Employment Agreement-Format Template, Download Free Doc Pdf File Example

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Employment Agreement Format Template, Download Free Doc Pdf File Example

In This Post Get- Employment Agreement Format, Employment Agreement Template Sample, Employment Agreement For Company, Hr Employment Agreement, Employment Agreement Example, Employment Agreement Form, Employment Agreement Word Format Doc, Download Employment Agreement pdf, Employment Agreement template word

Employment Agreement Word Text Document Format

EMPLOYMENT AGREEMENT

BY AND BETWEEN 

(COMPANY)

AND

 (EMPLOYEE)

CONTENTS

  1. Definitions and interpretation 1
  2. Employment 4
  3. Non-competition and non-solicitation 5
  4. Confidentiality 5
  5. Intellectual property 6
  6. Term 6
  7. Compensation 6
  8. Termination of employment 6
  9. The company property – employee’s duty to return 7
  10. Indebtedness 8
  11. Notices 8
  12. Waiver 9
  13. Acknowledgments 9
  14. Dispute resolution 9
  15. Miscellaneous 9
  16. Governing law and jurisdiction 10

ANNEXURE 1: Scope of Services

ANNEXURE 2: Compensation Schedule

EMPLOYMENT AGREEMENT

This Employment Agreement (from now on referred to as this “Agreement”) is made on this DDMMYYYY:

BY AND BETWEEN:

Company Name, a company incorporated under the provisions of the Companies Act, 1956 and having its registered office at Address, City – Pincode, State, India, (hereinafter referred to as the “Company”, which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include its successors in interest, administrators and permitted assigns), of the FIRST PART and

Name, a citizen of India and presently residing at address, city – Pincode, (from now on referred to as the “Employee”).

WHEREAS:

  1. The Company is in the business of ……..
  2. The Company, in the course of its business, has acquired or may acquire confidential property, information, and trade secrets, made or will make discoveries and improvements or developments, which it desires to keep confidential. 
  3. The Company undertakes several assignments on behalf of clients that involve the development of Intellectual Property (as defined hereinafter) and which also entail confidentiality obligations. The Company must respect the Intellectual Property and confidentiality obligations of its clients and therefore, in turn, the employees are also expected to respect the same. 
  4. The Company wishes to safeguard its goodwill, business and proprietary information to which the Employee may have access.
  5. The Company desires to engage the Employee on the terms and conditions outlined in this Agreement. 

NOW, THEREFORE, in consideration of the mutual promises set forth herein, the Company and the Employee at this moment agree as follows: 

  • DEFINITIONS AND INTERPRETATION

In this Agreement, unless the context otherwise requires:

  1. Agreement” means this Agreement including any Annexures and Schedules attached to this Agreement and as may be amended and modified from time to time.

  2. Business” means ………

  3. Compensation Letter” means the letter issued by the Company to the Employee setting out the details and manner of the compensation, as amended from time to time. 

  4. Competitor” means and includes all such Persons (as defined hereinafter) whether domestic or foreign, which carry on or which are likely to carry on similar Business. 

  5. Confidential Information” includes but is not limited to information which is or fairly be considered to be of a confidential nature, which is obtained whether (without limitation) in graphic, written, electronic or machine readable form or orally, by the Employee; and whether or not the information is expressly stated to be confidential or marked as such, in writing, and also includes all Intellectual Property, but is not limited to: 

    1. Information of value or significance to the Company or its competitors (present or potential) such as:

 

  1. Customer data, in particular, names, addresses, sales figures and sales conditions 

           of the Company and its clients.

  1. Distribution data, in particular, names, addresses, sales figures and sales 

           conditions of distributors, agents and licensees of the Company.

  1. Manufacturing data, in particular, procurement and manufacturing procedures, 

           the fees, discounts, commissions and other credits relating to the software.

  1.  Supplier’s data, in particular, names, addresses, sales figures, and sales 

            condition of suppliers of software and hardware to the Company, whether in 

                India or abroad.

  1. Business data, particularly data relating to new products, promotion campaigns, 

           distribution strategies, license agreements and joint ventures in which the 

           Company is involved.

  1. Software data, particularly information relating to the software and the modules 

           thereof as well as any devices designed by the Company to prevent unauthorized  

            copying.

