CONFIDENTIALITY CLAUSE
The information contained in this proposal is confidential and is intended solely for the use of DBS
and its employees. The data furnished in connection with this proposal shall not be disclosed outside of
Staubli India Pvt Ltd and shall not be duplicated, used or disclosed in whole or in part for any purpose other
than to evaluate this proposal; provided that if a contract is awarded in connection with the submission of this
data will have the right to use or disclose the data to the extent provided in the contract.
Subject:India Letter of Acceptance
From: DBS Careers
Date: AUG 16, 2021
PRIVATE AND CONFIDENTIAL
AUG 16, 2021
ROHAN KUMAR DALAI
HNo –Kabisurya street Taluka Berhampur ,Ganjam District ,Odisha
Dear Rohan,
Re: Job Offer
On behalf of ‘DBS’, I am pleased to extend to you this offer of permanent employment as
an System Engineer. If you accept this offer, you will begin your work with the Company
on October 9 2021 and will be expected to work five days per week.
You will be paid per hour, less all applicable taxes and withholdings, payable. As an
employee you will be receive “permanent employment” status. As a permanent
employee, you will be receive all of the employee benefits that regular Company
employees receive, including, health insurance, vacation or sick pay, paid holidays, or
participation in the Company’s 401(k) plan.
During your employment, you may have access to trade secrets and confidential
business information belonging to the Company. By accepting this offer of employment,
you acknowledge that you must keep all of this information strictly confidential, and
refrain from using it for your own purposes or from disclosing it to anyone outside the
Company. In addition, you agree that, upon conclusion of your employment, you will
immediately return to the Company all of its property, equipment, and documents,
including electronically stored information.
By accepting this offer, you agree that throughout your employmentship, you will observe
all policies and practices governing the conduct of our business and employees, including
our policies prohibiting discrimination and harassment. This letter sets forth the complete
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offer we are extending to you, and supersedes and replaces any prior inconsistent
statements or discussions. It may be changed only by a subsequent written agreement.
I hope that your association with the Company will be successful and rewarding. Please
indicate your acceptance of this offer by signing below and returning it to. If you have any
questions, please contact do not hesitate to contact me.
Very truly yours,
Nandita gurjar
Group head – Human Resource Development
I accept employment with the Company on the terms and conditions set out in this lette
Printed Name :Rohan kumar dalai Signature :
Date :Augest 16 2021
Position
Your appointment will be JNROFFCR, Specialist, Application Developer (BR0006), with
the corporate rank of Senior Officer in Technology and Operations of Company at
India>Telangana>Hyderabad. Your role and responsibilities may from time to time extend
to cover other entities within the DBS Group (“Group”) which may be situated at any
location where the Company has or may in future commence operation. As we continue
to make our mark in Asia, we look forward to having you on board to seize the
opportunities offered by a growing Asia.
TOTAL COMPENSATION
You will receive a total compensation comprising an Annual Guaranteed Cash (Basic
Salary and Other Allowances), Variable Bonus and Benefits.
(a) Your commencing Annual Guaranteed Cash (Basic Salary and Other Allowances)
is Rs. 948,040 - only.
Refer “Annexure A” for detailed breakup of your Annual Guaranteed Cash
.
(b) Variable Bonus
You will be eligible for a Variable Bonus provided you are not serving your notice
period consequent to your resignation/termination of your employment by the
Company as on the payment date. The amount will be determined by the Company at
its sole discretion taking into account your performance, the performance of the
Company and the operating unit you are deputed to, as well as other factors that may
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be determined by the Company. The Company’s decision in this regard will be final
and binding and shall not be called in question.
The Variable Bonus may include:-
(i) cash; and/or
(ii) long-term incentives
(iii) quarterly performance bonus for sales staff (Where Applicable instead of
Variable Bonus)
Provided that such performance bonus shall be dependent upon your performance.
Benefits
You will enjoy a host of benefits which covers various types of leave including annual
leave, medical leave and insurance. Details of these key benefits are set out in Appendix
I enclosed. All schemes on staff benefits, allowances, bonuses and incentives are
granted at the Company’s sole discretion. The Company may review and modify these
schemes from time to time and this may result in changes in or withdrawal of the
schemes, upon notification by the Company.
