December 3rd , 2024

OFFER & APPOINTMENT LETTER

To
Elavarasan N

Dear Mr. Elavarasan,

With reference to your application and subsequent interview you had with us, we are pleased to
appoint you as Software Engineer in our organization with effect from December 11th , 2024 subject
to the following terms & conditions. This letter of appointment supersedes all other communications
made to you prior to the date of issue of this appointment letter.

1. PLACE OF WORK:

Your place of work will be ‘Corpone Outsourcing Pvt. ltd’, Hyderabad. However, you may be
required to work with our clients anywhere in India or overseas, if the company so directs based on
the exigencies of work. You would also provide your services for the co mpany, its clients, subsidiaries
or associates, as and when required. You are expected to work in any shifts as requested by the
company, no matter how many days and in this period no extra pay or benefits are given.

2. EMOLUMENTS:

Your total compensation (Cost to the Company) will be Rs.3,60,000/- (Rupees Three Lakhs Sixty
Thousand Only) per annum. The breakup of emoluments is annexed here with. You are not covered
under the Gratuity, Insurance, Retirement benefits and you are in acceptance of this. However , in the
event of Company decision to implement/introduce any of the above -mentioned benefits keeping in
view the collective benefits of the Employees, you agree to it and also that it would be a cost to the
employee.
3. REPORTING:

You would be reporting to the General Manager/Client-side Manager and/or to whosoever the
Company deems fit to be your supervisor.

4. PROBATION:

You will be placed on probation for a period of six months from your date of joining on the Successful
completion of your probation period, you will be confirmed in writing. Your probation Period can be
extended in case the management/client is not satisfied with your performance. The Probation period
will be assumed to have been extended until such time as you receive your confirmatio n in writing.

5. REVIEWS:

Performance review will be done on a yearly basis. Your increments are discretionary and will be
subject to and on the basis of your effective performance upon evaluation by the management/client
supervisor and results of the company/ Client Company Generally salary review would be done once
every year, usually during the end of financial year.
6. RESPONSIBILITIES

In view of your office you will be required to carry out your duties and responsibilities effectively, to
achieve the desired results, which may include working rate hours.

7. LEAVE

Every employee is eligible for leaves as per the prevailing leave policy only upon the completion of the
stipulated probation period.

8. NO SIMULTANEOUS EMPLOYMENT

While employed with this company, you will not in any circumstances be permitted to work for any
other firm or person, either whole time or part time, to own, or in any way be associated with any firm
or person as advisor, director or partner, whether paid or not, for y our services, without prior written
permission of the company.

9. CONFIDENTIALITY OF INFORMATION

a) You will not, during the continuance of this appointment and thereafter, disclose, divulge or
communicate to any interested or other person, whatsoever, any information relating to the company's
technical knowhow, business practices or any other information of a confidential character.
b) The employee shall treat all information obtained by him/her during the course of his/her
employment with the company, either directly from the company, as strictly confidential.

10. DISCIPLINE

a) You will be governed by the company's rules and regulations that may be promulgated from time to
time.
b) You shall not refuse to take up any assignment that may be offered to you by the company.
c) You shall be expected to abide by the rules and regulations of the -company, be courteous, honest,
and professional within the company or with its clients/customers, and maintain & represent the
company's high standards of professional Services at all times, whether in the Company or at its
client's site(s).
d) You shall be responsible for all company properties and material that are in your possession, and
all infrastructure Like telephones, computer, projectors etc. that have been provided to you to enable
you in your work.
e) You shall not publicly criticize, defame or misrepresent the company and shall not, knowingly,
commit any such actions which may result in the company's image/business being adversely affected.

11. WORKING HOURS

You shall be expected to work a minimum of 8 hrs. per a day. The working hours are subject to change,
depending on the requirements of the company.

12. AUTHENTICITY OF INFORMATION

This appointment is made on the basis of information provided by you in the application and also at
the time of interview- Original copies of your certificates, testimonials, and previous employment
records should be submitted along with the photocopies for verification. If any declarations given by
you to the company prove to be false or if you are found to have willfully suppressed any material
information, you will be liable to be removed from service without any notice, irrespective of when the
desired verification check is done.
13. NOTICE PERIOD & TERMINATION

a) This contract of employment is terminable by employee by giving a 30 working days’ notice during
probationary period and a 15 working days’ notice on/ after confirmation or on payment of salary in lieu of the
notice period.
b) In the event of any misconduct or breach of terms of employment on the part of the employee during probation
or on/after confirmation the Company reserve the right to terminate this contract immediately without any notice
and the employer is not under any obligation to compensate/pay/settle any outstanding pay, benef its
whatsoever.
c) If any privilege leave is due to the employee, salary in lieu of such leave will not be paid. Employee is not
allowed to use any privileged leave against the stipulated notice period in case the employee has decided to his
services to the company.
d) On termination of this contract, you will immediately give up to the Company before you are relieved, all
correspondence, specifications, formulae, books, documents, cost data, market data, literature, drawings,
effects or records, etc. belonging to the company or relating to its business and shall not make or retain any
copies of these items.
e) You will not be entitled to receive any Experience/Relieving letter if you decide to leave the company with in
the first 6 months from the date of joining. The Management / Client Company reserves the right to decide in
this regard, depending on the legitimacy of the reasons for your leaving the Company as well as the terms and
conditions, which have been set forth in the employment Contract/ Agreement.
f) Employees covered under the employment Contractual Agreement however are entirely governed by the
provision & conditions stated in the Employment Contractual Agreement.

14. Transfers

Though you have been engaged for a specific position, your services can be transferred by the company from
one location to another, one department/entity to another, one shift to another. Your services can also be
transferred to any of the company's subsidiary companies, associate companies, partners, affiliates etc.
anywhere in India or abroad depending on the exigencies of business.

15. Conflict of interest

Your position with the Company calls for your whole-time employment and you will devote yourself exclusively
to the business of the Company. You will not take up any other work for remuneration (part time or otherwise)
or work in an advisory capacity or be interested directly or indirectly in any other trade or business, without written
permission from the Company.

16. General Conditions

a) Your working hours, weekly offs, periods of work, public holidays, leave rules etc. will be governed by the
rules and regulations of the Company.

b) You are required to sign a "Confidentiality Agreement" with the Company on the day of joining.

c) You will be covered by Corpone Outsourcing Pvt. ltd Employee's Intellectual Property Policy, the
Company's Code of Conduct and other policies, procedures and other rules as applicable from time to
time.

The above terms and conditions are subject to change from time to time and the same would be communicated
to you in writing. Please sign the copy of this letter, as a token of acceptance of your appointment on the terms
and conditions mentioned above.

We welcome you on board and wish you a pleasant, fruitful, and mutually beneficial association with the
Company.
 Annexure-Compensation Details

Particulars
Mr. Elavarasan
Name
Role Software Engineer
Department IT

Particulars Monthly Gross Annual Gross

(INR) (INR)
Basic 15000 180000
House Rent Allowance 6000 72000
Medical Allowance 1500 18000
Conveyance Allowance 1200 14400
Other Allowance 6300 75600

Cost to Company 30000 360000

Note:
● It is expected that individual compensation package would not employees.
● The above compensation structure is subject to change without adversely.

Yours sincerely,
For Corpone Outsourcing Pvt. Ltd.

Vishnu Prasad Y
Managing Director

I agree to abide by the terms and conditions mentioned in the letter of appointment

Name : Date:
Signature: Place:

Flat No. 302, Block A, RR Towers, Kavuri Hills, Madhapur, Hyderabad - 500 081, Telangana.
E-mail : [email protected], Web : www.corp1.in