Common use of Qualification for Surety Bond Clause in Contracts

Qualification for Surety Bond. If requested, Employee agrees to furnish all information and take any other steps necessary to enable Company to obtain a fidelity bond conditioned on the rendering of a true account by Employee of all money, goods, or other property that may come into the custody, charge, or possession of Employee, during the term of employment. All premiums on the surety bond are to be paid by Company.