  1. Research and development data, particularly information relating to the software 

           and hardware developments of the Company.

  1. Financial data, in particular, concerning budgets, the fees and revenue 

           calculations, sales figures, financial statements, profit expectations and

           inventories of the Company. 

  1. Original information supplied by the Company;

  2. Information not known to competitors of the Company nor intended by the 

         Company for general dissemination, including but not limited to, policies, 

         strategies, the identity of various product-suppliers or service-providers, billing 

         schedules, needs of its clients, information as to the profitability of specific 

         accounts, and information about the Company itself and its executives, officers, 

         directors and employees;

  1. Any business or technical information relating to the Company, including but not

         limited to financial information, equipment, documentation, strategies, marketing 

         plans, prospective leads or target accounts, pricing information, information 

         relating to existing, previous and potential customers and contracts disclosed by

          the Company to the Employee;

  1. Any copies of the above-mentioned information; but do not include:

  1. that which is in the public domain other than by the Employee’s breach, of this 

    The agreement, or of any other confidentiality agreement; 

  1. that which was previously known as established by written records of the

    Employee prior to receipt from the Company; 

  1. that which was lawfully obtained by the Employee from a third Party; and
  2. that which was developed independently by the Employee who had no access 

    to the Confidential Information provided by the Company.

  1. Intellectual Property” includes: 

    1. all patents, trademarks, business processes, domain names, works of 

        authorship, designs, utility models, copyrights whether registered or 

              unregistered, which are owned by the Company or acquired or developed by the

              Company in the course of its business, including, but not limited to moral rights 

              and any similar rights in any country, whether negotiable or not and also includes 

              any applications for any of the preceding and the right to apply for them in any 

              part of the world; and

  1. all processes, inventions, ideas, programs, codes, software, algorithms, 

        discoveries, correspondence, trade secrets, databases, know-how, creations or

        improvements upon, additions or any research effort relating to any of the above, 

        whether registrable or not.

  1. Person” means an individual, corporation, partnership, limited liability company,

       association, trust or other entity or organization, including a government or 

       the political subdivision or an agency or instrumentality thereof.

  1. Property” includes, but is not limited to the following: 

    1. internal memoranda, computer equipment (including software), training materials, 

       rules, books, and all other like property, including all copies, duplications,

       replications, and derivatives of such property;  

  1. any residential accommodation, furniture, fixtures, fittings and furnishings, 

        communication equipment, automobile and all other items; and,

  1. any tangible expression of Confidential Information, including, without limitation,

        photographs, plans, notes, renderings, journals, notebooks, computer programs 

        and samples relating thereto.

  1. Rules” means the Company’s manual, which lays down the policies, 

      procedures, rules etc. in connection with the day-to-day operations of the 

      Company, the behavior of its employees, the overall management of the 

      Company and its clients/customers, as amended from time to time by the

      Company. 

  1. Termination Date” means the date on which the employment of the Employee 

       is ended and which shall in the case of termination by the Company be effective 

       from the date on which the Notice Period (as defined hereinafter), if any, is over

       and in the case of termination by the Employee, be effective from the date on 

       which Notice period is over or, in the event the Notice Period is waived under 

       Section 8.3, the date of which the Company permits the Employee to leave 

        service.

  1. Unless the context otherwise requires, (a) words importing one gender include 

       the other gender; (b) words importing the singular include the plural and vice 

       versa; (c) any reference to a statutory provision shall be deemed to include a  

       reference to any statutory modification or re-enactment; (d) the Section 

       headings do not form part of this Agreement and shall not be taken into account 

       in its construction or interpretation and (e) any reference to the Employee shall, 

       if appropriate, include his personal representatives.

  • EMPLOYMENT

    1. The Company hereby employs the Employee, upon the terms and conditions set 

       forth in this Agreement and in the Rules of the Company. 

  1. The Company can transfer the Employee to any other office of the Company in

       India or overseas or to any associate or subsidiary of the Company, at the 

       discretion of the Company. In such case, the Employee shall also be bound by 

       any policy of the Company, in existence at the date of this Agreement or that 

       may be subsequently framed by the Company.

