Satish Jadav 101777 26504-1
Satish Jadav 101777 26504-1
2015
Satish Jadav
1-59/203, Navgrah CHS,,
Poonam Sagar Complex,, Mira Road-East, Thane,
Mumbai, Maharashtra - 401107.
Subsequent to our discussions, we are pleased to offer you employment in the Manager Family as Dy.
Manager in the Job Role Integrated Access Network Lead on the following terms and conditions:
However, during employment with the Company , you may be posted at any other location in India or
abroad, without any additional remuneration. Further your services may be transferred to any other
Reliance Group Company.
You will join us as soon as possible but not later than 31.08.2015.
02. COMPENSATION:
i.Fixed Pay: Rs. 9,42,436/-(Rs.Nine Lac(s) Forty Two Thousand Four Hundred and Thirty Six) per
annum.
This includes Basic Pay and other allowances, benefits, perquisites etc as per the compensation policy
of the company.
ii. Retirals : Rs. 57,564/-( Rs.Fifty Seven Thousand Five Hundred and Sixty Four) per annum
This includes Provident Fund and Gratuity (company's contribution @ 12% of Basic Pay, and 4.81% of
Basic Pay, respectively).
Note: Aggregate of Fixed Pay and Retirals is Committed Pay as per applicable rules (refer Annexure 1A)
iii. Performance Linked Incentive (PLI): Rs.1,00,000/- (Rs.One Lac(s) ) per annum (maximum
payout) (This is the maximum payout at Performance Level Significantly Exceeds Expectations).
PLI is a performance linked incentive, and is the variable component of the compensation. This will be
determined on the basis of your individual performance, your business unit performance, and overall
Reliance performance as determined by the Central Apex Committee.
PLI is payable subject to the employee being on the rolls of the company and not serving notice period
on the date the amount is disbursed , notwithstanding any delay on the announcement of such
disbursement.
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CTC is indicative cost to the company and will include the various components of pay that are
being offered by the Company for being chosen by you, as per your requirements and subject to
prevailing policy and rules. In the year of joining and leaving the Company, the CTC will be pro-
rated based on the number of days you are in the employment of the Company.The available CTC
components along with limits have been detailed in Annexure 1-B. For your reference, in
Annexure 1-C,we have covered each component of compensation in detail.
Please note that the components within each category of payments are discretionary and the
Company has the right to change these components any time without notice. Your compensation
and all other payments received by you would be subject to the prevailing tax rules and
regulations.
Please review Annexure I-A, I-B, and I-C, as well as the detailed "Terms & Conditions of
Employment" at Annexure II. These employment terms will be effective from the date of your
joining the Company, and sets forth the terms and conditions under which Company would employ
you and your acceptance of the offer of employment would be on the basis of these terms and
conditions of employment.
You will become a member of the Provident Fund Scheme, as per the rules in force from time to
time. The Company's contribution (including contribution to Central Government Pension Scheme)
under this scheme is 12% of your Basic Salary with a matching compulsory contribution from you.
You will be required to submit necessary enrolment/transfer forms to the HR Department
immediately upon joining.
Your compensation and all other payments received by you would be subject to the prevailing tax
rules and regulations.
Please sign and return to the Company a copy of this letter containing Annexure I-A, Annexure I-
B, Annexure I-C, as well as the detailed "Terms & Conditions of Employment" at Annexure II,
as confirmation of your acceptance and return it to the undersigned within ten days from the date
of issue.
This letter of appointment shall automatically stand withdrawn in case we do not receive your
acknowledgement and acceptance within ten days from issue of this letter.
We look forward to your joining our team for a long, successful and pleasant association.
Sincerely yours,
For Reliance Jio Infocomm Ltd.
AUTHORISED SIGNATORY
I have read and understood all terms and conditions relating to my appointment/ employment and
declare that I hereby unconditionally and irrevocably accept the same.
I shall report for duty on __________________________
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Note :
The above amounts are the maximum permissible limits. On joining, you may change the same to suit
your needs.
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1. The income tax calculation is provisional and is based on the current Income Tax Rules. Any change
in the Rules will impact the Income Tax projections.
2. Fixed Pay elements like Fuel & Maintenance, Medical Reimbursements, LTA are reimbursed based on
the actual bills to be submitted and in case the same falls short of the amount chosen, balance will be
paid as taxable allowance.
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RJIL/38435/101777/2015
Annexure I-C
COMPONENTS OF COMPENSATION (CTC STRUCTURE)
The Company follows a Cost to the Company (CTC) structure that reflects the total cost of an employee
to the organization and includes all direct & indirect payments including benefits, perquisites, subsidies,
and Performance Linked Incentive (PLI). It is so designed so as to provide flexibility to the employees in
structuring their compensation package. However, the components within each category of payments are
discretionary and the company has right to change these components any time without notice.
