Agreement
under section 31A(ii) of the Payment of Bonus Act
This
agreement is made on this day the _____________ between
1. M/s
___________________________________________ through its
partner/director/Proprietor Sh. ___________________S/o Sh. ______
Hereinafter called the employer and
2. Majority of the Labour in person as mentioned
hereinafter
Whereas
the majority of the labour/employees approached the management of employer to
fix the payment of bonus without considering profit and loss of the employer on
the basis of production/productivity of the unit and the management has agreed
to their request and signed the terms and condition for fixing percentage of payment
of bonus as under:-
1. That the payment of bonus to
all the eligible Labour/Employees shall be paid for the year ending
_______________ to year ending ________________ as per the formula as under:-
a) ____ % bonus of the
salary/wages shall be paid if the production of unit during the relent year
increases _______________MT
b) _____% of the bonus of
salary/wages shall be if the production of unit during the relevant year
remained below and equal to the quantity fixed at 1(a) above.
2. The Employees shall not
claim over and above the amount as fixed at serial No. 1 above and shall not
file any claim in any court/tribunal
Date: For
Place
Employees
in person
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Name
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Father’s Name
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Designation
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Signatures
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