STAMP PAPER Rs.

100/- ( It is to be executed from your place of

residence with appropriate value stamp paper and should be
notorised. Notarial adhesive stamp should be affixed, if applicable in
the state) The bond shall be signed by the employee, notary & two
sureties (not blood relatives) on all the pages.
SERVICE AGREEMENT
HARSHIT SENGAR
Whereas
Mr./Ms.______________________
son/daughter
of
Mr.
BRIJENDRA
KUMAR SENGAR
GOVT. H.. NO.1, CIVIL LINES, DATIA(MP)
_________________
residing at BEHIND
________________________________________
has been selected by The New India

Assurance

Company Ltd.,

Mumbai

(hereinafter referred to as Company) to be appointed as Administrative Officer in

The New India Assurance Company Ltd., on probation for a period of one year
which may be extended

twice by a further period of six months at a time

stretching up to one year on a basic salary of Rs. 17240/- per month in the
grade of Rs. 17240-840(14)-29000-910(4)-32640 and such other allowances as may
be admissible under the rules in force from time to time and subject to revision of the
pay scales, if any.
HARSHIT SENGAR
AND WHEREAS Mr./Ms.______________________ has agreed to serve the
Company for a period of four years from the date of joining the Company which
includes the period of probation or the extended period of probation.
HARSHIT SENGAR
AND WHEREAS the Company and the said Mr./Ms.____________ have agreed to
the terms and conditions hereinafter mentioned, which should be enforced in the
HARSHIT SENGAR shall serve
event of breach of the agreement that the said Mr./Ms.________________
the Company for a period of four years from the date of joining the Company.
AND

WHEREAS

NAME OF SURETY #1
Mr./Ms._____________________

son/daughter

of

SURETY #1
SURETY
#1 Sr.
______________________
residing at ADDRESS
___________________________________
SURETY#2 Sr.
NAME OF SURETY#2 son/daughter of ___________________________
and Mr./Ms ___________________
ADDRESS SURETY#2
residing at _________________________________
have agreed to stand as surety
SENGAR
for the said Mr./Ms. HARSHIT
_____________________________.
NOW THEREFORE it is hereby agreed and declared as follows :HARSHIT SENGAR with effect
1. The Company shall place the said Mr./Ms._________________
from the date of his joining the Company on a basic salary of Rs. 17240/- per
month in the grade of Rs. 17240-840(14)-29000-910(4)-32640 and such other
allowances as may be admissible under the rules in force from time to time and
subject to revision of pay scales, if any.
HARSHIT SENGAR
2 The said Mr./Ms. _____________________________agrees that he shall
serve the Company faithfully and diligently for a minimum period of four years
from the date of his joining the Company.
. . . .2

Signature of Candidate

Signature of Surety 1

Signature of Surety 2

Signature of Notary

-2HARSHIT SENGAR
agrees to serve the Company for
3 The said Mr./Ms._______________________
a minimum period of four years including probationary period. In the event of
HARSHIT SENGAR
said Mr./Ms.____________________resigning
from the Company before the
HARSHIT SENGAR
expiry of the bond period, the said Mr./Ms.______________________
will be
liable to pay liquidated damages equivalent to one years gross salary paid
during the year of probation which will be proportionately reduced depending
HARSHIT SENGAR
on the length of service rendered. The said Mr./Ms.______________________
resigning from the Company during the probationary period shall be liable to
pay the salary received during the entire service in the Company in addition to
an amount of Rs.25,000/- (Twenty five thousand only.) towards partial cost of
training.
During the period of probation or the extended period of probation, the said
HARSHIT SENGAR
Mr./Ms.________________________
shall be liable to be discharged from the
service without any notice or reasons therefore. In case of such discharge or if
HARSHIT SENGAR
said Mr./Ms._____________________ resigns during the aforesaid period, he
shall be liable to refund to the Company forthwith, the liquidated damages as
mentioned above.
4. The Company reserves the right to terminate / dismiss or discharge the said
HARSHIT SENGAR
Mr./Ms._____________________
if in the opinion of the Company the said
HARSHIT SENGAR
Mr./Ms._____________________is
found to be inefficient or incompetent in the
discharge of his duties or for dishonesty, fraud or any misconduct or for breach
of the rules and the regulations of the Company or for any circumstances which
in the opinion of the Management of the Company warrant such action and the
decision of the Company shall be final and binding.
HARSHIT SENGAR shall not either during the continuance
5. The said Mr./Ms._________________
of his employment or thereafter except in the proper course of his duties
divulge to any person information concerning the business or finance of the
Company which may come to his knowledge during or in the course of his
employment.
6. The

said
Mr./Ms.
SURETY#1 Sr.
Mr./Ms.____________________

NAME SURETY#1
__________________son/daughter
of
SURETY#1
residing at ADDRESS
__________________
and
SURETY#2 Sr.
SURETY#2
Mr./Ms._________________________ s/o / d/o __________ residing at
ADDRESS SURETY#2
_________________________
hereby guarantee jointly and severally the
HARSHIT SENGAR
repayment of the debt due by said Mr./Ms.________________________
in
accordance with the provisions of this Agreement and agree and undertake
that they shall be jointly and severally
liable to the Company for the repayment of the said debt in the event of the
. . . .3

Signature of Candidate

Signature of Surety 1

Signature of Surety 2

Signature of Notary

-3BRIJENDRA KUMAR SENGAR

HARSHIT SENGAR
said Mr./Ms.. _____________________s/o
/ d/o ________________________
failing to repay the debt to the Company on demand.

It is hereby further

mutually agreed and declared that the said sureties Mr./Ms.

NAME SURETY#1
NAME SURETY#2
__________________ and Mr./Ms.________________________ shall not be
discharged or released from
between

the

the guarantee by any arrangements made

HARSHIT SENGAR
said Mr./Ms._____________________
and the Company with

or without the assent of any of the said sureties or by any forbearance whether
as to payment time, performance or otherwise.
Signed

and

HARSHIT SENGAR
delivered
by
Mr./Ms.______________________
at
DATE
OF
EXECUTION
MAY
DATIA
______________
this ___________________ day of ______
in the year
OF AGREEMENT
2015
_____.

HARSHIT'S SIGNATURE
Signature of Mr./Ms._______________________
Sureties:
NAME OF SURETY#1
1. Signed and delivered by Mr./Ms. ____________________________________
DOE
MAY
2015
this ____ day of ___________in
the year ______.
Mr./Ms. NAME SURETY#1
Address :

SURETY#1 ADRESS

SIGNATURE SURETY#1
Signature of surety

NAME OF SURETY#2
2. Signed and delivered by Mr./Ms. ____________________________________
DOE day of ___________in
MAY
2015
this ____
the year ______.
Mr./Ms. NAME SURETY#2
SIGNATURE SURETY#2
Address : SURETY#2 ADDRESS

Signature of surety.

Witness:

Mr./Ms. WITNESS#1 (???)

SIGNATURE WITNESS#1
Address : ADDRESS WITNESS#1

Signature of Candidate

Signature of Surety 1

Signature of Witness.

Signature of Surety 2

Signature of Notary