Indemnity Cum Surety Bond
| Updated at | January 2014 |
This Indemnity cum Surety Bond is executed on this..... day of..... 20....... by Shri............ S/o Shri............. Resident of....... who has been in the employment of........... hereinafter referred to as Company selected as a Trainee to be trained ·at on behalf of the Company hereinafter referred to as 'Employee' and Shri............... S/o Shri Resident of............... hereinafter referred to Surety for the Employee.
WHEREAS the Company has accepted the candidature of the Employee to send him for training with.............. (Training Company) at......... for a period of three years, the cost of which including boarding lodging will be borne by the Company and in consideration, the Company will avail the benefits of training of the Employee and as such the Employee will diligently and efficiently serve the Company for a minimum period of................
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