EMPLOYEE APPOINTMENT LETTER

 

 

Date: –  _________

 

Name of the employee

 

 Address____________

 

 

Dear (First name),

 

With reference to the discussions you have had with us, we are pleased to appoint you as “_______” for our company on the following terms and conditions:

 

1. You will be paid a consolidated amount of Rs._______ (Rupees _______only) per annum.

 

2. The above consolidated amount will consist of the following:
3. _________ per annum as fixed pay, and
4. _________ per annum as variable pay which is linked to your performance and that of the company.

 

3. This appointment is for a period of two years effective date of your joining and may be renewed on a mutual basis. This arrangement is with effect from _______ and will be valid for a period of _______years/s.

 

4. In this capacity, you will be located at ____ and will report to _______ or any other person nominated by the company. However, your services could be transferred to any other Departments/Divisions of the Company. Notwithstanding your appointment in this company, your services could be reassigned to any other company of the (Organization Name) Group.

 

5. You may also be assigned such other duties as may become necessary for the organization at the discretion of the Management in any Branch or office of the Company and/ or its Subsidiaries or Associate Companies.

 

6. You will be eligible for 18 days leave pro-rated per calendar year. However, leave will be allowed subject to exigencies of work.

 

7. You will be provided comprehensive Accident/ Medical Health Insurance for you and your spouse.

 

8. It is clarified that in addition to the above, you will not be entitled to any other benefits.

 

9. This appointment can be terminated by giving three-month notice on either side or payment in lieu of shortfall in this notice period.

 

10. You shall observe all rules and regulations of the company.

 

11. During the tenure of the assignment with the company, you will not engage yourself in any other assignments or gainful employment without consent of the management.

 

12. You are required to maintain the highest order of secrecy with regards to the work or confidential information of the Company and/ or its subsidiaries or Associate Companies and in case of any breach of trust, your appointment may be terminated by the Company without any notice.

 

13. The Company lays emphasis on all statutory compliances and you should ensure compliance with various statues in your area of operations.

 

14. Kindly sign a copy of this letter in acceptance of the above-mentioned terms and conditions and return the same for our records.

 

 

 

 

Name of Business Head

Designation

Company

Signature & Stamp