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Hrushan Is Koja

Mr. Hemanth B has received an offer letter for a full-time Sales Executive position at India Realty with an annual salary of INR 264,000, effective from 12-02-2025. The offer is contingent upon the submission of required documents and successful verification, and includes a probationary period of three months. The employment agreement outlines various terms regarding performance, compensation, obligations, and conditions for termination.

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0% found this document useful (0 votes)
81 views10 pages

Hrushan Is Koja

Mr. Hemanth B has received an offer letter for a full-time Sales Executive position at India Realty with an annual salary of INR 264,000, effective from 12-02-2025. The offer is contingent upon the submission of required documents and successful verification, and includes a probationary period of three months. The employment agreement outlines various terms regarding performance, compensation, obligations, and conditions for termination.

Uploaded by

hemanthbwork
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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OFFER LETTER

Date: 12-02-2025

To

Mr. Hemanth B

Address: Govindappa Building, Katteramma Temple Road, Hanuman


Temple, Thani Sandra,

Bangalore North, Karnataka-560077

We are pleased to have you join our team as with a full-time position as a Sales Executive
at India Realty (999 Technology Ventures Private Limited) (Company) on a mutually agreed
annual compensation of INR 264000/ annuum.

Your base location shall be at our _Bengaluru _ (Bengaluru North / East, Pune, Noida,
Gurugram) office – with the office address PVR Tower, MCESH Layout, Dr. Shivaramakaranath
Nagar Jakkur, Bangalore, Karnataka-560064. During the term of your Employment the
Company may change your above mentioned post (or position) or location based on the
Company's plans, operation or working requirements or according to the your working capacities
and performance, including but not limited to adjustments made to the your job description or
work place, promotion, work transfer at the same level, and demotion, etc., or adjustments made
to the your responsibilities without any change to your post (or position).

The validity of this offer is subject to your joining us on 12-02-2025.

Please share a signed copy of this document within 24 hours of receiving this offer. Failure to
send this back within the stipulated time shall make this offer redundant automatically.

For the furtherance of your joining formalities, request you to share the following documents with
us at the earliest.

1. Latest Resume
2. KYC (Aadhar & PAN Card
3. Highest Qualification Certificate
4. Offer Letter & Relieving Letter from Previous Organisation
5. Bank A/C Details & Cancelled Cheque
6. Payslips for the last 3 months
7. Passport Size Photographs (x2)
It is essential that you share these documents with us before your joining date so we can have
our pre-onboarding processes completed for a seamless onboarding experience.

This offer and employment are subject to successful verification of your documents and
employment records at any time before and after your joining.

Please Note: India Realty reserves the right to withdraw this offer letter in case you fail to meet
the above criteria.

We look forward to having you as part of our team!

For 999 Technology Ventures Private Limited (India Realty)

___________________

HR DEPARTMENT
Employment Agreement

This Employment Agreement (“Agreement”) is executed in Bangalore on the “Effective Date” by


and amongst: 999 Technology Ventures Private Limited, a company incorporated under the
Companies Act, 1956 and validly existing under the Companies Act, 1956 and having its
registered office at House. No. 460, Sector-30, Faridabad, HR 121003 (hereinafter referred to as
the “Company”)

AND

The Person to whom the above offer letter has been addressed to (hereinafter referred to as the
“Employee” or “You / Your”).

1. Probation
a. It is understood and agreed that the first 3 Months of employment shall constitute a
probationary period (“Probationary Period”).
b. During this period your performance will be under review and based on your performance, a
decision will be made concerning continuing your services under this Agreement for the
aforesaid position.
c. During this period the Company may, in its absolute discretion, terminate the Employee's
employment, without assigning any reasons and without notice or cause - if your work is
found unsatisfactory or there is any negligence, misconduct, or unauthorized absenteeism on
your part or non-performance. However, you would be liable to give one month’s notice
before terminating this Agreement during the Probation Period
d. Upon confirmation under Clause 1(A) above, you will become a permanent employee of the
Company and continue to be subject to its discipline, instructions, guidelines, and rules as
prescribed by the Company from time to time.

