LOA Soha Das
LOA Soha Das
LOA Soha Das
With reference to your application and subsequent interview you had with us, we are
pleased to confirm your appointment for the above said position in Climber Knowledge
and Careers Pvt. Ltd. subject to the following terms and conditions. You will be working
from Bangalore Office.
THIS AGREEMENT is made on the 15th January 2020, between Climber Knowledge
and Careers Pvt Ltd, a company registered under the Companies Act, 2013 (hereinafter
called the “company”) of the one part and Soha Das (Hereinafter called the “Employee”)
of the other part. WHEREAS The company is desirous of appointing Soha Das as its
Operations Executive and the Employee has agreed to the terms and conditions
outlined here below.
1. Your monthly salary package will be as per the terms mentioned in this letter.
Based on the periodic reviews your compensation package may differ as per the
compensation policy applicable to other employees of your category in respective
department as detailed in Annexure-1.
2. The Employee shall perform such duties and exercise such powers, that may
from time to time be assigned to or vested in him by the company.
3. The Employee shall, unless prevented by ill health or any unavoidable cause,
during the continuance of the term of his office devote his whole time, attention
and abilities to the business of the company.
4. The Employee shall obey the orders from time to time of the Board of Directors of
the company and in all respects conform to and comply with the directions given
and regulations made by the Board. He shall well and faithfully serve the company
to the best of his abilities and shall make his utmost endeavors to promote the
interests of the company.
5. The Employee shall agree to enter a service bond of 12 months. The said
Employee shall not resign his office operations till the end of this service bond
period.
6. The company may terminate this agreement at any time before the expiry of the
stipulated term by giving one month’s notice in writing to him. The company can
terminate your contract any time if you-
7. WORKING HOURS:
Your standard working hours will be 11:30 AM to 8:30 PM, Monday through
Saturday. In view of your position in the Company, you shall effectively perform to
ensure results and you will be expected to work beyond the standard working hours
to achieve the results, whenever your job so requires. Additionally, as mentioned in
your interview process, the Company may implement staggered work shifts, from
time to time. In such an event, you shall abide by the
8. DATE OF JOINING:
As per our discussion you will report to the Company on the joining date will
be shortly communicated by the company as an Operations Executive -
Trainee
9. TRAINING PERIOD:
You shall be on Training Period for 3 months, from the date of joining the Company.
The company reserves the right to terminate the tenure of the job upon performance or
behavioral grounds.
10. LEAVE:
You will be entitled to a total leave of 12 sick leaves in a year where not more than
one day of leave can be redeemed per month and 12 paid leaves in a year which can
be redeemed based on your performance and time period with the company. All
National Holidays will be holidays for all employees.
The Company reserves the right to alter the policy from time to time and the policy in
effect for the time being shall be applicable to you.
b) In case the termination is initiated by you for pre-closure of contract, you shall
serve a notice period of 3 months. Serve for a period of 1 month without pay,
also compensate the company equivalent to last drawn three month’s salary
which is based on annual fixed compensation, in lieu of breaking the service
bond contract.
e) The Company may also terminate/suspend your services at its discretion at any
time without giving any notice or amount in lieu of notice immediately if it has been
alleged and prima facie established through preliminary internal enquiry that you
have committed (i) any heinous criminal act or any offence involving moral
turpitude (the term “moral turpitude” includes crimes having an inherent quality of
baseness, vileness, or depravity with respect to a person's duty to the society in
general such as rape, forgery, theft, solicitation, etc.), (ii) sexual harassment
(adjudicated guilty as per the Company’s policy and local laws) or (iii) other act
that threatens or likely to damage Company’s reputation or (iv) any misconduct or
breach of terms and conditions outlined in this contract of employment including
the Company’s policies. (v) any activity leading to loss of business
f) The Company also expects that you voluntarily disclose details of any of the
above acts to the Company at the time of joining or during your employment
with the Company, as applicable, based on which the Company may
terminate/suspend your services at its discretion at any time immediately
upon written notice to you.
