EDUK8 LEARNING LABS PVT.
LTD
HobSpace Reg Office: 8A/804, Akash Deep, Damodar Park, LBS
Marg, Ghatkopar (W), Mumbai – 400086
24/05/2022
Offer Letter
Dear Anand Jaiswal,
Congratulations! We are pleased to confirm that you have been selected to work for EDUK8 LEARNING LABS PRIVATE
LIMITED. We are delighted to make you the following job offer:
The position we are offering you is that of Business Development Executive-US with an annual cost to company of INR
7,30,000/- (Seven Lakh and Thirty Thousand Rupees Only). This position reports to Biswajeet Karmakar.
We would like you to start work on 30-May-2022. Please report to Biswajeet Karmakar for documentation and
orientation. If this date is not acceptable, please contact me immediately. On joining, you will be invited to our HR tool
(XPayroll) in which you may be required to upload your documents.
Please sign the enclosed copy of this letter and return it to me by 25-May-2022 to indicate your acceptance of this offer.
We are confident you will be able to make a significant contribution to the success of EDUK8 LEARNING LABS
PRIVATE LIMITED and look forward to working with you.
Sincerely,
Priya Goel
EDUK8 LEARNING LABS PRIVATE LIMITED
Accepted by,
Anand Jaiswal
Annexure A
1. Position & Start Date:
You shall be employed as Business Development Executive-US. You will report to such officer as the Company may
designate from time to time. You will currently be working at the Company’s office located in Mumbai or such other
locations as may be determined by the Company from time to time. You may be required to travel to locations within or
outside India as necessary to perform your work duties.
2. Compensation:
Your overall CTC would be INR 7,30,000/- (Seven Lakh and Thirty Thousand Rupees Only). Your variable performance
bonus will be linked to the targets which would be set up post mutual agreement, paid on your individual and company
performance. The same would be paid in accordance with the standard payroll practice and subject to applicable
withholding taxes and statutory deductions. The detail break-up of your CTC is mentioned in Annexure 1.
3. Deductions
The Company shall be entitled to deduct from the above remuneration payable to you, the following contractual,
statutory and compulsory deductions:
a. Provident Fund
b. Income tax deducted at source at the rates applicable (if applicable)
c. Employment / professional taxes
d. Any other applicable statutory deductions
The income tax liability with regards to your salary and perks will be your liability and will be governed by the applicable
tax laws of the country as applicable from time to time
4. Probation period:
1. It is important to both of us that during your initial period of employment your ability to perform your duties would
be carefully assessed. Accordingly, we have agreed that the first three months of employment represent a
probationary period. In case your work and conduct are found to be satisfactory, you will be deemed confirmed at
the end three months unless notified otherwise in writing. Unless stated otherwise, there would not be any change
in your employment terms or conditions. Your employment probation period includes your training period with the
firm.
2. You are entitled to get Paid leaves after completion of Probation Period. Any leaves taken in probation period will
be counted as ‘Loss of Pay’.
3. During the probation period, if the company is not satisfied with your performance or in the event of any
misconduct, then the company at its own decision can terminate your services of employment before the
completion of probation period without any payout.
5. Leaves
You will be entitled to get 1.5 casual leave/sick leave per month after completion of probation period. Employees whose
date of joining service falls between 1st to the 15th of a month are entitled to get the leave credit for that month.
Employees whose date of joining service falls between 16th to the end of the month are not entitled for the leave credit
for that month.
6. Notice period:
In the event of your resignation from the services of the Company, you will be required to give the Company a written
notice. The notice period must be served in full i.e., 30 days, unless otherwise agreed by the Company in writing. In case
of failure to give the above notice period, the Company shall have the right to deduct the salary in lieu of the notice
period and you will not be eligible to be hired by the Company in future. You shall, on ceasing to be an employee of the
Company for any reason and in addition to the obligations under the Non-Disclosure and Confidential Information
Agreement, forthwith return all Company properties, movable and immovable, including all Company information and
data in any form, files, reports, memoranda, software, credit cards, door and file keys, computer access codes, laptops,
desktops, and such other property which you received or in possession or prepared in connection with your employment
with the Company.
7. Absence from Duty:
When an employee takes off from duty without prior leave approval or proper intimation under certain unavoidable
circumstances, then those day/days will be treated as absence from duty. The days of absence will be treated under loss
of pay. The employee must report to his / her department head on rejoining duty from absence and provide valid reasons
for absence in writing before taking up work again. If an employee is absent from duty for more than 2 (two) days
without any information, employment will be discontinued without any notice.
8. Termination of employment
During the probationary period and any extension thereof, your services may be terminated without giving any notice or
salary in lieu thereof. However, on confirmation the services can be terminated from either side by giving one month (30
days) notice or salary in lieu thereof.
