BOND AGREEMENT

THIS AGREEMENT is made on the       day of      .

BETWEEN:-

1.      
(company name & address) (hereinafter called the “COMPANY”) and

2.      (NRIC No.      )

of      

     (address and contact number) (hereinafter called the “EMPLOYEE”).

NOW THIS AGREEMENT WITNESSETH as follows:

1. The EMPLOYEE agrees:

(a) to read all the required subject modules attended course;

(b) that upon the completion of the year of study covered by the
scholarship award, the EMPLOYEE shall be bonded to the
COMPANY to serve out his bond for a total period of       month(s)
(hereinafter called the “BOND PERIOD”);

(c) that the BOND PERIOD shall commence from the date of the first day
the EMPLOYEE resume working after successfully completion of the
course which fee is borne by COMPANY.

(d) notwithstanding the foregoing provisions, in the event the COMPANY

is unable for whatever reason to employ the EMPLOYEE or should the
EMPLOYEE’s employment with the COMPANY be terminated by
reason of the COMPANY’s restructuring or change in internal
manpower requirements, the COMPANY may, at its discretion,
discharge the EMPLOYEE from his BOND PERIOD and all other
liabilities associated with the amount of monies been borne by the
COMPANY for the attended course by the EMPLOYEE.

2. The COMPANY hereby agrees to borne the course fee for      

course which EMPLOYEE shall be liable to attend.

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3. It is further agreed that

a. if the EMPLOYEE’s behaviour during the course brings ill repute to the
COMPANY or causes his/her status in the course to be suspended,
his/her will be withdrawn from the course at the discretion of the
COMPANY. He/She will be required to refund the whole amount being
borne by the COMPANY.

b. if the EMPLOYEE decides for whatever reason to discontinue with the

course attended for any whatsoever reason or not fulfilling any of the
terms and conditions listed in this agreement) during his term of course
attended, or does not complete serving the BOND PERIOD,
EMPLOYEE will be liable to refund the whole amount of money being
borne by the COMPANY.

Under both circumstances above, refund shall be made to PROCESS-3

SERVICES SOLUTION SDN BHD in one single payment and no later than
one month from the date of termination of the course attended as determined
by the COMPANY.

-cont-

IN WITNESS WHEREOF the said parties hereto have hereunto set their hands and
seal the day and year first above written.

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Signed, sealed and delivered by )
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(EMPLOYEE) ) (Signature)
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and accepted by )
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Name and Designation ) (Signature)
on behalf of the COMPANY )
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in the presence of: )
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(WITNESS) ) (Signature)
on behalf of the COMPANY )

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