The Basket of Allowances will be paid to you as part of your salary every month. The
components are as follows: House Rent Allowance, Leave Travel Allowance, Medical
Allowance, Transport Allowance and Telephonic Allowance.
You have the flexibility of changing the amounts under each of the
above-mentioned heads, within your BOA, according to your preferences and
income tax plan.
a) Need to submit the original 10th & 12th Mark-sheets on the Date of Joining.
b) The documents would be under the safeguard of the company until the bond
period is over.
c) The company takes the full responsibility of keeping the documents
secure and won't be releasing it before the bond period is over.
d) In case the employee needs the document for some work, the employee
would have to submit an alternative original document to release the old document,
during the bond period.
The Employee undertakes, agrees and covenants with the Company that for a period of
18 (nine) months from the termination/ expiry of this contract, as the case may be
(“Non-Compete Period”), the Employee shall not, either directly or indirectly work with
any company, association, firm, individual or carry on any activity, which is the same as,
or similar to, or which competes or is reasonably likely to compete with, the business of
the Company, including, but not limited, to any company involved in the field of
Education technology. The Employee acknowledges that the restrictions on competitive
activity of the Employee set forth in this contract are mainly to protect the value of the
Company due to loss of an employee. The Employee acknowledges and agrees that
the covenants contained in this clause are no more extensive than is reasonable to
protect the interests of the Company and to protect the business of the Company. The
Employee acknowledges and deems the terms and conditions of this contract, including
the remuneration given hereunder, to be adequate consideration for giving the
undertakings contained in this Clause. The Employee is not allowed to sit for interview/
selection process at any other firm/company/organisation during the bond period.
If the Employee wants to sit for an external interview/selection process an official
permission from the respective Team Leader needs to be taken.
16. EARNINGS
month will be paid with monthly and quarterly incentives (Please note – In case
during the internship period the candidate decides to quit, our organization will not
be liable to pay the above-mentioned stipend to the candidate and it is mandatory
for each of the recruited candidate to complete his / her internship duration to be
eligible to qualify for permanent placement and confirmation of internship
completion documents .)
Post completion of Internship and based on individual performances, the intern will
be inducted into the company as a permanent employee and the CTC will be
revised to Operations Executive G3 (refer Annexure).
Basis the performance of the employee for the next three months, they will be
promoted to one of the three grades which are mentioned below in annexure.
Thank you.
Anush Ramachandran
Operations Manager
Climber Knowledge and Careers Pvt Ltd
I hereby accept the aforesaid position and terms and conditions of employment set forth
above.
Signed: Date:
Name:
Annexure-1
Operations Executive G3
Per month
Components Annual (INR)
(INR)
Base Salary 16,000 1,92,000
House Rent Allowance (HRA) 5,000 60,000
Other allowance including flexible
1,000 12,000
components
Performance based Incentive (Variable) up-to 8,000 up-to 96,000
Fixed compensation (In Hand) 22,000 2,64,000
3,20,000 to
Cost to Company (CTC)
3,60,000
Operations Executive G2
Per month
Components Annual (INR)
(INR)
Base Salary 19,440 2,33,280
House Rent Allowance (HRA) 6,210 74,520
Other allowance including
1,350 16,200
flexible components
Performance based Incentive (Variable) up-to 6,333 up-to 76,000
Fixed compensation (In Hand) 27,000 3,24,000
3,60,000 to
Cost to Company (CTC)
4,00,000
Operations Executive G1
Per month
Components Annual (INR)
(INR)
Base Salary 21,600 2,59,200
House Rent Allowance (HRA) 6,900 82,800
Other allowance including
1,500 18,000
flexible components
Performance based Incentive (Variable) up-to 7,500 up-to 90,000
Fixed compensation (In Hand) 30,000 3,60,000
4,00,000 to
Cost to Company (CTC)
4,50,000