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The Employee Promissory Note is a crucial document in Pakistani employment relationships where an employer provides financial assistance, loans, or advances to employees. This document, governed by Pakistani law including the Negotiable Instruments Act 1881 and relevant employment legislation, creates a legally binding obligation for repayment. The Employee Promissory Note typically specifies the principal amount, repayment schedule, interest terms (if any), and consequences of default. It may include provisions for salary deductions and early repayment options. The document is particularly important for protecting employer interests while ensuring transparency in employee financial obligations, commonly used in situations involving salary advances, training cost recovery, or employee loans.

1. Parties: Identification of the employee (maker/promisor) and employer (payee/promisee) with full legal names and addresses

2. Background: Context of the promissory note including employment relationship and reason for the debt or advance

3. Definitions: Key terms used in the document including 'Principal Amount', 'Interest Rate', 'Payment Date', etc.

4. Promise to Pay: Unconditional promise to pay a specific sum with clear payment amount and currency

5. Payment Terms: Details of payment schedule, installment amounts, and payment methods

6. Interest Rate: Specification of any applicable interest rate and calculation method

7. Default and Acceleration: Consequences of missing payments and conditions for immediate full payment requirement

8. Representations and Warranties: Employee's confirmation of understanding and ability to repay

9. Governing Law: Specification of Pakistani law as governing law

10. Execution: Signature blocks with date and witness requirements