  1.  The Employee shall perform such duties and obligations as may from time to time 

      be assigned to him by the Company. Annexure 1 hereto describes the scope of 

      services of the Employee).  During the term of the Agreement, the Employee shall 

      be bound by the Agreement, the Rules of the Company and other documents of 

      the Company, as amended from time to time.

  1. NON-COMPETITION AND NON-SOLICITATION

 

  1. During the term of the employment with the Company and for a period of one (1)

      year following the Termination Date in case of Competitors world wide, the 

      Employee shall not, directly or indirectly, either as an individual on his own 

      account or as a partner, employee, consultant, advisor, agent, contractor, director, 

      trustee, committee member, office bearer, or shareholder (or in a similar capacity 

      or function) 

 

  1. own or operate in India a business in competition with the business of the 

       Company;

  1. solicit the employment of or advise any other employee of the Company to terminate 

       his contract or relationship with the Company or accept any contract (directly or 

       indirectly) or another arrangement for providing services to any other person or 

       organization; or, 

  1. contact any of the existing or prospective clients of the Company, to entice such 

       clients away from the Company or to damage in any way their business 

       relationship with the Company.

  1. The Company may, however, relieve the Employee, from complying with the 

     provisions of this Section in whole or in part. 

  1. CONFIDENTIALITY

 

  1. The Employee shall not disclose, any time, to any Person or Competitor who is

       not employed, part of or associated with the Company; or use for any purpose

       that is not within the scope of his services, any Confidential Information, except 

       in accordance with any written exception made by the Company.

  1. Notwithstanding the aforesaid provisions of this Section, the Employee may 

     disclose Confidential Information were compelled to do so, by any government, 

     judicial or quasi-judicial authority; 

Provided however, that the Employee shall in such a case give the Company reasonable notice of any prospective disclosure and shall assist the Company in obtaining an exemption or protective order preventing such disclosure. 

  1. INTELLECTUAL PROPERTY

 

  1. All Intellectual Property conceived (whether during regular business hours or not),

     discovered, or made by Employee during the course of his employment with the 

     Company, and other ideas, techniques or principles related to the business of the 

     Company, shall be promptly disclosed in writing to the Company.

  1. All rights in the Intellectual Property shall belong to the Company immediately 

     upon the formation of such rights, whether or not the final work / mark / invention 

     in which the Intellectual Property vests is formed or completed, for the full term of 

     each and every such right, including renewal or extension of any such term. The 

     Employee shall perform all acts, including execution of documents and assistance 

      in legal proceedings that are necessary to defend or establish the rights of the         

     Company in the Intellectual Property in any country.

  1. The Employee irrevocably assigns to the Company, the Intellectual Property in all 

     works developed during the course of his employment, free from encumbrances of

     any kind.

  1. The Employee explicitly waives all moral rights in any of the works developed for 

      the company during the course of his employment with the Company.

  1. The Employee represents and warrants that he has not violated the Intellectual 

      Property rights of any Person and covenants that he shall not violate the 

      Intellectual Property rights of any person in the course of his employment with 

      the Company.

Provided that in the event the Company is held liable for the violation of any Intellectual Property rights by the Employee, the Employee undertakes to indemnify the Company against any and all losses, liabilities, claims, actions, costs, and expenses, including reasonable attorney’s fees and court fees resulting therefrom.

  •  TERM

Subject to the provisions of termination as from now on provided, the term of this Agreement shall begin on DDMMYYY  and shall continue until terminated by either Party following either Section 8 or Section 2 hereof. The obligations of the Employee under this Agreement will survive both the execution of this Agreement and the Termination Date.  

  • COMPENSATION

The Company shall compensate the Employee as per the Compensation Letter attached hereto as Annexure 2 (as revised from time to time) for the services of the Employee by this Agreement. 

  1. TERMINATION OF EMPLOYMENT

 

  1. The Company may terminate the Employee’s employment with the Company under

     this Agreement, with immediate effect, in the event of misconduct, or fraudulent, 

     dishonest or undisciplined conduct of the Employee, or insolvency or conviction of 

     the Employee for any offense involving moral turpitude, or breach of any terms of 

     this Agreement or Rules of the Company or other documents or directions of the 

     A company by the Employee, or any unauthorized absence of the Employee from 

     the place of work for more than seven (7) consecutive working days, or closure of 

     the business of the Company, or redundancy of the post of the Employee in the 

     Company.   

