE AND RECOVERY OF TRAINING COST
To be executed on non-judicial stamp paper or an e-stamp certificate of the value chargeable under the bond article of the Schedule to the Indian Stamp Act 1899 as in force in [State], in the name of the Employee.
THIS DEED OF BOND is made at [Place of executing the bond] on this [Day of the month of the bond] day of [Month of the bond], [Year of the bond].
By
1. [Mr / Ms Full name], son / daughter of [Employee's father's or mother's name], aged about [Employee's age (years)] years, residing at [full residential address], holding Permanent Account Number [Employee's PAN] and Aadhaar bearing the last four digits [digits], employed with the Company as [Employee's designation] bearing employee code [code], hereinafter referred to as the “Employee”;
And