Date : 10/06/2021

Mr. Sakib Tayabali Shaikh

Employee Code : V1E22929
#58, PRITHVI MANSION, 20th Main Rd, Madiwala,
Bengaluru, Karnataka
madivala
Afzalpura - 560068
Karnataka

Sub: Appointment Letter

Dear Mr. / Ms. Sakib Tayabali Shaikh,

With reference to your application and subsequent interview you had with us, we are pleased to
offer you the position of Sr AR Analyst - Medical Billing with effect from 10-06-2021 in our
organizationbased in Vee4, on the following terms and conditions:

Your Cost to Company will be Rs.496800/-per annum (Four Lakh Ninety Six Thousand Eight
Hundred Only) and adetailed salary break up is as per the Annexure - A

Please go through the HR Policies of the Company governing your employment. Other terms and
conditions relating to your appointment are enclosed herein.

If the above terms and conditions are acceptable to you, we request you to sign and return to us
the duplicate copy of this letter as a token of acceptance.

We look forward to a long and mutually beneficial relationship with you.

 Terms & Conditions:-
Probation

1. You will be on probation for a period of six months commencing from your date of joining the
Company. If performance is not satisfactory your probation period may be extended. At the
end of your probation your services will be confirmed based on confirmation assessment by
the management. During the probation period either party may terminate this agreement by
giving the other party 30 Days notice and without assigning any reason.
2. Management is under no obligation to offer you employment after the completion of your
probation period. However, upon successful completion of your 6 months Probationary you
will be confirmed as applicable to any other employees.
Notice Period

3. After confirmation either party by stating their intention to do so, in writing, may terminate
this employment at any time, provided that at least 30 Days notice or salary in lieu thereof
has been given. However Company will have absolute discretion to waive off the notice
period. In the event that you are in the middle of an assignment, the Company may require
you to complete all operation parts of the assignment, as determined by the Company before
agreeing to your release.
4. In such circumstances you will be required to return all documents and property belonging to
the Company before your last working day in order to obtain release from the Company. You
are also specifically restrained from keeping copies or extracts of any of the Company or
client's document with you, after your release from the services of the Company, except with
specific written permission.
Date of Birth

5. The date of birth declared by you is 22-11-1997 and you will be bound by such date of birth in
all service matters related with the Company.
Retirement Age
6. You will retire from the services of the Company on attaining the age of 60 years.

Retirement / Separation Benefits

7. You will be entitled to provident fund and gratuity as per the Company’s rules.
Non-Disclosure and Confidentiality
8. You shall sign a Non –Disclosure Agreement and this NDA is applicable during your
employment and for a period of two (2) yrs after the employment period. This order is to be
read in conjuncture with the NDA that you have read, understood, accepted & acknowledged.
9. During your employment period, you shall not interest or engage yourself in any other
business, occupation directly or indirectly without written permission of the Management.
10. You shall not divulge, disclose any time during your probationary period or thereafter, any
confidential information regarding the business, know-how, knowledge, secrets, methods,
plans etc., of the company. Further, you shall not indulge in any activity which will be
considered by the management as detrimental or prejudicial/prudential to the interest of the
company or its officers and may bring dis-reputation to the company, failing which may be
terminated from services forthwith and suitable action will be initiated.
Tenure Commitment
11. You may have to execute a Bond as a part of your long term commitment for about ZERO
Months.Once the bond is executed and if not adhered you may have to compensate the
Company as per the terms of the Bond or as specified in the NDA.

Responsibilities during employment period:

12. During your employment, you shall report to your immediate superior as designated by the
management unless specified otherwise.
13. During your probation or thereafter, you should furnish/ update/ correct your Permanent/
Residential address. Any change in the address should be intimated to the HR immediately.
Even whilst on leave or absence, you will have to communicate your whereabouts to HR or to
your immediate Supervisor/ Manager, so that the Company may get in touch with you if and
when required.
14. During your employment period, you should perform all the roles & responsibilities faithfully
& diligently which are attached to your post as assigned by the management.

