DEED FOR LOCAL TRAINING PROGRAMME
AT PAKISTAN INSTITUTE OF ENGINEERING & APPLIED SCIENCES
P.O. NILORE, ISLAMABAD
1.
Know all men by these presents that we (1)
of the permanent address
S/O-D/O
at present residing at
(Hereinafter called the Fellow) AND (2)
S/O-D/O
as (Designation/Profession/Trade) __________________________ at (official address)
working
of the permanent address
(hereinafter called the Sponsor) are held and firmly bound unto the PIEAS through Rector, Pakistan Institute of Engineering and
Applied Sciences (PIEAS), Nilore, Islamabad to pay in lump sum an amount of Rs.400000/- (Rupees Four Lac only) per year to
PIEAS its successors or assigns which amount we will not question to be paid to PIEAS, its successors or assigns for which payment
well and truly to be made, we hereby bind ourselves each of us, and each of our heirs, executors, administrators jointly and severally as
per para 2 of this Deed.
Signed and delivered this
day of
Signature
Full Name
Permanent address
(Fellow)
National Identity Card No.
Signature
Full Name
Permanent address
(Sponsor)
National Identity Card No.
Profession/Trade/Job
Official Address with seal of the officer
2.
Whereas, on his/her request, the Rector PIEAS has selected the Fellow for studies at Pakistan Institute of Engineering and
Applied Sciences P.O. Nilore, Islamabad, under the local training programme, the parties here-to agree to the following
conditions: -
i)
If the Fellow successfully completes the course at PIEAS, he/she shall serve the Pakistan Atomic Energy Commission for a
period of five years as desired by the Commission and shall not seek employment/join in any other Organization
(Government/Semi-government/other) without the prior approval of the Commission.
ii)
If the Fellow either cannot continue his/her studies at PIEAS for reasons acceptable to Rector, PIEAS, P.O. Nilore Islamabad or
fails in any of the examinations, the Rector, PIEAS has the right to extend/terminate his/her fellowship as deemed fit.
iii)
In case the Rector, PIEAS feels that performance of the Fellow is not up to the mark and he/she decides to leave the course
without completing the same or he/she is trying deliberately to fail in the exams or is declared failed because of absenting
himself/herself in the sessional/terminal exams or has not been allowed to appear in the exams because of having less than 80%
attendance and resultantly declared failed; an amount of Rs.400000/- (Rupees Four Lac only) per year will be charged.
If the Fellow himself/herself leaves/absconds from the course, the Rector, PIEAS will determine an amount of Rs.400000/(Rupees Four Lac only) per year which the Fellow and sponsor shall not question and agree to pay the same to the Institute in
lump sum. In case the Fellow leaves/absconds after registration for the reasons not acceptable to Rector, PIEAS, he/she, besides
being liable for the recovery, if any, would also be debarred from future admission at PIEAS.
iv)
(v)
In case the Fellow does not join the service of the Commission if appointed after successful completion of the course, an amount
of Rs.800000/- (Rupees Eight Lac only) shall be paid to PIEAS in lump sum jointly and severally by the Fellow and his/her
Sponsor which they both agree to pay and the decision of Institute in this regard shall be final and binding upon the Fellow and
his/her Sponsor and shall not be questioned by fellow and Sponsor in any manner.
vi)
In case the Fellow absconds, after joining as per preceding clause 2(i), before completion of the required five years service, the
proportionate amount of total bond money (i.e. Rs.800000/-) shall be paid to PIEAS in lumpsum jointly and severally by the
Fellow and his/her Sponsor which they both agree to pay and decision of Institute in this regard shall be final and binding upon
the Fellow and his/her Sponsor and shall not be questioned by the Fellow & Sponsor in any manner.
vii)
In case the conditions applicable are fulfilled, the above agreement shall be of no effect, other wise it shall remain in full force
and virtue.
Attested copies of the property, valuing Rs.
in
respect
of
the
‘Fellow/Sponsor’ are annexed hereto in support of their financial status.
In witness where of the parties here unto have signed this deed on
3.
WITNESS No. 1
Signature:
Signature:
Name:
Father’s Name:
Name:
Address:
Profession/Trade/Job.
National Identity Card No.
(Fellow)
Seal of the Office
Present Address
National Identity Card No.
WITNESS No. 2
Signature:
Signature:
Name:
Name:
Father’s Name:
Address:
Profession/Trade/Job.
National Identity Card No.
(Sponsor)
Seal of the Office
Present Address
National Identity Card No.
The bonafides of the Sponsor and his financial position as a man of means, capable of paying the agreed amount if need be
are attested.
Signature:
Full Name:
National Identity Card No.:
Designation & Seal of office*:
* Signature of officer not below the status of Grade-18.
(Countersignature with date and Seal of Magistrate Class-I/Civil Judge 1st Class)
Note 1. Copies of N.I.C. of all concerned i.e. Fellows/Sponsor/Executants/Witnesses may be annexed duly attested.
Note 2 Please type the same on non-judicial stamp paper(s) of Rs. 100/Note 3. The witnesses should not sign the bond as a witness unless the Fellow and the Sponsor sign the same in their presence.