  1. Notwithstanding anything mentioned in this Agreement, the Company may, by 

     giving reasonable cause, terminate the Employee’s employment under this 

     Agreement upon written notice to the Employee, following the 

     provisions of this Section: 

  1. The termination would be effective after thirty (30) days from the date of the 

        receipt (by the Employee) of such notice (from now on referred to as the “Notice 

        Period”). Alternatively, the Company may terminate the Employee’s employment 

        with immediate effect, upon giving the Employee one (1) months’ salary in lieu 

        of notice or pro-rated salary for the balance Notice Period in case the Employee 

         has been permitted to work during the Notice Period.

  1.  If the Employee has been in continuous employment with the Company for a

        period of not less than one year, the Company may at its sole discretion, give the 

        Employee a service compensation amounting to fifteen days average salary for 

        each year of continuous employment.

  1. If the employee is on probation, the Notice Period referred to in Section 8.2.1 

        is dispensed with and the Company may, without assigning a cause, terminate the 

        Employee’s employment with immediate effect.

  1. The Employee may, without assigning any cause, resign from his/her employment

      under this Agreement upon written notice to the Company and completion of 

      the Notice Period.  However, the Employee may have to give an exit interview, at 

      the request of the Company. The Company may, at its sole discretion, permit the

      Employee to leave service during the Notice Period.

  1. If the termination is found to be wrongful, the maximum liability of the Company

      shall be equivalent to the Employee’s three (3) months’ salary.

  1. THE COMPANY PROPERTY – EMPLOYEE’S DUTY TO RETURN

 

  1. The Company’s Intellectual Property and Property acquired by the Employee after

      signing this Agreement shall be returned to the Company not later than the final

      date of his employment with the Company. 

  1. Until such time as all the Property is returned to the Company, the Company shall,

      in addition to initiating legal proceedings for recovery, be entitled to withhold any 

      salary, emoluments or other dues of the Employee and may further, at its

      discretion, deduct therefrom, the full value of the Property calculated at it is then 

      replacement price.  In addition, the Company may also take any other legal action 

      against the Employee and shall have the right to recover the full amount of the 

      replacement price, if the dues of the Employee are not sufficient to cover the 

      replacement price. Further, the Employee shall compensate the Company for any 

      misuse or damage to the property of the Company.

 

  • INDEBTEDNESS

If, during the Employee’s employment under this Agreement, the Employee becomes indebted to the Company for any reason, the Company may, if it so elects, set off any sum due to the Company from the Employee against the compensation payable to the Employee and collect any remaining balance from him. 

  1. NOTICES

 

  1. All notices given pursuant to this Agreement shall be in writing and shall be

      deemed to be served as follows: (a) in the case of any notice delivered by hand, 

      when so delivered; (b) if sent by pre-paid post or courier, on the third clear day 

       after the date of posting; (c) in the case of any notice sent by facsimile, upon the 

       receipt of a confirmation copy at the sender’s facsimile machine; and (d) if sent 

       by e-mail, 24 hours after the e-mail is sent.

  1. Any notice to the company to be given by any Party to this Agreement shall be 

       deemed to be duly served if delivered by prepaid registered post or through a 

       delivery service/courier, by hand delivery, by fax or by email to the following 

       address:

 

If to the Company:

 

Company Address :

Designation :

E-mail:  

 

If to the Employee:

Address with pin code

 

Any change in the address of either party shall be notified to the other party in the same manner mentioned hereinabove.

  • WAIVER

Any waiver by the Company of a breach or threatened breach of this Agreement by Employee shall not be construed as a waiver of any subsequent breach by Employee. 

  • ACKNOWLEDGMENTS

Employee acknowledges that he has been provided with a copy of this Agreement for review prior to signing it, that he has reviewed it and that he understands the purposes and effects of this Agreement, and that he has been given a signed copy of this Agreement for his own records. 

