Training bond agreement - simplified

We ar e p leased to o f f er yo u the o p p o r t un it y t o p artic ip ate in the f o l lo win g t r ain ing p ro g ra mm e.

T his p ro g ra mme is d es ig ne d t o t rain eng inee r s o n t he o p er atio ns a nd m ainten an c e o f the

[ c o m p uter / s o f t w ar e/ mac hine r y ] an d will enh an c e y o ur t ec hn ic al k no w led g e an d c ap ab il it y , as w ell as

I n c o ns id era ti o n o f t he ab o v emen t io ned train ing , y o u will und er tak e an d ag ree t o c o ntinue t o wo rk w it h

[ C o mp any Na me] o r any m emb er o f it s g r o up o f c o mpan ies ( he r eina f t er c o llec t i v ely c alled “ t he

C o mp an y ”) f o r t wo (2 ) y ea r s c o mmenci ng f ro m the d ate o f c o mp let io n o f t he t r ain ing p ro g ramme.

a) f ail t o a tt end t he t ra ining wh er e r ep lac ement c o nf irmati o n is ma d e f o r wh atev er re a s o ns , o t her

b) f ail to c o mp l ete t he f ull d ur atio n o f t he as s ig ned t rain ing f o r w ha tev er re aso ns , o t her t han med ic al

c) lea v e o r re s ig n f r o m t he Co m p any o n y o ur o wn acc o rd b ef o re t he c o mp leti o n o f t he emp lo y ment

d) ar e d is mis s ed f ro m t he Co m p an y b ef o re t h e c o mp leti o n o f t he emp lo y ment b o nd p erio d ; or

e) y o u re f us e o r b y yo ur o wn c o nd uct re n d er y o ur s elf u nsuit a b le t o s er v e o r c o nti nu e t o s er v e t he

Yo u a g re e t o r eimb ur s e to t he C o mp any t he s um o f [ amo unt in wo rd s and numer i c v alu e] b eing the c o s t

b) Af t er t he 1s t y ear o f c o mp let io n o f t he t rain ing p ro g r amme = p ro p o rti o na t e t o the re maining p er io d

I f y o u ac c ep t t he ab o v e o f f er o f the t r ain ing p r o g r amme up o n t he t er ms as s p eci f ied ab o v e, p lease