Probation
Your probationary service period is 6 months starting from (and including) the date on
which you commence your employment with the Company. Confirmation of your
appointment is subject to satisfactory work performance and conduct during the
probationary service period. Unless you are notified otherwise, your appointment will be
confirmed automatically.
Resignation and Notice Period
On confirmation of your appointment with the Company, you will continue to be employed
by us until either you or we terminate your employment by giving notice period as
applicable enumerated in the table below, however, it will be at Company’s discretion. We
may, in lieu of notice, also terminate your employment by paying you (Subject to
paragraph 12 (d) & 12 (g) in appendix 2) or such proportionate amount according to any
unexpected portion of such notice.
The notice period for termination of your employment with the Company is dependent on
your corporate rank as follows:
Notice Period
Corporate Rank
During Probation After Probation
All DAH2 Staff 1 month 2 months
Contract Staff 1 month
Provident Fund
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PF contributions will be made by yourself and the Company in accordance with the
prevailing regulations.
Income Tax
You will be responsible for the full amount of personal income tax due and payable as a
result of your employment with the Company. Taxation will be governed under the
(Indian) Income Tax Act, 1961 and the rules and regulations made there under. The
Company will deduct the tax at source as per applicable rates of income tax.
GST
During the course of your employment (including the time upto termination of such
employment), if DBS determines that any supply (whether of goods/services or
otherwise)/facility/convenience/ forbearance made/provided to the you attracts GST then
DBS will be entitled to recover such GST from you. Further, DBS shall have final authority
on all matters with respect to such recovery of GST including but not limited to
applicability, rate, manner of recovery, etc.
PRE-CONDITIONS
This offer of employment is subject to the following:
I. Satisfactory verification of all information submitted in your job application to
the Company
II. IYour character antecedents/references are satisfactory in all respects;
III. Receipt of a clear discharge certificate from your present employer prior to
commencement of work; I
IV. You are medically fit and able to effectively undertake your duties;
V. You have disclosed information regarding relative and friend employees
working with the Company;
VI. Receipt of acceptable employment references by the Company. Approval by
MAS/RBI or any other relevant regulatory body for you to carry out the duties
envisaged by the role offered to you, where applicable;
VII. The solicitation and sale of certain products to customers is regulated by
regulatory agencies like Securities and Exchanges Board of India (SEBI),
Insurance Regulatory Authority of India (IRDA) and any other regulatory
agencies. In certain cases, solicitation and sale of these products can only be
done by professionals, who have acquired the necessary qualifications and/or
licenses as mandated by SEBI, IRDA or any other regulatory agency. You are
prohibited from soliciting and selling any such product without acquiring the
necessary qualifications/licenses and submitting documentary evidence
thereof to your immediate supervisor. You are required to keep renewing these
qualifications/licenses as mandated by the regulatory agencies;
VIII. The solicitation and sale of any such products without required
qualifications/licenses will be considered as a violation of terms and conditions
of the Employment and Code of Conduct and will invite appropriate disciplinary
action; and
IX. An employment pass approved by the relevant authority, where applicable.
In the event that any of the conditions above is not fulfilled before you commence
work with the Company, the Company reserves the right to rescind this Letter of
Appointment, and you agree and accept that you shall have no claim whatsoever
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against the Company. If you have commenced your employment with the Company,
the Company reserves the right to terminate your employment with immediate effect,
without any obligation to make to you any payment in-lieu of notice, should (a) any of
the above results be unsatisfactory, (b) any of the conditions above remain unfulfilled,
or (c) any information given by you (including information given in the submitted
forms) is untrue or inaccurate.
The solicitation and sale of certain products to customers is regulated by regulatory
agencies like Securities and Exchanges Board of India (SEBI), Insurance Regulatory
Authority of India (IRDA) and any other regulatory agencies. In certain cases,
solicitation and sale of these products can only be done by professionals, who have
acquired the necessary qualifications and/or licenses as mandated by SEBI, IRDA or
any other regulatory agency.