  1. DISPUTE RESOLUTION

 

  1. The Company and the Employee hereby agree that they intend to discharge their 

      obligations in the utmost good faith. They, therefore, agree that they will, at all times, 

      act in good faith, and make all attempts to resolve all differences howsoever 

       arising out of or in connection with this Agreement by discussion failing which, 

         fifteen (15) days of the commencement of the discussions, by arbitration.

  1.  The Parties shall be bound to submit all disputes and differences howsoever 

        arising out of and in connection with this Agreement to arbitration in accordance 

         with the Arbitration and Conciliation, provided that:

  1. There shall be one arbitrator nominated jointly by the Parties, failing which

          there shall be three (3) arbitrators, one each nominated by the Company and 

          Employee and the other chosen by the two (2) arbitrators so nominated

          shall be persons of professional repute and who are not directly or indirectly 

          connected with the parties) whose appointment shall be agreed between the 

          parties within seven (7) days of the service of an arbitration notice;

  1. The Parties agree that until the arbitration proceedings are complete, they shall 

          not take their disputes to a court of law.

  1. All hearings shall be held in Mumbai, India, in English.

  1. Notwithstanding anything contained in this Agreement the Company may 

       approach any court within India for injunctive relief when it feels that any of the 

       terms of this Agreement are breached or likely to be breached by the Employee.

 

  1. MISCELLANEOUS

 

  1. Entire Agreement: This Agreement constitutes the entire agreement between the 

       signatories and shall supersede all negotiations, preliminary agreements, and all 

              prior and contemporaneous discussions and understandings of the signatories 

              connection with the subject matter hereof.

  1. Amendments: No change, modification, or termination of any of the terms, 

        provisions, or conditions of this Agreement shall be effective unless made in 

        writing and signed or initialed by all signatories to this Agreement. 

  1. Severability: If any paragraph, subparagraph, or provision of this Agreement, or 

        the application of such paragraph, sub-paragraph, or provision, is held invalid by 

               a court of competent jurisdiction, the remainder of this Agreement, and the 

               application of such paragraph, sub-paragraph, or provision to persons, or 

               circumstances other than those with respect to which it is held invalid shall not 

               be affected.

  1. Parties To Act With Due Diligence And In Good Faith: The Parties hereto shall 

        dutifully perform all covenants of this Agreement in letter and spirit and shall 

        otherwise act with due diligence and in good faith. 

  1. GOVERNING LAW AND JURISDICTION

 

  1. This Agreement shall, in all respects, be governed by and construed in all

        respects in accordance with the laws of India.

  1. In relation to any legal action or proceeding to enforce this Agreement, the 

       Employee irrevocably submits to the exclusive jurisdiction of any competent court

       and waives any objection to such proceedings on grounds of venue or on the 

       grounds that the proceedings have been brought in an inconvenient forum.

 

IN WITNESS WHEREOF, the signatories have executed this Employment Agreement as the day and year first above written.

 

For Company Name Candidate Name

 

Name:

 

Title:  

 

ANNEXURE 1

SCOPE OF SERVICES

The Employee of the Company shall be bound by this Agreement to fulfill the following services for the Company:

Title: 

Responsibilities & Duties:

 

ANNEXURE 2

COMPENSATION LETTER

The Employee shall be entitled to receive compensation in accordance with the terms set forth in this Compensation Letter for any and all the services of every nature rendered and to be rendered by the Employee in connection with his employment with the Company as laid down in this Agreement in India. The Employee shall be bound by the terms and conditions set forth in this Agreement.

Annual Compensation

Your total annual compensation and benefits (the total cost to company) shall be equivalent to Rs. In figures (Rupees In words) as specifically defined below:

 

s Company name 
CTC Breakup (With PF) 
Name of Employee:       
Designation    
Level     
Date of Joining:      
Sr. No.  Particulars  Amount (Monthly)  Amount (Yearly) 
1 Basic Salary
2 House Rent Allowance
3 Conveyance Allowance
4 Medical reimbursement
5 Special allowance
Monthly Gross 
6 Medical reimbursement (Quarterly)
7 Leave Travel Allowance
8 Provident Fund (Employer Contribution)
Annual Gross 
10 Gratuity (Payable after 5 years service)
Cost to Company 
Other Benefits  As applicable

 

              

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