This verse from Leviticus 25:53 refers to the treatment of a Hebrew indentured servant who has sold himself into service to a non-Israelite. It is part of a larger section (Leviticus 25:39-55) dealing with the laws regarding how to treat Israelites who become impoverished and sell themselves into servitude to fellow Israelites or, as in this case, to foreigners residing in the land.

Here's a breakdown of the verse:

"As a servant hired year by year shall he be with him.": This means the Hebrew servant's service should be treated like that of a hired worker under contract. He is to be treated fairly and with respect. The key element is the time-bound nature of the agreement. The implication is that his status is temporary and he is not to be considered permanently enslaved.

"He shall not rule with harshness over him in your sight.": This is a crucial provision to protect the servant. The non-Israelite master is prohibited from treating the Hebrew servant cruelly or oppressively. The phrase "in your sight" implies that the Israelite community has a responsibility to monitor and ensure that the servant is not being mistreated. This serves as a safeguard against abuse and underscores the principle of justice and compassion even towards those in vulnerable positions.

In essence, this verse is aiming to limit the power of the master and safeguard the dignity and well-being of the indentured servant. The servitude is meant to be a temporary measure to alleviate poverty, not a permanent state of oppression. The law emphasizes just treatment and prohibits harsh and cruel behavior. This is to be overseen and enforced by the Israelite community.

It's important to understand that these laws are embedded in the specific historical and cultural context of ancient Israel. Interpretations can vary, but the underlying principles of justice, compassion, and the limited duration of indentured servitude are central to the passage.