Mr.
Ayyappan V,
Date: June 28, 2018
Subject: Letter of Appointment
Dear Ayyappan,
We are pleased to offer you, the position of Cloud Security Engineer with Net Vision
Cybertech Private Limited on the following terms and conditions:
Employment Start date
Your employment will be effective as of July 12, 2018.
Probation period
You shall, initially, be on probation for a period of 3 months from your joining date. On
completion of the probation period, if your work and general conduct are found to be
satisfactory, we shall confirm your employment by a specific letter of confirmation.
Salary and Allowances
Your Annual Remuneration will be Rs 5,74,152/- Your salary/emoluments will be reviewed
after successful completion of Probation as per the Company’s policies. Allowances, as per
the rules of the Company at the discretion of the Company. Your increments and promotions
shall be at the discretion of the Company and will be subject to and based on your
performance. You acknowledge and agree that your salary package is a matter purely
between yourself and the Company and you are to keep this information and any changes
thereto, strictly confidential.
You will also be eligible for a joining bonus of Rs. 50,000 if you can join Net Vision
Cybertech on or before 04/07/2018. The joining bonus will be paid once the completion of
Three months with Net Vision Cybertech Private Limited.
Additional Benefits:
a) Group Medical Coverage Plan (GMIP): You would also be enrolled under
the existing Medical Insurance scheme of the Company with a cover of
INR 3 lakh (floating cover) applicable to Self, Spouse, 2 children, the cost
of the coverage will be borne by the company. You can also extend the
coverage to parents (optional), cost of coverage of parents (if opted for)
will be borne by you.
b) Group Personal Accident Insurance (GPAI) Coverage: You would be
enrolled under the Company's GPAI scheme with a cover of up to INR 5
lakh payable in case of permanent disablement arising out of any
unfortunate event of an accident
Place of posting
Your initial place of posting will be at Chennai, India. However, you may be
posted/transferred to any other place or offices of the Company or its affiliates, as per
Company may, from time to time, deem necessary. On such posting, you will be governed by
the terms and conditions of service applicable to the new assignment.
Employment Type
Your employment with the Company is on a full-time basis. While you are in the services of
the Company, you shall also not undertake or be interested, either directly or indirectly, in
any other business or activities, which are contrary to or inconsistent with your employment
with the Company or the Company’s interest. You shall devote yourself exclusively to the
business of the Company.
Confidentiality
During your employment with the Company, you may be privy to confidential information
of the Company and/or its clients. You shall always, keep in strictest confidence and trust,
the Company and its Client’s confidential information including that which you may have
created. This includes, but is not limited to, information relating to the organization, its
customer lists, employment policies, personnel, and information about the Company’s
products, processes including ideas, concepts, projections, technology, manuals, designs,
specifications, and all papers, records and other documents containing such Confidential
Information. You will keep the Company duly and promptly informed, in writing, if you are
bound by any confidentiality, non-compete or other similar agreements with any of your
previous employers.
Intellectual property rights
During your employment, if you conceive of any new or advanced methods, inventions,
designs or improvements, processes / systems in relation to the operation of the Company,
all such developments shall be communicated to the Company and will be and remain the
sole right / property of the Company and you shall execute documents and do all things
necessary to enable the Company to obtain all rights to the same.
Notices
You shall be entitled to serve a notice period of 2 months, unless the company decided
to make exception on your notice period. The information on resignation should be
given in written/mail through appropriate channel.
Termination
Your employment shall be terminable by either party, with or without cause, by giving the
other party one-months’ notice during the probation period and two months’ notice
thereafter.
The Company reserves the right to terminate your employment summarily without any
notice period or termination payment, if it has reasonable ground to believe you are guilty
of misconduct or negligence or have committed any fundamental breach of contract or
caused any loss to the Company
Governing Terms
This letter of appointment, read with the documents referred to herein, shall be the sole
document governing our relationship and supersedes all other letters of appointment
previously issued and/or all other agreements, memoranda, documents and discussions. Our
relationship will be governed only by the terms hereof.
Yours Sincerely,
For Net Vision Cybertech Pvt. Ltd.,
Vibulananthan J
Head, Resource Management Group
Acceptance of offer
I have read and agree to the term stated in the agreement which supersedes and replaces all
prior negotiations and agreements whether written or verbal. This agreement reflects the
full and complete agreement between Net Vision Cybertech and me on the subjects
contained and referred herein. My signature below constitutes a full and complete
understanding of the terms and conditions contained in this agreement, including the
annexure incorporated.
AGREED, UNDERSTOOD AND ACCEPTED
Ayyappan V
Annexure:
Component Amount (Rs.)
Basic Salary 3,03,000
House Rent Allowance 1,54,500
Flexi Yield Plan 39,000
Personal Allowance 49,152
Medical Allowance 28,500
Fixed CTC 5,74,152
Note: Your salary will be paid monthly through bank transfer on the last day of the month, for
which you would be required to open a Bank A/c with any of the Company specified Bank.
