Employment Agreement: Requirements For Assignment
Employment Agreement: Requirements For Assignment
Employment Agreement: Requirements For Assignment
Analyze all the essentials of Valid contract in following given “Employment Contract”
And write down all essentials after critical analysis of the given contract in your own words:
1. ASSESSMENT CRITERIA:
Marking will be based on the following assessment criteria that are listed below:
3. PRESENTATION:
The style and presentation of assignments/reports are important. Your report should be easy to
read and be presented in a way that shows you have organized your material to present your argument
clearly. In addition, your report should be referenced where appropriate and literature cited in the text
should be accurately documented.
It is strongly recommended that you use this section as a check list before you submit every
assignment:
All pages are to be consecutively numbered.
Use one side only of A4 paper.
All pages should be secured with a staple in the top left-hand corner. Do not use paper clips or
pins.
Report/Assignments must be typed or word processed, not handwritten.
Ensure that your print-out is clear and easy to read.
Spell check your paper, preferably using the dictionary provided in your word processing
program.
Ensure that you keep a copy of your report in case the original is misplaced.
Include your name, student number, course name and course code as well as instructor’s name.
3.2. Style
Employment Agreement
THIS AGREEMENT made as of the ______day of__________________, 2021__ , between
HnH Solutions, a corporation incorporated under the laws of the Province of Sindh, and
having its principal place of business at __Karachi___(the "Employer");
and [Mr. Naik Akhtar], of the City of Karachi in the Province of Sindh (the "Employee").
WHEREAS the Employer desires to obtain the benefit of the services of the Employee, and
the Employee desires to render such services on the terms and conditions set forth.
IN CONSIDERATION of the promises and other good and valuable consideration (the
sufficiency and receipt of which are hereby acknowledged) the parties agree as follows:
1. Employment
The Employee agrees that he will at all times faithfully, industriously, and to the best of his
skill, ability, experience and talents, perform all of the duties required of his position. In
carrying out these duties and responsibilities, the Employee shall comply with all Employer
policies, procedures, rules and regulations, both written and oral, as are announced by the
Employer from time to time. It is also understood and agreed to by the Employee that his
assignment, duties and responsibilities and reporting arrangements may be changed by the
Employer in its sole discretion without causing termination of this agreement.
2. Position Title
As a Accounts Manager__, the Employee is required to perform the following duties and
undertake
the following responsibilities in a professional manner.
(a) Maintaining & Bookkeeping,
(b) Reconciling all the transactions among clients, customers, and banks.
(c) Preparing & Analyzing Financial Statements,
(d) Taking timely decisions,
(e) Other duties as may arise from time to time and as may be assigned to the
employee.
3. Compensation
(a) As full compensation for all services provided the employee shall be paid at the
rate of ____. Such payments shall be subject to such normal statutory
deductions by the Employer.
(b) (may wish to include bonus calculations or omit in order to exercise discretion).
(c) The salary mentioned in paragraph (l)(a) shall be review on an annual basis.
(d) All reasonable expenses arising out of employment shall be reimbursed
assuming same have been authorized prior to being incurred and with the
provision of appropriate receipts.
4. Vacation
The Employee shall be entitled to vacations in the amount of ____ weeks per annum.
5. Benefits
The Employer shall at its expense provide the Employee with the Health Plan that is currently
in place or as may be in place from time to time.
6. Probation Period
It is understood and agreed that the first ninety days of employment shall constitute a
probationary period during which period the Employer may, in its absolute discretion,
terminate the Employee's employment, for any reason without notice or cause.
7. Performance Reviews
The Employee will be provided with a written performance appraisal at least once per year and said
appraisal will be reviewed at which time all aspects of the assessment can be fully discussed.
8. Termination
(a) The Employee may at any time terminate this agreement and his employment
by giving not less than two weeks written notice to the Employer.
(b) The Employer may terminate this Agreement and the Employee’s employment
at any time, without notice or payment in lieu of notice, for sufficient cause.
(c) The Employer may terminate the employment of the Employee at any time
without the requirement to show sufficient cause pursuant to (b) above,
provided the Employer pays to the Employee an amount as required by the
Employment Standards Act 2000 or other such legislation as may be in effect at
the time of termination. This payment shall constitute the employees entire
entitlement arising from said termination.
(d) The employee agrees to return any property of ___________________________
at the time of termination.
9. Non- Competition
10. Laws
The Employee acknowledges that the Employer has provided the Employee with a reasonable
opportunity to obtain independent legal advice with respect to this agreement, and that either:
(a) The Employee has had such independent legal advice prior to
executing this agreement, or;
(b) The Employee has willingly chosen not to obtain such advice and
to execute this agreement without having obtained such advice.
This agreement contains the entire agreement between the parties, superseding in all respects
any and all prior oral or written agreements or understandings pertaining to the employment of
the Employee by the Employer and shall be amended or modified only by written instrument
signed by both of the parties hereto.
13. Severability
The parties hereto agree that in the event any article or part thereof of this agreement is held to
be unenforceable or invalid then said article or part shall be struck and all remaining provision
shall remain in full force and effect.
IN WITNESS WHEREOF the Employer has caused this agreement to be
executed by its duly authorized officers and the Employee has set his
hand as of the date first above written.
________________________________________
[Name of employee]
________________________________________
[Signature of Employee]
________________________________________
[Name of Employer Rep]
________________________________________
[Signature of Employer Rep]
[Title]