{"id":1581,"date":"2023-01-30T11:05:51","date_gmt":"2023-01-30T09:05:51","guid":{"rendered":"https:\/\/law-online.co.za\/product\/acknowledgement-of-debt-by-an-employee\/"},"modified":"2024-03-20T03:39:35","modified_gmt":"2024-03-20T01:39:35","slug":"acknowledgement-of-debt-by-an-employee","status":"publish","type":"product","link":"https:\/\/law-online.co.za\/doc\/acknowledgement-of-debt-by-an-employee\/","title":{"rendered":"Acknowledgement of Debt by an Employee"},"content":{"rendered":"<p>The Acknowledgement of Debt includes the following:<\/p>\n<ul>\n<li>Employee&#8217;s personal details<\/li>\n<li>The total amount of the debt<\/li>\n<li>A detailed repayment plan<\/li>\n<li>Authorization for the employer to deduct the agreed repayments from the employee\u2019s salary<\/li>\n<li>Terms of default and costs<\/li>\n<\/ul>\n<p><strong>How to Use the Acknowledgement of Debt Template<\/strong><\/p>\n<ul>\n<li>Review the document to ensure it aligns with your requirements. Feel free to make any necessary alterations.<\/li>\n<li>Input the necessary details and have the employee sign the document.<\/li>\n<\/ul>\n<p>Please consult a specialist if the transaction is subject to the National Credit Act 34 of 2005.<\/p>\n<p>Synonyms: Payment Undertaking, AOD, Employee Payment Undertaking, Employee AOD, Staff Payment Undertaking, Staff AOD, Staff Acknowledgement of Debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If an employee owes your company money, an Acknowledgement of Debt (AOD) is a practical solution. This legal document, aligned with South African law, creates a formal agreement between the employer and the employee detailing the debt owed and the repayment plan.<\/p>\n","protected":false},"featured_media":2356,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}}},"product_cat":[113],"product_tag":[],"acf":[],"_links":{"self":[{"href":"https:\/\/law-online.co.za\/wp-json\/wp\/v2\/product\/1581"}],"collection":[{"href":"https:\/\/law-online.co.za\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/law-online.co.za\/wp-json\/wp\/v2\/types\/product"}],"replies":[{"embeddable":true,"href":"https:\/\/law-online.co.za\/wp-json\/wp\/v2\/comments?post=1581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/law-online.co.za\/wp-json\/wp\/v2\/media\/2356"}],"wp:attachment":[{"href":"https:\/\/law-online.co.za\/wp-json\/wp\/v2\/media?parent=1581"}],"wp:term":[{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/law-online.co.za\/wp-json\/wp\/v2\/product_cat?post=1581"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/law-online.co.za\/wp-json\/wp\/v2\/product_tag?post=1581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}