op VARUN BEVERAGES LIMITED @

Corporate Off: Plot No.31, Institutional Area, Sec.-44, Gurgaon, Haryana-122002 (India)
Ph.: +91-124-4643100-500 » Fax: +91-124-4643303/04 E-mail : info@[Link] » Visit us at : [Link]
CIN No. : L74899DL1995PLC069839

REF: VBL/TN/2022/14983
Date: 27.05.2022

Mr. Parthiban K,
2/55 A, Kaliyamman,
Kovil Street, Melchari,
Adichapuram, Thiruvarur,
Tamil Nadu- 614717
SUB: CONTRACT OF EMPLOYMENT

With reference to your application and subsequent discussions with us, we are pleased to appoint you as
“Customer Executive” in grade ‘M01’, subject to your joining us on or before 13-June-2022.

You will initially be based out of Tamil Nadu Territory.

The broad terms and conditions of your employment are as follows:

1. Your basic pay, allowances and perquisites will be as mentioned in the attached Annexure.

2. This contract is subject to your being physically and mentally fit at all times.

3. You will be governed by the Company’s policies and code of conduct/ ethics (which may be amended
periodically), at all times. It will be your responsibility to keep abreast of all such policies and codes
applicable to you.

4. You will discharge your assigned roles and responsibilities with complete integrity, and maintain a high
standard of initiative, efficiency and cost consciousness.

5. You shall not divulge to anyone, during the tenure of your service or subsequently thereafter, through
any means, particulars or details of our business processes, technical know-how, security arrangements,
administrative and/or organizational matters of a confidential / secret nature, which you may be privy
to, by virtue of your role and discharge of your responsibilities. In case of any breach of this clause,
you shall be liable to prosecution in a court of law besides any other disciplinary or other action that
may be deemed appropriate by the Company.

6. During the course of your employment with us, any process improvement, patents, and technology which
you may create, improve or modify, will remain the sole Intellectual property of the Company, and you
will not have any claim to any individual rights on the same during or subsequent to your employment
with us. You will ensure that patents, where applicable, are registered in the name of the Company.

7. Your entire time and attention will be devoted to the Company, during the period of your employment.
You will not, during the course of this contract, work directly or indirectly for any person, firm
or company/organization, with or without pay/remuneration nor will you engage yourself or take
interest, directly or indirectly in any trade or business in any capacity.

Moo Bonal

Regd. Office : F-2/7, Okhla Industrial Area Phase-I, New Dethi - 110 020
Tel. : 011-41706720-25 Fax. 26813665
 «op VARUN BEVERAGES LIMITED @
Corporate Off: Plot No.31, Institutional Area, Sec.-44, Gurgaon, Haryana-122002 (India)
Ph.: +91-124-4643100-500 « Fax: +91-124-4643303/04 E-mail : info@[Link] « Visit us at : [Link]
CIN No. : L74899DL1995PLC069839

8. You will be responsible for the safe custody of all Company property whether they are assigned to you
specifically, or as a shared resource. The Company reserves the right to recall any of these from you,
at any time. In the event of any loss or damage of any Company property in your possession, the
Company reserves the right to recover the damages, and/ or take any such action as it deems
appropriate.

9. Based on business requirements, at the sole discretion of the Company, your services, may be
transferred, assigned or deputed to any department, unit, plant, office or division or to any subsidiary/
sister concern of the Company, (whether existing or to be set up in the future) anywhere in India or
abroad, at any time, for any duration, without any additional remuneration.

10. Clauses related to resignation/termination are as follows:

a. Your notice period will be 1 month.

b. In case you resign from the services of the Company, you will be required to serve the full notice
period unless the company agrees to an earlier release and resultant recovery of notice pay
calculated based on your Basic Salary.
c. Upon your resignation, the Company reserves the right to release you earlier, at its sole
discretion, by paying you notice pay for the unserved period of notice.
d. The company reserves the right to terminate your services at any point by providing 1 months’
notice or 1 months’ notice pay in lieu thereof, in any proportion.
e. |If you are found guilty, at any time, of (i) an act of misconduct, (ii) any willful breach of the
terms of this appointment (iii) violation of rules and directions (iv) having misrepresented any
facts about yourself at the time of hiring or subsequently (v) disobeying any reasonable and
ethical instructions given to you from time to time, the Company may, without any notice or
payment in lieu thereof, put an end to your service and terminate your employment forthwith,
and retain the right to recover all losses, damages and outstanding as it may deem appropriate.

11. You will superannuate from the services of the Organization on the last day of the month in which you
attain the age of 58 years. As declared by you, your Date of Birth is 15-June-1989

12. The compensation offered to you is confidential and must not be shared with anybody at any time.

Please sign a copy of this letter in token of your acceptance of these appointment terms and conditions.

For Varun Beverages Limited;

Moa Bonnd
Mona Baruah

Assistant Vice President - HR | have read, understood and agree to the above.

Date: Name: Parthiban K

Place: Signature:

Regd. Office : F-2/7, Okhla Industrial Area Phase-I, New Dethi - 110 020
Tel. : 011-41706720-25 Fax. 26813665
 op VARUMN BEVERAGES LIMITED
Corporate Off : Plot No.31, Institutional Area, Sec.-44, Gurgaon, Haryana-122002 (India)
Ph.: +91-124-4643100-500 « Fax: +91-124-4643303/04 E-mail : info@[Link] « Visit us at : [Link]
CIN No. : L74899DL1995PLC069839

ANNEXURE
Name: Parthiban K Department: Sales
Grade: MO1 Location: Tamil Nadu
Components Monthly (INR) Annual (INR)
i Basic Salary 18,600 223,200
HRA 9,300 111,600
Education Allowance 200 2,400
Conveyance 1,600 19,200
Special Allowance 1,350 16,200
Sub Total (A) 31,050 372,600
Retiral Benefits
B PF (Employer Contribution) 2,232 26,784
Gratuity 895 10,740
Sub Total (B) 3,127 37,524
Total (A+B) 34177 410,124
Disbursal of all heads of compensation/ benefits will be as per the relevant laws/ statutes (eg
Payment of Gratuity Act, 1972), governing the same and applicable company policies. The Company
reserves the right to reconstitute the heads of compensation at any time, at its sole discretion.

Note:
As per Company policy applicable in your grade, you will be entitled to the following Insurance
coverage :
a. Hospitalization Insurance for Self, Spouse & 2 children

b. Group Personal Accident

c. Group Term Life Insurance

The company's liability is limited to paying the premium related to these insurances, based on information provided by
you in the appropriate format.

For Varun Beverages Limited,

M. Bl
Mona Baruah I have read, understood and agree to the above.

Assistant Vice President - HR Name: Parthiban K

Signature:

Regd. Office : F-2/7, Okhla Industrial Area Phase-I, New Delhi - 110 020
Tel. : 011-41706720-25 Fax. 26813665