February 04,2006
Ms. Shilpa Srivastava
B-71, Lajpat Nagar – 2,
New Delhi - 110024
Appointment
Dear Ms. Shilpa Srivastava,
We have pleasure in appointing you as Human Resource Manager in our organization, effective
18-April-2016 on the following terms and conditions:
1. Placement & Compensation
You will be placed in the appropriate band / responsibility level of the Company, and will be
entitled to compensation (salary and other applicable benefits) as detailed in Annexure “A”.
Compensation will be governed by the rules of the Company on the subject, as applicable
and/or amended hereafter.
2. Salary revision
Your salary will be reviewed on April 1st of each year, or at such other time as the
Management may decide. Salary revisions are discretionary and will be subject to, and on the
basis of, effective performance and results.
3. Posting & Transfer
Your initial posting will be at “)”. However, your services are liable to be transferred, at the
sole discretion of Management, in such other capacity as the company may determine, to any
department / section, location, associate, sister concern or subsidiary, at any place in India or
abroad, whether existing today or which may come up in future. In such a case, you will be
governed by the terms and conditions of the service applicable at the new placement location.
4. Probation:
That you will be on probation for a period of six months. The period of probation can be
extended at the discretion of the Management and you will continue to be on probation till an
order of confirmation has been issued in writing.
5. Full time employment
Your position is a whole time employment with the Company and you shall devote yourself
exclusively to the business and interests of the company. You will not take up any other work
for remuneration (part time or otherwise) or work in an advisory capacity, or be interested
directly or indirectly (except as shareholder / debenture holder), in any other trade or business
during your employment with the company, without permission in writing of the Board of
Directors of the Company. You will also not seek membership of any local or public bodies
without first obtaining specific permission from the Management.
6. Confidentiality
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You will not, at any time, during the employment or after, without the consent of the Board
of Directors disclose or divulge or make public, except on legal obligations, any information
regarding the Company’s affairs or administration or research carried out, whether the same
is confided to you or becomes known to you in the course of your service or otherwise.
7. Intellectual Property
If you conceive any new or advanced method of improving designs/ processes/ formulae/
systems, etc. in relation to the business/ operations of the Company, such developments will
be fully communicated to the company and will be, and remain, the sole right/ property of the
Company.
8. Responsibilities & Duties
Your work in the organization will be subject to the rules and regulations of the organization
as laid down in relation to conduct, discipline and other matters. You will always be alive to
responsibilities and duties attached to your office and conduct yourself accordingly. You
must effectively perform to ensure results.
9. Past Records
If any declaration given, or information furnished by you, to the company proves to be false,
or if you are found to have willfully suppressed any material information, in such cases, you
will be liable to removal from services without any notice.
10. Retirement
The retirement age is 60 years. You will retire from the employment of the Company at the
end of the month in which you attain 58 years of age.
11. Termination of employment
During the probationary period and any extension thereof, your services may be terminated
on either side by giving one month’s notice or salary in lieu thereof. However, on
confirmation the services can be terminated from either side by giving two months (60 days)
notice or salary in lieu thereof.
Upon termination of employment, you will immediately hand over to the Company all
correspondence, specifications, formulae, books, documents, market data, cost data,
drawings, affects or records belonging to the Company or relating to its business and shall not
retain or make copies of these items.
Upon termination of employment, you will also return all company property, which may be
in your possession.
12. Medical Fitness
This appointment is subject to your being, and remaining, medically fit.
Please confirm your acceptance of the appointment on the above terms and conditions by signing
and returning this letter for our records.
Yours faithfully,
For
I have read the terms and conditions of this letter of appointment and confirm my acceptance of
the same.
(Signature and Date)
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ANNEXURE ‘A’ : COMPENSATION DETAILS (Salary & applicable benefits)
Name :
Designation :
Date of joining :
Location :
a) Remuneration
Basic Salary : Rs. /- per month
House Rent Allowance : Rs. /- per month
Special Allowance : Rs. /- per month
Conveyance Allowance : Rs. /- per month
Medical reimbursement Limit : Rs. /- per annum
b) Retirals
i. You will participate in the Company Provident Fund Scheme as applicable to your
category of employees.
ii. You will be entitled to gratuity in accordance with the rules governing such payment.
c) Leave
You will be entitled to privilege, sick and casual leave as applicable to your category of
employees.
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Note:
It is expected that individual compensation package would not be shared with other
employees.
The above compensation structure is subject to change without affecting emoluments
adversely.
Applicable tax would be borne by the employee.
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