THIS AGREEMENT made
at………………this………………day of………………20…………. between XY Co. Ltd., a company
incorporated under the Companies Act, 1956, and having its registered office
at………........ Hereinafter called the said company, of the ONE PART and A son of
............................ resident of………………hereinafter called the said A of
the OTHER PART.
WHEREAS Shri A was appointed as
Manager of the company for a period of three years w.e.f.
………………to………………vide
agreement dated………………executed between the said
company and Shri A,
hereinafter called as the said agreement-,
AND
WHEREAS in
terms of clause………………of the said agreement the agreement can be renewed for a
further period on the terms and conditions mutually agreed between the parties;
AND
WHEREAS
the said agreement is about to expire on .......................and the parties
have agreed to renew the said agreement for a further period of three years in
the manner hereinafter appearing.
It is agreed between the
parties as follows:
(1) The period of appointment
of Shri A as manager as originally
agreed to be for three years is extended for a further period of three
years.
(2) The salary of A will be Rs
………………p.m. w.e.f ……………….
(3) All other terms and
conditions of the said agreement will remain in full force and effect,
save and except to the extent, it shall
necessarily be altered or modified by this agreement.
IN
WITNESS
whereof the parties hereto have executed this agreement on the day and year
first above mentioned.
WITNESSES
1.
Signed
and delivered by the within named company X
Y
Co. Ltd. through the hands of Shri ........................ Managing
Director, authorised official
2.
Signed
and delivered by the within named A
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