ACKNOWLEDGEMENT OF DEBT BY EMPLOYEE BETWEEN:
________________________________________________________________ (“the employer”) AND
________________________________________________________________ (“the employee”)
I, the undersigned employee, acknowledge that I am indebted to the employer in the sum of R___________________ (“the Capital Sum”) being in respect of an advanced payment made by the employer for Covid-19 TERS benefits. I confirm that the Unemployment Insurance Fund (UIF) will pay these benefits directly to me and I further confirm that I will pay the full amount received from the UIF over to the employer within 2 days of receipt thereof, providing that amount received from the UIF does not exceed the amount advanced to me by the employer as set out herein. Failure to make such payment to the employer constitutes misconduct for which disciplinary action may be taken against me. In the event that I fail to make payment as set out above, I authorise the employer to deduct from my wages / salary every week / month an amount of R _____________ being the agreed repayment installment. (a)
If I should leave the employer for any reason whatsoever before the debt is fully repaid:
(i)
the balance of the debt shall immediately become due and payable; and
(ii)
the employer shall be entitled to apply any other amount owing to me by the employer towards liquidation of the debt.
(b)
I shall keep the employer advised of my new address together with any details relating thereto;
(c)
I confirm that due to the COVID-19 lockdown this Acknowledgment of Debt was transmitted to me electronically;
(d)
I confirm that my acceptance of the terms of conditions of this agreement via electronic means, constitutes an electronic signature and that this document will be regarded as a written acceptance of the terms and conditions thereof for any purpose in law; and
(e)
I confirm that I will physically sign this document upon my return to the workplace and when requested to do so by the employer. I confirm that my failure or refusal to do so may lead to disciplinary action against me. I confirm that this requirement does not in any way detract from my electronic acceptance of the terms and conditions of this agreement but is only required for purposes of recordkeeping.
SIGNED at _______________ on this ______ day of ______________________ 2020.
____________________________
______________________________
EMPLOYER
EMPLOYEE
____________________________
______________________________
WITNESS
WITNESS