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An employment bond is a legal agreement between an employer and employee, typically outlining the terms and conditions under which the employee agrees to work for the company for a specified period. In exchange for training, career development, or relocation benefits, the employee agrees to stay with the company for a set duration. If the employee leaves the organization before the bond period ends, they may be required to pay a penalty or reimburse the employer for expenses incurred during their employment. Employment bonds are common in industries where specialized training or investment is
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