I. Fixed Pay - This constitutes the part of CTC other than Retirals and PLI.
a) Basic Salary :
This is the base pay component of the fixed pay and is the reference salary for Provident Fund
and Gratuity contribution. (Please refer Point II below.)
All employees, presently covered by the two wheeler schemes are eligible for Fuel & Vehicle
Maintenance Reimbursements. Additionally, employees who wish to use their self-owned
vehicles are also eligible for the same.
The limit for Fuel & Maintenance for Own and Lease Plan Two Wheelers is as under:
Upto Rs.1.00 lac per annum Rs.24,000 per annum in general. For
(extendable to Rs.1.50 lacs - subject to Executives staying in Jamnagar City,
certification of the Log Book to be existing limits of Rs.36,000 will
submitted to accounts) continue.
To meet the expenses incurred by Employee towards the education expenses of employee's
children.
Maximum upto Rs.100 per child per month subject to a maximum of two children is tax exempt.
To meet the expenses incurred by Employee towards hostel expenses of Employee's children.
LTA refers to the reimbursement that the Company provides towards the expenses incurred by
employee on vacation travel with their families to any place within India. There are certain
qualifying criteria for claiming LTA. These are detailed below:
Two journeys, anywhere in India, in a block of four years is tax exempt. The current block is
calendar year 2014 - 2017.
f) Medical Reimbursement
The expenses incurred by employee to meet health related expenditure, such as medicines,
doctor's fees etc of the employee and his family members will be reimbursed upto a maximum
of Rs. 15,000 per annum against production of bills..
g) Conveyance Allowance
The expenses incurred by an employee for travelling from his residence to the office at the
base location. However, this option can be availed only if the employee is not covered under
the company car scheme.
Sodexo / Accor Pass Meal Vouchers are food coupons that can be exchanged for food and
beverages at over 10000 affiliated establishments across India.
However, once purchased, these coupons cannot be redeemed for cash. Similarly, the Sodexo
/ Accor Pass Gift Vouchers can be used to buy daily necessities at over 6000 affiliated
establishments across India.
i) Gift Coupons
House Rent Allowance is paid in order to meet the expenses incurred on account of rented
accommodation.
Quantum of HRA will be decided by employee as a part of Employee Choice Pay break-up [50% of
Basic salary in Mumbai, Delhi, Kolkata & Chennai (or) 40% of Basic salary in other locations].
The amount of HRA exempt from tax will be the least of the following amounts:
At the end of the 5 year The amount due from the employee would be Nil, and the vehicle
term would be transferred in the name of the employee.
Alternatively, employees also have the option of transferring the vehicle on their own name at a
later date but not beyond a term of 7 years from the date of purchase.
The difference of book value of the vehicle as on the date of the transfer of the vehicle and the
balance principal value paid by the employee will be added as a perquisite to the taxable income of
the employee as per the applicable Income Tax rules.
Employees will have an option to close his vehicle scheme before the stipulated 5 years by paying
the
balance Principal value of the vehicle at that stage.
All vehicles will be covered by a comprehensive motor insurance till a request is received from the
employee for transferring the vehicle in his/her own name along with the applicable payment. The
debits for the same will be as per the following table:
Note:
1. Slab 1 is for two wheelers. Slabs 2 through 12 are for four wheelers.
2. Vehicle cost for the purpose of Insurance would include the basic cost of the vehicle without
registration charges and road tax.
The balance un-utilized amount under Fixed Pay is paid under this salary head as "Special Personal
Allowance" and is subject to tax.
Please note that a declaration has to be made by the employee at the beginning of the financial year
or within 7 days of joining the Company regarding the amounts to be claimed under each expense
mentioned above. All bills / supporting documents are to be provided at the end of the financial year by
15 January.
The Sum insured is Rs.25/- lacs and the corresponding debit towards premium is Rs.443/- p.a.
Benefit Clauses
3.Permanent Partial disablement varies from 1% to 75% of sum insured as per insurance policy.
The Insured amount and corresponding premium [Mandatory debit] are as under:-
BENEFIT CLAUSE
Total sum assured is payable to the employee's nominee upon death of the employee. However,
nothing is payable on survival.
II.Retirals
a) Provident Fund
The Company deducts 12% of the employee's basic salary and makes an equal
contribution, as per PF rules applicable currently. Both of these are remitted on a monthly
basis to the company's PF Trust / RPFC. A part of the company's PF contribution is
deposited to the Employees PF Pension Fund / RPFC, to provide employees with
pension on retirement or after completing a specified period of service.
