STRICTLY PRIVATE & CONFIDENTIAL
Date:-
To,
Mr. XYZ
Lalbaug, Mumbai – 400 012
APPOINTMENT LETTER
Dear Mr. xyz,
,
This has reference to your application
and the subsequent discussions you had with us.
Sep 27, ’07 on the following terms and conditions:
1.
Position: You are being appointed as “Accountant ”.
2.
You will initially be based at Mumbai.
3.
Your appointment is subject to
your being medically fit at all times.
4. Compensation and Benefits: You will receive compensation of 1,80,000/- per annum as outlined in the
attached sheet. Income Tax
or any other statutory deductions will be done at source. You will receive a
performance based variable incentive that will be discretionary & based
strictly on performance. You will be eligible for leave and other such benefits
in accordance with the Company’s rules and regulations. The perquisites
applicable to your grade are subject to alteration and amendment, and you will
be entitled to the same as per the rules of the company.
5.
Posting & Transfer: Your place of
work, in the first instant, is as indicated above. However, you can be
transferred temporarily or permanently for duty anywhere in India, depending
upon the needs of the organization. Your service may be transferred to any
office of the Company or its associate organizations in India or abroad
depending upon the exigencies of work.
You will be governed by the transfer rules prevailing in the company at
any given point of time.
6.
Probation: You will be on probation for a period of 6 months,
from your date of joining, after which your performance will be appraised. You
will be confirmed in your appointment in writing on successful completion of
the said probationary period. It may get extended by further period of
6 months if your performance is not found satisfactory. If no confirmation
is made in writing at the end of the probationary period, it will be deemed to
have been extended until the company confirms you in writing.
7.
During
the probation period either party may terminate this agreement by giving 15
days notice or salary in lieu thereof is given.
8. Notice period:
After confirmation, either party, by stating their intention to do so, in
writing may terminate this employment at any time, provided that at least 1 months’ notice or salary in lieu
thereof is given.
9. However, in the event of your being
guilty of misconduct or inattention or negligence in the discharge of your
duties or in the conduct of the Company’s business, or such misdemeanor which
is likely to affect, or affects the reputation of the Company’s working or of
any breach of the terms and conditions herein, the Company reserves its right
to terminate your services at any given point of time, with immediate effect,
without any compensation or notice.
10. Date of Birth:
The date of birth declared by you is September 26, 1974 and you will be bound by such date of
birth in all service matters with the Company.
11. Retirement Age:
You will retire from the services of the Company on attaining the age of 58
years.
12.
You will treat matters
pertaining to the Company's business interests with utmost confidentiality and
such confidentiality has to be maintained during your employment with the
Company and thereafter.
13.
During your services with the
company, you will be governed by the rules and regulations in respect to
conduct & discipline and other matters as may be framed by the company from
time to time.
14.
You will undertake, that while
in the employment of the Company, and for a period of 12 months after
separation from the Company, for any reason whatsoever, you will:
I.
Keep confidential and not
disclose to any unauthorized persons
(a) All Company information, business
and financial interests,
(b) Company intelligence, consisting of sensitive research, either acquired or
in the process of being carried out
(c) Technical capability and
(d) Commercial intelligence disclosed to you and/ or acquired by you in the
course of your employment
II.
Not employ, use and/ or engage
the confidential information for any purposes other than the business of the
Company and only during the course of your employment with the Company.
III.
Not seek or obtain employment
or consultancy directly or indirectly with any other Company entity/
organization or their associates/ affiliates, which is in competition with
Subhkam Group.
IV.
Solicit or endeavor to entice
any employee or person involved, directly or indirectly, from any of the
Company's operations.
15.
You are employed in the Company
full time. You will not be employed by any other Company or offer your services
with or without pay to any physical person, legal entity or public authority or
to be occupied in your own business without the prior written permission of the
Company.
16.
Amendments to the above terms
and conditions, if any will be made in writing.
17.
Please sign and return the
duplicate copy of this letter of appointment (initialing each page) as a token
of your having accepted the above terms and conditions.
Wish you all the very best in your new
assignment.
Thanking You.
Accepted & Agreed
Sing:…………………..
Name: Mr. ABC
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Yours faithfully
For Public / pvt ltd
( President)