2. Performance of Duties

You agree that during the Employment Period, you shall devote your full business time to the
business affairs of the Company and shall perform the duties assigned to you faithfully and
efficiently, and shall endeavour, to the best of your abilities to achieve the goals and adhere to the
parameters set by the Company.

3. Compensation

Subject to the following provisions of this Agreement, during the Employment Period, you shall be
compensated for your services rendered to the Company on the following terms, as fully
described in the Compensation Schedule attached herewith, which may be revised by the
Company from time to time;

a. Your compensation shall be subject to statutory deductions including Tax Deduction at


Source (TDS) as may be applicable under the prevailing laws;

b. During the term of this Agreement, your salary shall be paid by means of bank transfer,
cheque, or any other method convenient to the Company, and consented to by the Employee

c. All reasonable expenses incurred by you which relates to discharge of duties of the
Company shall be reimbursed on actual basis provided the same have been authorized prior
to being incurred and with the provision of appropriate receipts.

d. Base Compensation : Salary Compensation structure shall be shared with you once your
joining formalities are completed and your various tax & investment declarations have been
shared in a satisfactory manner.

e. Performance Incentives : In the course of your employment, you may be eligible for a
variable component in the form of incentives made to you in consideration of the successful
closure of a transaction involving purchase, and sale of a property. In such an event, the
incentive would be paid to you only if you are an existing employee at the time of
disbursement and at the time when the success fee of the said unit has been received from
the developer/client.

f. Performance Improvement Plan (PiP) & Performance Pay:


i. The Company has performance benchmarks for the employees; you will be informed and
communicated on your sales targets and performance benchmarks at the time of joining.
ii. In case you are unable to achieve these targets and performance benchmarks, the
management reserves the right to activate the “Performance Improvement Plan” (PIP) for
a specified time frame to help improve your performance. During this time frame, there will
be regular reviews to assess improvement in your performance. You will get extra external
support from your manager to deliver the expected performance benchmarks.
iii. During the course of the PiP, the company may withhold a portion of your salary. This
withheld amount may be returned to you at the end of the PiP term.
iv. You will have the right to accept and decline the PiP, in case of decline, your services will
be terminated with immediate effect on account of non-performance and you will be
relieved from services without any notice or notice pay in lieu. In case you choose to leave
the organization voluntarily, the organization will not be under any obligation to pay you
any notice pay.

4. Obligations of the Employee


a. The Company has adopted Code of Conduct and ethics applicable to its employees including
policies regarding prevention of sexual harassment of women at work place, prevention of
money laundering, not to engage in any corrupt practices, avoiding conflict of interest
situations, and other similar matters. We expect that you will abide by the same in
performance of your duties of the Company during your Term of Employment with the
Company (“Term”).
b. You shall ensure that your conduct would be in accordance with all the rules, regulations and
policies of the Company as notified from time to time and the applicable laws of the land
which may govern official discharge of your duties and responsibilities.
c. You shall not take up part-time or full-time employment or consultation with any other party or
be involved directly or indirectly in any other business during the Term except that usual
investment activities related to your funds will not tantamount to business activity.
d. You shall not engage in any sort of theft, fraud, misrepresentation or any other illegal act
neither in the employment space nor outside the premise of employment.

