(date)
[ Name Of Employee]
Pune
Sub: Offer of Employment
Dear [Name Of Employee],
Thank you for investing your time to pursue an opportunity with [Name of Company].
We are delighted in offering you an employment opportunity as [position e.g.
“Software Engineer”] with [Company Name – e.g. XYZ Pvt. Ltd.].
Following are the terms and conditions connected with your employment:
1. Compensation & Benefits:
You will receive a total compensation package of [Amount – e.g. Rs. 265,000/-] per
annum. The breakup of the compensation and benefits applicable to you is as per
annexure 1. You are expected to treat this information and any changes made therein
from time to time as personal and confidential. Apart from this you and your family will
be entitled to a comprehensive health insurance and a personal accident insurance
coverage under the group insurance medical and insurance benefit plan of the company
from time to time.
2. Notice period:
The notice period applicable to you would be 30 days.
You may quit the services of the Company at any time with due notice or in lieu of
salary thereof, just as the company may conclude its employment relationship with you
at any time without assigning any reasons with due notice or salary in lieu thereof. The
Company reserves the right to pay or recover salary in lieu of notice period and to
relieve you before the expiry of the notice period.
3. Separation:
On separation, (by retirement, resignation or otherwise), you are required to
immediately hand over to the Company before you are relieved, all correspondence,
specifications, formulae, books, documents, or records, etc., belonging to the Company
or relating to its business and shall not make or retain any copies of these items. You
will also return to the Company all the assets given to you for official and / or personal
use as per the various policies / schemes applicable to you as a part of your
Compensation & Benefits. This would not apply to those assets or items, which you
may need to buy under any of the schemes introduced by the company and availed by
you.
4. Retirement:
You will retire in the normal course from the services of the Company on attaining the
age of superannuation, which is at the end of the month following your 58 th birthday.
5. Employment Conditions:
Your services will be governed by general service conditions as given below:
a) Working Hours: Terms and conditions related to working hours, leave etc.,
applicable for all company employees is attached separately.
b) Full Time work: Your position is a whole time employment and you shall
devote yourself exclusively to the business of the Company. You will not take
up any other work part-time or otherwise or work on advisory capacity or be
interested directly or indirectly in any other trade or business without the
prior consent in writing from the Company during your employment with the
Company. The Company reserves the right to alter or allocate different
responsibilities to you from time to time depending on the business needs of
the Company.
c) Code of Conduct: You are expected to operate with the highest degree of
initiative, economy, efficiency and responsibility. You will at all times act
bearing in mind the best interests of the company and will at no time, do or
say anything which compromises the company’s goals or reputation.
The Company’s standards of conduct and value system will be explained to
you. These should be complied with at all times. If at any time you are
found violating these standards of conduct or value systems, termination of
services may be given without notice.
Further, if at any time it is found that you have made any false statement or
produced false documents, your services are liable to be terminated without
notice.
d) Transfer: You may also be transferred temporarily or permanently to any of
divisions, subsidiary or associate companies or client owned Global
Operations centers or Client Transferred Global Operations centre within or
outside India (Whether now existing or still to be formed). In such case, you
will be governed by the terms and conditions of service as applicable to the
new assignment.
e) Salary Review: Your salary will be reviewed as per the policy of the
Company from time to time. The Company believes in rewarding
performance and hence increments will be rewarded on merit in accordance
with the Company’s policy in practice.
f) Responsibilities: You are expected to perform effectively to ensure
achievement of required results and you will be required to work under the
supervision of such officers as directed by the Company from time to time.
6. Non disclosure Agreement: “Company” for all purposes shall mean
[Company Name e.g. XYZ Pvt. Ltd.]
a) You shall not at any time, disclose to anyone any information, know-how,
knowledge, secrets, methods, plans, drawings, designs, etc. of the company.
Also, you shall not take any technical documents or information or copies
thereof belonging to the company outside the office unless specific entrusted
to you in writing.
b) You will not undertake business of similar nature with any other company
during the period of your employment with this company.
c) If, during the course of your employment with the Company, you are
provided with any Company assets, you shall maintain the same in good
working condition and you shall return the items to this Company prior to
your ceasing to be in the employment of the Company. Any dues to be paid
to you on your ceasing to be in the employment is liable to be withheld by
the Company if the said items so provided by the Company are not returned
to the Company, apart from the Company’s right to proceed against you as
per the provisions of law.
d) You shall surrender all the records, correspondence and such of the papers
connected with the business in the eventuality of your ceasing to be in the
employment of this Company.
e) During your employment with the Company, you shall be subject to, and
have to abide by, the rules and regulations stipulated by the Company. The
Company may, at its discretion, modify, from time to time, the rules and
regulations, as it deems fit, without notice.
7. Pre-condition for Employment:
The terms and conditions laid out are pre-conditional for employment. This offer is
subject to your successful completion of a medical test by a medical practitioner
appointed by the company. The offer is valid only after you sign the Non-Compete and
Inventions agreements at the time of issuing the offer. A copy of the agreements can
be made available to you for review.
8. You are required to submit to us the following at the time of your joining:
Photocopies of your educational qualifications
4 Passport size photographs
Relieving letter from previous employer, if applicable
Recent salary statement, if applicable
Proof of age
PF account details, if applicable
Income Tax deduction certificate of previous employer
PAN card Xerox
Passport Xerox
We are excited to have you board with us quickly and welcome you to the [Company
Name] family.
Kindly confirm your acceptance of the above conditions by signing and returning the
duplicate copy of this letter.
for [Company Name e.g. XYZ Pvt. Ltd. ].
Authorized Signatory
Enclosures:-
1. Compensation & Benefit break-up details.
2. Employee Service Conditions
3. Confidential Information and Invention Assignment Agreement
4. Personal Data Form
_______________________________________________________
I have read, understood and accepted the above. I understand that the terms and
conditions are pre-conditions to my being offered employment with the company. I am
under no obligation or duress to accept these terms and conditions of employment. I
accept them of my own free choice and will.
Signature:
Name:
Date:
Expected date of joining:
[Salary Structure]