The employee is allowed to take loans for specific purpose (i.g. marriage of self &
housing) against ones Provident Fund accumulations, as per the provisions of the
Provident Fund Act.
b) Gratuity
All Employees who have completed 5 years of continuous service with the Company are
eligible to get gratuity on separation from the company. However, eligibility for contribution
to the Gratuity Trust / Fund commences from day 1 of employment and in the event of
separation before 5 years, the same will be paid as ex-gratia, except in case of separation
arising out of disciplinary grounds.
Last Drawn Basic Salary / 26 days x 15 days x number of completed years of service.
In the case of death, the minimum service requirement does not apply.
For the purpose of calculating Gratuity, periods of service of 6 months or more will be
considered as equivalent to one year and less than 6 months will not be counted. Income
Tax on Gratuity will be applicable as per Income Tax Rules.
PLI will be payable provided the employee is on the rolls of the Company & not serving
notice period, when the amount is disbursed, notwithstanding any delay on the
announcement of such disbursement.
Note:All tax exemptions, where applicable, will be as per the prevailing tax rules and laws
a. Medical Fitness: Your being declared medically fit by a Medical Officer or by a Doctor specified
by the Company and remaining medically fit.
b. You are under no physical or mental disability that would hinder the performance of your
duties contained herein;
c. You shall not raise any issue of the reasonableness of the terms, covenants, and/or
conditions in any proceeding to enforce these terms, covenants and/or conditions;
d. You have full right and authority to execute this contract and that you are not bound by
any contract or arrangement, including any employment contract, bond or covenant not to
compete, inconsistent herewith
e. You hereby agree and undertake to indemnify the Company, its affiliates and the
directors, officers and employees of each of the foregoing and to hold them harmless from
and against any and all third party claims they face, which give rise to any liabilities,
damages, claims, costs and expenses (including legal expenses), due to any act,
omission, violation or breach of any of your representations, warranties, and covenants;
f. The Company shall indemnify and defend you to the fullest extent permitted by the law
of the State of Company's incorporation and the By-Laws of the Company with respect to
any claims that may be brought against you arising out of any action taken or not taken in
your capacity as an officer or director of the Company; provided, that, the Company shall
not indemnify and defend you with respect to any claims brought against you relating to
intentional or willful acts, or to other acts as to which indemnification is not allowable under
applicable law.
g. These terms, covenants, and/or conditions shall survive the termination of your
employment with the Company; andThe terms, covenants, and conditions set forth herein
are essential for the Company's protection; and the Company has relied on these
representations, warranties, and agreements by you
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b. Non Solicitation: You will not, during the course of your employment or at any time thereafter,
without the prior written consent of the Company, directly or indirectly, solicit for employment, or
employ or otherwise contract for the services of, any person who is employed or engaged (either
as an employee or consultant) by the Company or any of its associated companies or directly or
indirectly induce any such employee to leave his or her employment.
This covenant shall survive the termination of your employment with the Company; and prohibits
you from directly or indirectly inducing an employee with whom you have worked with or been in
association with during your employment with the company.
c. Other Interests: You shall not seek membership of any local or public bodies without first
obtaining written permission from the Management.
d. Controlling Interest: You agree that, so long as you are employed by the Company, you will
not own, directly or indirectly, any controlling or substantial share or other beneficial interest in any
business enterprise which is engaged in, or in competition with, any business engaged in by the
Company. Notwithstanding the foregoing, you may own, directly or indirectly, up to 5% of the
outstanding securities of any business whose securities are traded on any national stock
exchanges or in the over-the-counter market.
e. Work hours: Your working hours at your place of posting shall be as per the rules and
regulations of the Company, specified from time to time. However, you may be required to work
additional hours, as may be required from time to time, to carry out your duties and responsibilities
effectively.
f. Non-disclosure: You shall neither divulge nor give out information to any unauthorized person
during the period of your service or even afterwards by word of mouth or otherwise, particulars or
details of our manufacturing processes, technical know-how, security arrangements, administrative
and/or organizational matters of a confidential/secret nature, which you may know by virtue of your
being the employee of the Company.
g. Confidentiality: You shall keep confidential all the information and material provided to you by
the Company or by its clients concerning their affairs, in order to enable the Company to perform
the service. This also includes such information as is already known to the public which also you
will not release, use or disclose except with the prior written permission of the Company. Your
obligation to keep such information confidential shall remain even on termination of this
employment
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h. Proprietary Rights: You will disclose to us forthwith any discovery, invention, process or
improvement made or discovered by you while in our service, and such discovery, invention,
process or improvement shall belong absolutely to and be the sole and absolute property of the
Company. If and when required to do so by the Company, you shall at the Company's expense,
take out or apply for Letter's Patent, Licenses or other rights, privileges or protection as may be
directed by the Company in respect of any such discovery, invention, process or improvement so
that the benefit thereof shall accrue to us and you will execute and do all instruments, acts, deeds
and things, which may be required by us for assigning, transferring or otherwise vesting the same
and all benefits arising in respect thereof in favor of the Company or in favor of such other person
or persons, firms or companies, as the company may direct as the sole beneficiary thereof.