5. Voluntary & Involuntary Separation


a. Your services under this arrangement, after the Probation Period, will be terminated:
i. If either The Company or the Employee gives the other party a written notice of
termination, for 1 (one) month, in advance, in the manner prescribed herein; or
ii. By the Company by giving a notice of immediate termination without cause with payment
of remuneration in lieu of notice; or
iii. In the event you make yourself absent from your duties without prior permission and
authorization (including when you overstay the period of your sanctioned leave) for a
continuous period of Five (5) days or more and do not return within this period and show
sufficient cause for your absence to the satisfaction of the management; the Company
may make commercially reasonable efforts to try and trace your whereabouts including
contacting your family members, checking at last known address or other references as
may be provided by you. In case the Company remains unsuccessful in establishing
contact with you then the Company will be at liberty to take such action; you will be
deemed to have lost lien on your employment which will amount to abandonment of your
services on your own accord;
iv. The Company may terminate the Employee by giving written notice with immediate effect
for a Cause. For the purposes of this Agreement, "Cause" means and includes
1. the Employee's gross misconduct resulting in material damage to the Company, wilful
insubordination or disobedience, theft, fraud or dishonesty, wilful damage or loss of
Employer’s property, bribery and habitual lateness or absence, or any other wilful and
material breach of this Agreement or any term of the Company’s Code of Conduct and
Ethics;
2. In the event of termination either for cause or otherwise the Employee shall be liable to
return forthwith the properties of the Company including laptop, mobile, sim card,
documents, stationary, papers, information as may be in his/her possession at such
time.
3. By the Company forthwith and with immediate effect, without any notice or salary in lieu
of notice or any other benefits that might have accrued to you, if you shall be guilty of:
material breach of this Agreement, any gross default or misconduct on behalf of non-
observance of any of the stipulations herein set forth; corrupt practices; violating any
intellectual property rights; disclosing of the confidential information of the Company;
harassing Company’s employees, vendors or customers; undergoing trial,
imprisonment or are convicted of a criminal offence; violating any of the non-disclosure,
non-compete obligation and non-solicitation obligations; engage in insubordination;
moral turpitude; conflict of interest;

v. When any information or documents or particulars as given by you, in the application


submitted by you for the appointment or otherwise is found to be false or incorrect at any
stage
vi. Upon retirement from the service of the establishment/Company after attaining the age of
60 years, unless the management, in its sole discretion, permits you to continue
thereafter. For this purpose, your date of birth will be the same as provided by you in the
Date of Birth proof submitted at the time of joining.
vii. In the event of your death or insanity or if you become medically unfit (as per the opinion
of the management) during the term of your employment

b. Upon termination of your employment, you shall forthwith:


i. Provide details of your future employer (if you have received and accepted any such offer
letter) and disclose any possibility of conflict of interest.
ii. Sign all documents and perform all such acts as may be required by the Company to
assign and transfer to the Company any asset, property or other rights in your position or
under your control belonging to the Company.
iii. Deliver or assign to the Company, any property/assets/data/leads, moveable or
immovable, provided to you by the Company during your employment with us, it is
specifically agreed by you that all of these will be promptly returned/deposited with the
Company prior to full & final settlement of your accounts. In the event, you refuse to return
such property/assets of the company, for any reason whatsoever, it will be treated as
misconduct and a violation of the terms of your employment and all benefits to you such
as gratuity, bonus, leave encashment, salary dues etc. will be forfeited. Further, without
prejudice to the legal rights of the Company to recover such property/assets, you shall
also be liable for payment of such damages as assessed by the Company for the
unauthorized use/occupation of such property/assets
iv. If termination occurs before the completion of your duties, co-operate fully with the
Company to ensure smooth and complete transitions to another Company advisor,
employee, or associate as directed in writing by the Company.

c. Upon termination of your employment per the terms of the Agreement, the Company shall
forthwith pay you all arrears of your remuneration up to and including the intended
termination date after necessary deductions and adjustment, which, you shall accept in full
discharge of all claims whatsoever. After separation, you will not be entitled to any incentive,
bonuses, or sales-related scheme. To claim such benefits, you should be a bona fide
employee of the company at the time of disbursement of incentives and bonuses
d. When leaving the job, you are not allowed to take any data, data backup, information,
client’s/fabricator’s/vendor’s phone numbers/addresses/emails/ agreements, etc. Being a real
estate broking organization, the company spends a hefty amount on lead generation for you,
at the time of leaving the organization you must officially handover every single
lead/customer contact to your manager/reliever and it is mandatory to get the
acknowledgment from the manager/reliever. If you don’t hand over the customer data and do
not formally introduce each of your customers to your successor/reliever, it will be treated as
data theft and the company reserves the right to file damages equal to the cost of customer
acquisition and business loss due to such event. If you fail to follow the guidelines it will
constitute to Criminal Breach of Trust and be deemed a Criminal Conspiracy against the
Company and we shall initiate appropriate legal proceedings including Civil and Criminal
proceedings against you, which needless to say shall be at your own cost and peril.

