Notes on Employment Equipment Agreement

Employment Equipment Agreement

• Acknowledgment of Agreement

  • Employee agrees that equipment purchased with the company card will be purchased at 80% of original cost if employment is terminated.

• Equipment Details

  • Example equipment: MacBook Pro

  • Original Price: PKR _

  • Approximate USD Price: USD _ (conversion: 1 USD = 280.4 PKR)

• Ownership

  • All equipment remains the property of the company until purchased by the employee.

  • Equipment may be used for any lawful activities during employment.

• Termination Conditions

  • Upon employment termination (voluntary or involuntary), employee agrees to buy the equipment at 80% of its original cost:

  • Cost: PKR (approximately USD ).

  • There are no options for returning the equipment.

  • Employee must complete the purchase process promptly.

• Responsibilities of Employee

  • Responsibility for proper care and handling of the equipment during employment.

• Agreement Validity

  • This agreement is effective from the employment date and remains valid until the equipment is purchased or otherwise advised by the company.

• Employee Information Section

  • Employee Name: _

  • Employee Signature: _

  • Date: _

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