You will assign (and you hereby do assign) in perpetuity to the Company or its nominee all of your
rights to all such new ideas (including all inventions), and to applications for patent or copyrights in
all countries, if any, and execute such documents and take such lawful action as may be
reasonably required to assign such new ideas to the Company or its nominee.
You will execute and deliver promptly to the Company (without charge to you but at the expense of
the Company) such written instruments and cooperate and do such other acts as the Company in
its sole discretion deems necessary or desirable to assign and transfer title in such new ideas to
the Company and / or its nominee and to assist the Company in preserving the property right in
such new ideas (including against forfeiture, abandonment, or loss) and to vest the entire right and
title and interest therein exclusively in the Company and / or its nominee.
i. Safe-keeping of Company's property: You will be responsible for the safe keeping and return
in good condition and order of all the properties of the company, which may be in your use,
custody, care or charge. For the loss of any property of the company in your possession, the
company will have a right to assess on its own basis and recover the damages of all such materials
from you and to take such other action as it deems proper in the event of your failure to account for
such material or property to its satisfaction.
j. Return of the Company's Property and records: Upon termination of your employment, you
shall forthwith hand over any letter of Authority or Power of Attorney issued to you or any property /
material of the company in your possession at the time of cessation of your employment with the
company. Also, you shall return to the Company, without condition, all documents, files, records,
keys, and other property of the Company in your possession regardless of the media on which
such items are stored, and you shall not retain any copies or duplicates thereof.
k. Authorizations for activities: You will not enter into any commitments or dealings on behalf of
the Company for which you have no express authority nor alter or be a party to any alteration of
any principle or policy of the Company or exceed the authority or discretion vested in you without
the previous sanction of the Company or those in authority over you.
You will avoid any issue which may result in a conflict between your personal interests and the
interests of the Company in dealing with suppliers, customers and all other organizations or
individuals doing or seeking to do business with the Company.
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l. Non-disparagement: You agree that you shall act with the highest standards of propriety and
professionalism and shall not criticize, ridicule or make any statement which disparages or is
derogatory of the Company, any of its Group companies or any other employee or business
associate of the Company or the Group Company in any public or nonpublic communication with
any customer, client or member of the investment community or media or in any communication.
m. Confidential nature of terms of employment: You agree that, except as may be required by
applicable law you shall not disclose the terms of employment to any person other than your close
family members.
n. Enforceability: You acknowledge and agree that any violation of any of your duties and
responsibilities may result in irreparable damage to the Company, and, accordingly, the Company
may obtain injunctive and other equitable relief for any breach or threatened breach of such duties
and obligations, in addition to any other remedies available to the Company.
You and the Company agree that the restrictions and remedies contained hereinabove are
reasonable and that it is your intention and the intention of the Company that such restrictions and
remedies shall be enforceable to the fullest extent permissible by law. If it shall be found by a court
of competent jurisdiction that any such restriction or remedy is unenforceable but would be
enforceable if some part thereof were deleted or the period or area of application reduced, then
b. Superannuation: You will automatically retire from the service of the company on attaining the
age of 58 years.
c. Absenteeism: If you absent yourself without leave or remain absent beyond the period of leave
originally granted or subsequently extended, you shall be considered as having voluntarily
terminated your employment without giving any notice unless you:
1. Return to work within 8 days from the commencement of such absence, and
2. Give an explanation to the satisfaction of the Management regarding such absence
d. Medical Fitness: The Management has the right to get you medically examined by any certified
medical practitioner during the period of your service. In case you are found medically unfit to
continue with the job, you may be terminated from employment.