e. You agree that in the event of your leaving the Company and you are not completing the
agreed notice period for any reason whatsoever, you shall be liable to pay to the Company
compensation/damages and/or reimburse all costs and expenses incurred in or connected
with your employment as calculated and described in the following manner:
i. One [1] month’s salary in lieu of not serving the notice period
ii. Any amount company spent on generating exclusive leads for you or business loss
iii. Any amounts spent by the Company towards reimbursement of committed training costs
and expenses incurred by the Company on your training
iv. Loss incurred by the company due to unethical practice
v. Any damage or loss of company assets
vi. Any joining bonus, relocation expenses incurred by Company
vii. Any overcharged communication/telephone bills
viii. Visa and flight costs incurred by the company
ix. Any amounts spent by the Company towards the cost of recruitment.
x. Any loss that the Company would have to reasonably incur due to your resignation would
include the cost of re-recruitment, advertising, travel, loss of business, and loss of man
hours, etc

f. In case you do not serve the required notice period (unless waived off by your reporting
manager), you will not be entitled to:
i. Pending salary, profit share, incentive, reimbursements, business expense, variable salary
& claims of travel and mobile; and
ii. Relieving letter; and
iii. Full and final settlement letter; and
iv. No dues certificate; and

g. In case of termination of this Agreement with or without cause, if you were holding any
commercial information including confirmed leads or allotments or booking you must provide
all relevant documents or shares all information related to the same with your immediate
supervisor, failing which on demand you would be liable to pay to the Company the liquidated
damages equivalent to 5% of the property underlying such lead, or allotment or booking

6. No Poaching

Following the termination of employment under this Agreement, with or without cause, or the
voluntary withdrawal by you from the Company, you shall, for a period of two (2) years following
the said termination or voluntary withdrawal, refrain from either directly or indirectly soliciting or
attempting to solicit the business of any client or customer of the Company for your own benefit
or that of any third person or organization, and shall refrain from either directly or indirectly
attempting to obtain the withdrawal from the employment by the Company of any other Employee
of the Employer having regard to the same geographic and temporal restrictions.

7. Severability

Each paragraph of this agreement shall be and remain separate from and independent of and
severable from all and any other paragraphs herein except where otherwise indicated by the
context of the agreement. The decision or declaration that one or more of the paragraphs are null
and void shall have no effect on the remaining paragraphs of this agreement.

8. Non Assignment

The interests of the Employee under this Agreement are not subject to the claims of
his creditors and may not be voluntarily or involuntarily assigned, alienated or
encumbered.

9. Successors

This agreement shall be assigned by the Company to any successor employer and be
binding upon the successor employer. The Employer shall ensure that the successor
employer shall continue the provisions of this agreement as if it were the original
party of the first part.

10. Paragraph headings

The titles to the paragraphs of this Agreement are solely for the convenience of the parties and
shall not be used to explain, modify, simplify, or aid in the interpretation of the provisions of this
Agreement.

I have read understood, and agree to all of the above and hereby accept the offer of employment
on the above terms and conditions. I understand that my employment is contingent upon the
execution of the Non-competition, Confidentiality and Non-Solicitation Agreement and the
Agreement to Review and Comply with the company’s Human Resources Policies. I hereby
authorise the company and any vendor assigned by the company to verify and background check
the disclosures submitted by me.

Permanent Address: 311/1


govindappa building,
katteramma temple road,
hanuman temple, thanisandra,
Bengaluru - 560077
Signature:

Employee Name: Hemanth B Permanent Address: 311/1


govindappa building,
katteramma temple road,
hanuman temple, thanisandra,
Bengaluru - 560077

Date : 12/02/2025

Authorised Representative of the Company

Name:

Date:

Signature:

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