Employee Bonds Clause Samples
An Employee Bonds clause requires employees to enter into a binding agreement, often involving a financial guarantee or security, to ensure fulfillment of certain obligations during their employment. Typically, this clause applies when an employer invests in specialized training or provides valuable resources, and the employee agrees to remain with the company for a specified period or repay a set amount if they leave early. The core function of this clause is to protect the employer’s investment and reduce the risk of premature employee departure, thereby ensuring stability and continuity in the workforce.
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Employee Bonds. 22.1 All employees of Contractor who are assigned to the Owner/Agent’s building(s) shall be bonded. Contractor shall furnish the Owner/Agent, within ten (10) days after execution of Contract, a certificate of a Commercial Blanket Bond indemnifying the Owner/Agent against any injury, loss or damage caused by Contractor's employees up to a maximum of $50,000 per occurrence.
Employee Bonds. No Employee shall be required by Employer or any Individual Employer to deposit a cash bond with the Employer or the Individual Employer or any other person. In the event that a surety bond is so required, the Employer or the Individual Employer shall pay the premium upon said bond.
Employee Bonds. Should the Employer require any employee to provide a bond for employment purposes, the general bond premium shall be paid by the Employer. Special premiums, in excess of the general bond premium, if any, required for any employee must be paid by such employee.
Employee Bonds. Were the terms of the position necessitate an employee, as a condition of employment, to be bondable except by mutual agreement of the Employer and the Union, the employee shall be bonded at the expense of the Employer.
Employee Bonds. The Board may require the Treasurer, the Assistant Treasurers and any other officers, agents or employees of the Corporation to give bond for the faithful discharge of their duties, in such sum and of such character as the Board may from time to time prescribe.
Employee Bonds. The Company will make available once each year calendar year an opportunity for seniority employees to request pay roll deductions for contributions towards the purchase of a Canada Savings Bond.