EMPLOYMENT AGREEMENT
This Agreement is made on [Date] between [Employer Name], a company incorporated under the Companies Act, 2013, having its registered office at [Address] ("Employer"), and [Employee Name], residing at [Address] ("Employee").
- Appointment & Term. The Employer appoints the Employee to the position of [Designation] with effect from [Effective Date]. The employment shall continue until terminated in accordance with this Agreement.
- Probation. The Employee shall be on probation for [Number] months, extendable at the Employer's discretion, and shall be confirmed in writing on satisfactory performance.
- Duties & Reporting. The Employee shall perform the duties reasonably assigned, devote full working time to the Employer, and report to [Reporting Manager/Designation].
- Remuneration. The Employer shall pay a gross salary of Rs. [Amount] per annum, payable monthly, subject to statutory deductions including TDS, EPF and ESI as applicable.
- Working Hours & Leave. Standard working hours and leave entitlement shall be as per the Employer's policy and the Shops & Establishments Act of [State].
- Confidentiality. The Employee shall keep all proprietary and confidential information secret during and after employment and shall not use it for any purpose other than the Employer's business.
- Intellectual Property. All work product created during employment shall vest exclusively in the Employer.
- Non-Compete & Non-Solicit. During employment and for [Number] months thereafter, the Employee shall not engage in any competing business or solicit the Employer's clients or employees.
- Termination. Either party may terminate this Agreement by giving [Number] days' written notice or salary in lieu thereof. The Employer may terminate without notice for misconduct.
- Governing Law & Jurisdiction. This Agreement shall be governed by the laws of India and subject to the exclusive jurisdiction of the courts at [City].
- Dispute Resolution. Disputes shall first be resolved amicably, failing which they shall be referred to arbitration under the Arbitration and Conciliation Act, 1996, seated at [City].
IN WITNESS WHEREOF, the parties have signed this Agreement on the date first written above.
___
[Employer Name]
[Employer Name]
___
[Employee Name]
[Employee Name]
___
Witness 1
Witness 1
___
Witness 2
Witness 2