Model Format of Wages, Assignment of

Model Format of Wages, Assignment of

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Model Format of Wages, Assignment of
Model Format of Wages, Assignment of

This Assignment is made on ______________ (Date), by and between __________________ (“Employee” and “Assignor”) at ________________________ (“Employee Address”), and the Assignee (“Assignee”) __________________, at ________________________ (“Assignee Address).

In consideration of forbearance on a debt, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

I.       Subject to paragraph 2 below, Assignor assigns and transfers to Assignee Rs. ______ per month, or other agreed upon pay period, or _____% of all salary, wages, bonuses, commissions and other compensation or remuneration payable to the Assignee (“Wages”) by his or her primary employer, _________________, and any other secondary employer of the Assignor (collectively the “Assigned Wages”).

2.       Notwithstanding the assignment referred to in paragraph 1 above, the amount of the Assigned Wages assigned to the Assignee by the Assignor shall not exceed the maximum amount permitted to be assigned by the laws of the jurisdiction of the place of employment of the Assignor, and nothing herein shall be construed or interpreted as effecting an assignment of any greater amount….

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