BOND WITH SURETY

KNOWN ALL MEN THAT WE

Mr./Ms.______son/daughter of ______,

Muslim, adult, bearing Computerized National Identity Card No.______resident of ______

______(herein after known as the employee)

AND

Mr./Ms.______son/daughter of ______,

Muslim adult, bearing Computerized National Identity Card No.______resident of ______

______(herein after known as the surety:)

WE the employee and the surety do hereby bind our selves jointly and severally to M/s Employees Old-Age Benefits Institution ______

______(herein after called as Institution).

NOW THIS BOND WITNESSTH as under:-

1.  That the employee has joined Institution on this _____ day of ______, and has agreed to abide with all the terms and conditions of his / her appointment letter No.______dated ______.

2.  That the employee binds himself/herself to complete his training as arranged by the Institution and also binds to continue his/her employment with Institution for at least 5 years after completion of training period.

3.  That the employee also binds himself and assure to abide with all existing laws, rules and regulations of the Institution shall perform his duties as per his/her job description to the entire satisfaction of the Institution. to complete his training as arranged by the Institution.

4.  That the employee and surety abide themselves jointly and severally to refund/return the invested money, as invested by the Institution on the training of the employee, to the Institution if:-

a) The employee fails to complete his training and / or.

b)  The employee resigns or in any case leaves the Institution before the prescribed 5 years, after completion of training.

THIS BOND is executed on this ______day of ______, 2007, by the aforementioned employee and surety and have affixed there hands unto in presence of the following witnesses.

Sign ______Sign ______

(______) (______)

(Name in Capital Words) (Name in Capital Words)

Employee Surety

C.N.I.C No.______C.N.I.C No.______

WITNESSES:

Sign :______Sign :______

(______) (______)

(Name in Capital Words) (Name in Capital Words)

Witness Witness

C.N.I.C No:______C.N.I.C No:______

Note:

a.  The Surety Bond shall be executed on non judicial Stamp Paper of Rs. 50/-.

b. Attested copies of CNIC of Employees, Surety and Witness may be attached