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e. Notice Period:Notwithstanding anything contained herein, the Company, in its sole discretion,
may terminate your employment without cause by giving three months' notice in writing or payment
of pro rata three months' Basic Salary, in lieu thereof. Likewise, you may resign from employment
without cause by giving three months' notice in writing or by payment of pro rata three months'
Basic Salary, in lieu thereof. In the event of your resignation, the Company in its sole discretion will
have an option to accept the same and relieve you prior to the completion of the stipulated notice
period of 3 months, without any pay in lieu of the notice period.
f. Termination for Misconduct: Your services are liable to be terminated without any notice or
salary in lieu thereof for misconduct, without being exhaustive and without prejudice to the general
meaning of the term "misconduct" in the case of reasonable suspicion of misconduct, disloyalty,
and commission of an act involving moral turpitude, any action of indiscipline or inefficiency.
g. Non-compete: In the event of your separation from the Company for any reason whatsoever,
you will not take up any job or assignment either full time or other wise, either directly or indirectly,
for a period of three months from the date of separation in any industry or business involved in
similar/competing business of Reliance or any of its Group Companies.
05. GENERAL:
a. Training: You may be selected and sponsored by the Company for familiarization/ training
assignments with our technical collaborators or any other institutions/ organizations in India and/or
abroad, based on stipulated terms and conditions. You will diligently and beneficially take part in
the training and such assignments in accordance with company policies and directives.
b. Rules Regulations and Policy on Ethics: You will be covered by the service rules and
regulations including conduct, discipline and administrative orders and any such other rules or
orders of the company that may come in force from time to time. You must observe the policies
that the Company publishes from time to time. These include a requirement that you maintain the
highest standards of conduct and act with the highest ethical principles.
i. You must not do anything that may be a conflict of interest with your responsibilities as
an employee. These expectations are included in the "Employee Manual", all of which are
available for your review in the Employee Self Service ("ESS") portal. It is your
responsibility to read and understand these policies and expectations. If you have any
questions, now or in the future, please ask the Human Resources Department through the
Query Management System in the ESS portal. You may also be required to sign and abide
by the Policy on Ethics of the Company and shall undertake to sign such declarations that
the Policy may demand from time to time.
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c. Media Interaction: You will not interact with the media - electronic, print or otherwise in
i. India or overseas, during or outside work hours, either in your own personal capacity
or on behalf of the company unless you have express and direct approval from the
Management to interact with the media as the representative of the Company. Only
persons duly authorized by the Management are allowed to interact with media on
specified subjects. Disclosure of any information other than statutory disclosures or
those specifically authorized by the Management is prohibited.
ii. Disclosure of information on proceedings of meetings (board / committee / internal)
and disclosure of forward-looking statements is prohibited unless such disclosure is
specifically approved by the Management. These will need to be combined with
cautionary statements, wherever required.
iii. You shall also not disclose non public information selectively to any particular group
as it may lead to unfair advantage / discrimination.
iv. For any outside publication of books, articles or manuscripts which relate specifically
to the Company's business, policies and processes, you should take the approval of the
Management prior to its release.
v. Any violation of the company's media policy, tantamount to a breach of the terms and
conditions of employment and may result in termination of the contract.
d. Dispute Jurisdiction:It is hereby expressly agreed and declared that this letter of
employment shall be deemed to have been made at Mumbai and that any dispute or suit or
action or proceedings whatsoever arising out of or under this letter of appointment or breach
thereof or in respect of any matter or thing herein contained and any claim by either party against
the other shall be instituted or adjudicated upon or decided by a court of competent jurisdiction at
Mumbai.Arbitration Clause in event of breach of the terms of this contract or any dispute
connected therewith.
e. Entire Agreement:This contract and the document referred to herein contain the entire
agreement and understanding of the parties with respect to the subject matter hereof and shall
supersede any and all prior or contemporaneous communications, representations, or
agreements between the parties, whether oral or written, regarding the subject matter of this
contract.
f. Age:Your age mentioned in the Matriculation / Higher Secondary Certificate / Passport will be
deemed to be the conclusive proof of your date of birth.
g. Change of address:You will intimate in writing to the Management any change of address
within a week from change of the same, failing which any communication sent on your last
recorded address shall be deemed to have been served on you.
h. Passport:You are required to have a valid passport at all times and ensure that the same is
renewed from time to time.
i. Suspension:You may be placed under suspension pending enquiry into the charges of
misconduct or otherwise. The salary for the suspension period will be paid to you only when you
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j. Travel:You shall make your own transport arrangements to and fro from the place of work.
ii) Three copies of your recent passport size photographs with blue background.
iii) Relieving letter & salary certificate from your last employer in case you are/were
employed.
In case of one / more clauses of this letter of employment becomes untenable, the same shall not render
the letter of employment null and void in its entirety.
The various clauses of this letter are to be read, understood, and interpreted in its entirety, and none of
the clauses are severable from the remaining.
I confirm that this contract is in accordance with our mutual understanding and unconditionally and
irrevocably accept the above terms and conditions.
Signature
Date:
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