Upon resignation/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 resignation/termination of employment, you will also return all company property, which may be in your
possession.
Notwithstanding the above condition, the contract of service may also be terminated because of under mentioned
stipulations. This will be without payment of any compensation.
If you fail, refuse or neglect to carry out and perform your duties assigned to you by the company.
For loss of confidence in you by the company for any of the act committed by you.
If you are found to be guilty of fraud, insubordination or misconduct whether in course of performance of duties
entrusted to you or otherwise.
If you are found unfit for being entrusted with the responsible work commensurate with your position in
consequences of any misconduct, moral turpitude. * If you commit any act prejudicial to the continuing good
relationship between you and the company.
If you commit breach of any of the terms of this letter of appointment.
9. Company Policies / Direction:
You agree to abide by all Company policies and rules as enacted and/or amended by the Company from time to time,
including, but not limited to, the standards of business ethics that all employees are expected to or ought to live by and
all provisions contained in the Company’s code of business conduct, as may be in force from time to time.
10. Non-Solicitation:
During your employment with the Company and for a period of 6 (six) months thereafter, you shall not, directly or
indirectly, solicit or encourage any person or party with or with respect to whom the Company has a direct or indirect
exclusive contractual or employment arrangement, to enter into or become the subject of any direct or indirect
contractual or employment arrangement with you or with any third party, business or enterprise with which you are or
may become directly or indirectly affiliated.
11. Non-Disparagement:
During your employment and after its termination, you shall not directly or indirectly disparage the Company in any way,
or make negative, derogatory, or untrue statements about the business activities of the Company or its directors,
managers, officers, employees, affiliates, agents, or representatives.
12. Injunctive Relief:
You acknowledge and agree that if you violate any of the material terms of this letter, the Company will suffer
irreparable injury and damages, the amount of which cannot be adequately remedied by or measured in monetary
terms. Thus, you hereby agree that the Company shall be entitled to injunctive relief, in addition to any other remedy
available at law or equity, in the event you violate any of the terms or conditions of this letter
13. Confidential Information:
The Employee shall forever hold the Confidential Information in confidence and shall not publish, disclose or disseminate,
any time, to any Person or Competitor of the Company/ Affiliates; or use for any purpose any Confidential Information
other than such purposes as shall be required to fulfil the Employee’s duties with the Company, or remove any
Confidential Information, in whole or in part, from the Company’s premises, without the Company's prior written
permission.
14. Non-Competition:
During the term of Employee's engagement with the Company and for two (2) years thereafter (the "Restricted
Period"), Employee will not engage in any acts of Competition. In agreeing to this restriction on Competition, he shall not
engage with any competitors during this period.
15. Appointment in Good Faith:
It must be specifically understood that this offer is made based on your proficiency on technical/professional skills you
have declared to possess as per your application for employment. The company shall have the right to terminate your
services forthwith without giving any notice notwithstanding any other terms and conditions stipulated therein. The
above terms and conditions are based on the company’s policy, procedures and other rules currently applicable in India
and are subject to amendments and adjustments from time to time. In all matters including those not specifically covered
here such as traveling, retirement, etc. you will be governed by the rules of the company as shall be in force from time to
time.
Your appointment is being made on the basis of your particulars such as antecedents and qualifications, etc. as
furnished in your application for employment and in case, at any stage, any information as given by you is found to be
false, incorrect, your appointment will be deemed void ab-initio and liable for termination without any notice or salary in
lieu of notice.
16. Notice Period Buy-out:
a. In case, the Company chooses and decides to buy out your notice period “Notice Buyout”, the Company shall
reimburse the amount paid by you for the unserved notice period to your previous company based on documents and
statements presented by you.
b. During the course of your employment with the Company, in the event of you resigning or the Company terminating
your employment within one year of your employment, the Notice Buyout amount shall be reimbursed by you to the
Company immediately. Once everything is finalized and reimbursed by you to the Company, you shall be relieved from
your employment.
17. Maternity Leave:
Maternity leave and benefit shall be in accordance with the statutory rules and regulations of the Maternity Benefits Act,
1961. Women employees with less than two surviving children having worked for at least 80 days in the 12 months
immediately preceding the date of her expected delivery are eligible to avail Maternity Benefit. Maternity leave can be
availed for a maximum period of 26 weeks of which not more than 8 weeks can be availed before the delivery. Unavailed
maternity leave will not be adjusted with other leaves. Maternity leave can be availed only twice during the service of the
employment. Prior intimation and medical proof submission are mandatory.
18. Refund of Relocation Expenses:
In case you are provided any relocation expenses, and you resign/are terminated within 12 months of joining you will be
required to refund to the company all expenses incurred by the company on account of your joining i.e., household goods
movement, travel and accommodation etc.