You are prohibited from soliciting and selling any such product without acquiring the
necessary qualifications/licenses and submitting documentary evidence thereof to
your immediate supervisor. You are required to keep renewing these
qualifications/licenses as mandated by the regulatory agencies.
The solicitation and sale of any such products without required qualifications/licenses
will be considered as a violation of terms and conditions of the Employment and Code
of Conduct and will invite appropriate disciplinary action.
An employment pass approved by the relevant authority, where applicable.
In the event that any of the conditions above is not fulfilled before you commence
work, the Company reserves the right to rescind its offer of employment and you shall
have no claim whatsoever against the Company. If you have commenced work, the
Company also reserves the right to terminate your services having regard to the
provisions of notice period contained in Appendix II, without payment in-lieu of notice,
should (a) any of the above results be unsatisfactory, (b) any of the conditions above
remain unfulfilled, or (c) any information given by you (including information given in
the Health Declaration Form) is untrue or inaccurate (d) information given by you in
the Health Declaration Form and the documents, leads the Company to believe that
you are unfit to assume employment with the Company.
General Terms
You are subject to the general terms in the appendices that form part of this Letter of
Appointment which serves as your employment contract with the Company. Except
for statutory entitlements, all schemes on staff benefits, allowances, bonuses and
incentives are granted at the Company’ discretion and may be reviewed and
amended, modified, supplemented and / or replaced from time to time. Such
amendments, modifications, supplements and / or replacements, shall take effect
upon notification by the Company.
Other
Your retirement age will be 60 (sixty) years for DBS Asia Hub 2 Private Ltd. [The
Company may at its sole discretion offer you a contractual appointment after your
superannuation at the age of 60 (sixty), depending upon the Company’s requirements
and subject to your suitability, experience, good health etc.]
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Your salary is confidential to you and is not to be disclosed to anyone. Other than
yourself, it is known only to authorized staff who are required to maintain strict
confidentiality. Any contravention will result in disciplinary action.
The Company has a policy against sexual harassment and is committed to providing
an environment free from sexual harassment at the work place.
ANNEXURE – A
Please find detailed breakup of your Annual Guaranteed Cash (Basic Salary and
Other Allowances)
ANNEXURE - A Table
ANNUAL GUARANTEED CASH BREAK-UP Per Annum Amount (INR)
Basic Pay 541,216
House Rent Allowance 133,608
Conveyance Allowance 19,200
Special Allowance 208,020
Statutory Bonus 0
Medical Allowance 15,000
Leave Travel Allowance 24,996
Annual Guaranteed Cash 923,040
Employer's Provident Fund 32,076
Cost to Company 948,116
ADDENDUM
We refer to your Letter of Appointment dated July 3, 2019 and Appendices I and II
(“Letter of Appointment”). For convenience, in this Addendum, we adopt the same
abbreviations adopted in the Letter of Appointment. Please be informed that the following
terms and conditions shall apply to you:
Acceptance
Your employment with the Company shall commence on a date to be mutually agreed
with the Company. If you do not or are unable to report for work on the agreed date of
commencement with a valid reason, the Company shall have the right to extend or
postpone your date of commencement. In the event that the Company does not agree to
extend or postpone your date of commencement, the Company may treat this Letter of
Appointment as having been terminated immediately without any liability to either party. If
you fail to commence at work on the mutually agreed date, this agreement stands
terminated in one week from aforesaid date, without any liability to either party.
You acknowledge that you have read carefully and understand the contents of this Letter
of Appointment as well as in Appendix I and Appendix II before accepting the terms of the
Company’s offer of employment to you and you agree to be bound by and will comply
with those terms.
Please confirm your acceptance of the terms within this Letter of Appointment byJuly 9,
2019, failing which this offer will lapse.
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Please do not hesitate to contact JithenderReddy GAVINOLLA at jithender@dbs.com if
you have any queries.
We look forward to welcoming you on board and wish you a successful career with DBS.
Yours sincerely,
B Shankar Swaminathan
Talent Acquisition Group
Human Resources
DBS Asia Hub 2 Private Ltd., India
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