Training Bond Agreement

(Company Name) is committed to investing their resources in the training and development of
their employees. As such (Company Name) promotes the attainment of marketable skills by
sponsoring eligible employees through in-house training programs.
(Company Name) has a reasonable expectation that the employee will apply the knowledge and
skills on the job, as well as share this knowledge with other employees, whenever possible, to
maximize the positive impact of the learned skills in their work environment.
Considering the significant investment that training represents, (Company Name) will seek
assurances in the form of this bond, to ensure that the employee will not defect to another
employer before the cost of the training is amortized. The Employee as such agrees to continue
their employment with (Company Name) for a minimum period of (XX months, years)
commencing from date of training completion.

Repayment Terms
If an employee voluntarily leaves the organization within (# of months/years) of completion of
training, the employee will be required to re-pay the cost of training on a pro-rated basis.
Be it understood that the amount of the bond will not exceed the cost of the training program.
(Company Name) will reduce the value of the training bond at fixed intervals as the employee
works off his or her obligations during the post-training period as outlined below.

Employment ending within:

6 months of completion
12 months of completion
18 months of completion
24 months of completion

Percentage of Repayment
100% repayment
75% pro-rated
50% pro-rated
25% pro-rated

As well, the Employee must sign and agree that in the event that the employment relationship is
severed before such training costs have been amortized, the employer reserves the right to
deduct monies owed from the employees final pay including any provisions under the
Employment Standards Act.

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or as a starting point for their own documents. HRdownloads.com assumes no responsibility for the enforcement or effectiveness
of its templates and policies. Always consult legal counsel before implementing any new policies or procedures at your
organization.

Acknowledgement & Agreement

I, (Employee Name), acknowledge that I have read and understand the terms and conditions of
this Training Bond Agreement. I shall indemnify (Company Name) in the case of leaving the
employment before the minimum period of service agreed upon in this bond.
Furthermore, I, (Employee Name) agree that in the event that our employment relation is
severed for any reason before the remaining balance of any monies owing in relation to this
advancement for training is repaid, then the amount owing will be deducted from any final
wages, accrued vacation pay and applicable severance/notice payments, with any remainder
being pursued through legal means.
Employee Name:

____________________________________

Employee Signature:

____________________________________

Date:

____________________________________

Witness:

____________________________________

Templates and policies from HRdownloads.com are provided for clients of our service. Customers may use this document as is,
or as a starting point for their own documents. HRdownloads.com assumes no responsibility for the enforcement or effectiveness
of its templates and policies. Always consult legal counsel before implementing any new policies or procedures at your
organization.