About this document
1. What this document is
A training bond agreement records an employer-funded training arrangement and the employee’s agreed service or repayment commitments.
2. Purpose
Use this template where an employer pays for identified employee training and wishes to set clear, proportionate terms for post-training service and repayment.
3. Key components
- Parties and background identifying the employer, employee and funded training arrangement
- Training details setting out the programme, provider, dates and approved costs
- Employer funding obligations and conditions for payment or reimbursement
- Employee participation duties, performance expectations and supporting documentation
- Service commitment period following completion of the training
- Repayment triggers and a proportionate repayment calculation schedule
- Payment, recovery and lawful deduction arrangements
- Confidentiality, records and notices provisions
- Governing law, dispute-resolution and general contract terms
- Signature blocks and a training-cost schedule for the parties to complete
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