Employment Agreement
Employment Agreement
Employment Agreement
This agreement lays down the terms of employment, agreed upon by the employer and employee.
Whether stated explicitly in the agreement or not, both the employee and the employer have the duty
of mutual confidence and trust, and to make only lawful and reasonable demands on each other.
__________________________________________________________
This EMPLOYMENT AGREEMENT is entered into on this ___ day of ________, 2021.
In consideration of the mutual covenants and agreements set forth below, it is hereby covenanted and
agreed by the Company and the Employee as follows:
a) Confidential Information: Any trade secret or other information which is confidential or
commercially sensitive and which is not in the public domain (other than through the wrongful
disclosure by the Employee) and which belongs to any Group Company (whether stored or
recorded in documentary or electronic form) and which (without limitation) relates to the
business methods, management systems, marketing plans, strategic plans, finances, new or
maturing business opportunities, marketing activities, processes, inventions, designs or similar
of any Group Company, or to which any Group Company owes a duty of confidentiality to any
third party and including in particular information is not be disclosed in any form.
b) Position & Location: Upon execution of this Agreement, the employee would be posted as the
_______ of the Company.
During the term period of this Agreement, the Company may change the employee's above
mentioned post (or position) or location based on the Company's production, operation or
working requirements or according to the employee's working capacities and performance,
including but not limited to adjustments made to the employee's job description or work place,
promotion, work transfer at the same level, and demotion, etc., or adjustments made to the
employee's responsibilities without any change to employee's post (or position).
c) Probationary Period: It is understood and agreed that the first 6 months of employment shall
constitute a probationary period during which period the Employer may, in its absolute discretion,
terminate the Employee's employment, without assigning any reasons and without notice or
cause.
After the end of the Probationary Period, the Employer may decide to confirm the Employment
of the Employee, in its sole discretion.
d) Obligations of the Employee: Upon execution of agreement, the Employee shall not engage in
any sort of theft, fraud, misrepresentation or any other illegal act neither in the employment
EMPLOYMENT AGREEMENT
space nor outside the premise of employment. If he/she shall do so, the Company shall not be
liable for such an act done at his own risk.
The Employee further promises to never engage in any theft of the Employer’s property or
attempt to defraud the Employer in any manner.
The Employee shall always ensure that his/her conduct is in accordance with all the rules,
regulations and policies of the Company as notified from time to time.
The Employee shall not take up part-time or full-time employment or consultation with any other
party or be involved in any other business during the term of his/her employment with the
Company.
e) Performance of Duties: The Employee agrees that during the Employment Period, he/she shall
devote his/her full business time to the business affairs of the Company and shall perform the
duties assigned to him/her faithfully and efficiently, and shall endeavor, to the best of his/her
abilities to achieve the goals and adhere to the parameters set by the Company.
f) Notice Period: In case of termination of the employment agreement or resignation of the
employee, a notice period of 2 months i.e., 60 days is to be served by the employee. If the
employee fails to serve the notice period then the experience letter will not be provided to the
employee.
In between the notice period of 2 month, the employer is given the privilege to give a last working
date to the employee within the given notice period.
____________________ ___________________
(Employee) (The Employer)