Memorandum of Understanding
Between: Ms. XYZ and ABC Ltd.
Objective: To settle the final accounts of the employee.
1. That, the Company agrees and thus pays an amount of Rs.26,988/-(Twenty Six
Thousand Nine Hundred Eighty-Eight only) vide Chq. No. 016296 dated 5th
September 2009 towards salary for the month of August 2009, to Ms. XYZ in
Full & Final Settlement of her dues. All the cheques are drawn on HDFC Bank,
KG Marg, and New Delhi.
2. THAT, it is agreed by the both parties that no further dues are remaining to be
settled and it is the full and final settlement.
XYZ For ABC Ltd.