Incentives & Allowance

15. You will be eligible for performance based incentives on regular basis either, monthly or
quarterly and please note the incentives are not part of your regular wages and are purely
performance driven.
16. Management reserves the rights to revise or modify the incentive components from time to
time.
17. Flexi allowance consists of incentive components which may be categorized as daily,
monthly, quarterly incentives. Incentives are also termed as Variable pay or variable
performance linked pay.
Verification
18. Your employment with the Company is subject to satisfactory verification of your certificates
and testimonials. In the event that such verification reveals any discrepancy in the
statement(s) made in your application or in the bio-data with the Company, your services are
liable to be terminated forthwith without any notice or compensation.
Non-Competition
19. During the employment and for a period of two (2) years after the employment period, you
shall not, without the Company’s prior written consent, which consent shall not be
unreasonably withheld, directly or indirectly:

I. Hire any employee of the company or recruit, solicit or induce, or attempt to induce, any
employee or employees’ of the company to terminate their employment with, or otherwise
cease their relationship with, the company;

II. Solicit, divert or take away, or attempt to divert or take away, the business of patronage of
any clients, customers or accounts or prospective clients or customers of the company; which
were contacted, solicited or served by you while in the employment with the company
Transfers
20. You are liable to be transferred from one department/ section to the other, from one job to
another of similar skill if an exigency of work is called for.
21. Management reserves its rights to transfer your services to the Head office or any other
establishment/ sister/associate concern/branch wherever the interests of the company are
involved and you should accept such transfer to any place in your Organization in the state of
Karnataka/ anywhere in India, during the Period of probation or thereafter.

Termination of Employment
22. This offer is subject to you being found medically fit by the company's doctor or any other
Registered Medical Practitioner authorized by the Management. Management reserves its
right to medically examine you at any time during the course of your employment for drugs or
otherwise as per the Company’s Drug Policy, as we are a Health Care oriented Organization.
In case you are found medically unfit, the Company shall not engage you for training or
employment thereafter.
23. During the period of your Probationary/ Employment if you remain absent without sanction
of leave for a period of more than 5 consecutive working days or overstay sanctioned leave
for three consecutive working days, you shall be deemed to have voluntarily left/ abandoned
your Employment by your own act, unless you submit your satisfactory explanation in writing
to the Management. The management reserves its right to accept or reject your explanation,
in which event you shall repay the entire cost as specified by the management. In case, you
are absent without prior approval from the

24. Designated authority for more than 5 days, you will be removed from the services of the
company without any further dispute.
25. In case of your termination or resignation, you should hand-over the charge to any other
designated authority and obtain the clearance from all the departments concerned.
Termination of employment can be due to loss of confidence in you by the management,
misconduct of any kind, or any other matters which directly or indirectly affects the
Company’s Stature or interest. Final settlement will be done only upon the clearance from
the respective departments.
General
26. You shall take good care of and be responsible and accountable for the work assigned to you.
It is the responsibility of every employee to handle the machinery, equipment’s, and
Company materials used by them from time to time.
27. In addition to the above terms and conditions, the company’s Standing Orders/Service Rules
and Regulations existing will govern you or as may be modified from time to time, at the
discretion of the management.

28. The management reserves the right to lay-off with or without compensation or retrenches
your services, at its discretion for any reason whatsoever.
29. Employees are provided with subsidized food at our canteen premises.
30. Apart from the above, you will be governed by the standing orders/ service, rules &
regulations of the company in force and as modified from time to time.
 Annexure - A
Basic 15233
House Rent Allowance 6867
Conveyance Allowance 4000
Medical Reimbursement 3000
Piece Rate Incentives 5082
VPLI 5150
Gross Salary 39332
PT 200
ESI 0
PF 2068
Total Employee Contribution 1592
Net Salary 37064
ESI Employer 0
PF Employer 1592
Total Employer Contribution 1592
Monthly CTC 41400
Annual CTC 496800

Professional Tax:
Employees are liable to pay the Professional Tax contribution every 6 months once based on their
gross earning in that particular months. For the period of April to September PT will be deducted
in September Payout. For the period of October to March PT will be deducted in March Payout for
TamilNadu.
Yours faithfully,
for Vee Technologies Private Limited

Declaration
I have carefully read and understood the above Offer including the attached terms and conditions
and accept the same. I agree to be bound by rules and regulations of the Company as amended
from time-to-time.
Sakib Tayabali Shaikh