Address : H.No. 288, St. No-18, New Guru Teg Bahadur Nagar, Vill Gill, Ludhiana-141116 Employee Code : AS539019
Dear Sir / Madam,
We are pleased to appoint you in our organization as Software Engineer in the RURAL LENDING B2C SALES Department on the following terms and conditions:
1. Commencement / Term: You are required to join our organization on or before 01-Nov-20. Your place of work shall presently be at SHERGARH.
You will be on orientation period of 6 (Six) months and up on satisfactory performance your confirmation will be due. However the company reserves the rights to extend your orientation for a certain period which will be notified to you.
The responsibilities and tasks assigned to you under this Appointment letter synchronize with the definite time line schedules of completion of various project assignments mutually agreed by our company, with our esteemed client Axis Bank. As our employee, you shall perform your services in a professional manner and shall ensure that the time bound tasks are substantially completed as may be mutually agreed and reviewed on case to case basis by your Reporting authority.
2. Remuneration : Your remuneration would be set as follows: Compensation Annual (Rs) Annual Gross Compensation 585977 Provident Fund 76127 Fixed Cost to Company 662104 Annual Incentive Par Target 237897 Total Cost of Company 900001
Salary and grade offered to you as above is based on the representation made by you during your interactions with the Company officials and / or documents submitted by you. In case of any discrepancy, company reserves the right to alter / modify / withdraw the offer made to you. 3. Gratuity : Employee will be eligible for payment of Gratuity subject to fulfillment of the payment of Gratuity Act of 1972.
4. Incentive Scheme : You will participate in the Sales Incentive Scheme and would receive incentives based on your performance and contribution to the organization as per the scheme. We will be happy to discuss this with you on your joining us. Kindly note that you will not have any right to claim any performance incentive from the company, if you resign or abscond of if you are separated from the company for whatsoever reason. It is further agreed between you and company that the incentive payable if any, based on your performance and productivity is in lieu of any other bonus including bonus based on profits payable under any law.
5. Transfer : The Organization shall have the right to transfer you to any of its offices or group companies in India that is in existence or may come into existence at a future date.
6. Leave : You will be eligible for leave as per company rules subject to approval from the competent authority. It may be noted that leaves cannot be deemed as granted unless sanctioned by competent authority. No leaves can be taken during probation period. Women employees who have completed working 80 days with the organization shall be eligible for Maternity leave as per the policy.
7. Unauthorized Leave / Absence :
If you are on unauthorized leave and absent for more than seven (7) days without any intimation to the company then it would be deemed that you are not interested in continuing with the organization and you would be automatically ceased to be an employee of the organization and in such a case you will be terminated from the services of the company with or without any intimation
8. Job Profile : Your duties and responsibilities will be explained to you on your joining the organization. However, you shall execute and perform all such duties that may be assigned to you by the organization and the organization reserves its right to change this at its discretion.
9. Professional Ethics and Confidentiality :
While you are in the services of the organization, you are not permitted to carry on any other business or profession or be employed by or engaged with any other firm, company or person. You will devote your whole time and attention to your office work to promote the interest of the company and will not divulge to any person / third party or utilize any of the organization’s confidential information or other related information (which you may possess by reason of your association with the organization) outside the organization.
10. Notice Period:
During the probation period either party can terminate the services by giving 3 days’ notice or Basic salary in lieu thereof at organization’s discretion. After confirmation, either party can terminate the services by giving 7 days’ notice or Basic salary in lieu thereof at organization’s discretion. After successful completion of orientation period either party may terminate the employment under this Appointment letter by issuing 7 days’ notice in writing or payment in lieu thereof. You will be liable to submit all the company’s assets, data etc provided during your tenure in the company for carrying official duties at the time of separation from the company. Please note that you are required to complete the exit formalities within 7 days from your last working day for processing your final settlement dues, if any. Company will not be liable to pay the final settlement dues (if any) in the event of non-completion of exit formalities within 7 days.
11. Reference Check
Your appointment will be subject to satisfactory reference checks. Please furnish the names of two references who have supervised you in professional capacity at same stage in your academic / professional career.
12. Termination of Employment :
Your services with the organization are liable to be terminated in the event of : a) Any breach of the conditions mentioned in this letter on your part, b) Any incorrect information furnished by you c) Suppression of any material information by you ; and d) Your performance level is below the expected level and / or the business target, as set out for you from time to time, has not been achieved by you. e) Violation of Company’s (client’s) code of conduct.
13. Retirement / Statutory Benefits :
You will be eligible for Retirement Benefits of the organization namely Provident Fund and Gratuity as per the company policy which will be governed by relevant laws to this effect
14. Change in the Personal Details :
You shall intimate the Company about any change of your residential address (permanent and or current), qualification and other personal details within five days from the date of change of such details. Your residential address records with the company will be treated as official address and will be used for all official communications with you. In case of non intimation of change in your residential address to the company, any correspondence to your last known address will be treated as communication received by the employee. The terms and conditions of employment set out in this letter of appointment constitutes service conditions to your employment in the organization in addition to the code of conduct and other laid down guidelines. The organization reserves the right to change the terms and conditions of your employment set out in this letter of Appointment. Any future changes in the company policies, rules, regulations and your employment terms will supersede the terms and conditions mentioned in this letter. The courts in Mumbai will have exclusive jurisdiction with regards to any dispute.
Kindly note that you are required to sign the copy of this letter as a token of your acceptance and return it to us immediately. In case we do not receive your acknowledgement copy within a period of 15 days from the date of joining, receipt of first salary by you will be conclusive proof of your acceptance of the terms and conditioned mentioned herein.
A list of documents to be submitted at the time of joining is given for your information. We look forward to your contribution to the organization and hope that we will have a mutually fulfilling relationship
With warm regards,
For IKYA Human Capital Solutions (A division of Quess Corp Limited)
Tej Hans Raj Singh
Vice President - Operations | Staffing
I have read and understood the above-mentioned terms and conditions of the Contract. I voluntarily accept the same. I shall abide to the terms and conditions mentioned therein and any amendments from time to time.
