Appointment Letter Format with Terms & Conditions and Full CTC
Structure
Dated: 25th Jan’2027
To,
Mr. Baidyanath Chauhan
LK-55, Netaji Nagar,
Rajapur,
Mumbai - 400019
LETTER
OF APPOINTMENT
Dear Mr.
Chauhan,
1. We take pleasure in offering you an appointment as Sr. Manager - Finance & Accounts to be based in Mumbai. This appointment will be in the Company’s Management cadre. The said appointment shall be governed by the under mentioned terms and conditions apart from other Service Rules and conditions that are applicable or may become applicable from time to time.
2. You will receive a Basic Salary of Rs.
28756/- per month. The other perquisites that you are entitled to will be
as per Attached Annexure.
3. Your appointment is subject to the
following clauses:-
·
You’re
being medically fit. In this regard the findings of the clinic empanelled by
the organisation for the purpose shall be final.
·
Satisfactory
background verification reports on you are received which are acceptable to the
organisation. For this you will be contacted by an authorized agency of the
organisation for further process.
4. Probation and Notice Period for Resignation
during Probation:
You will be on probation for a period
of Three months (or such other extended period as may be decided upon by the
Management) from the date of your joining. The probation period will continue
unless confirmed in writing.
a) During the period of probation your
services may be terminated by giving 30 days’ notice or on payment of 30 days’
gross salary in lieu thereof without assigning any reasons.
b) During the period of probation, you
may resign from the services of the organisation, subject to acceptance of your
resignation by the competent authority, by giving notice of 30 days in writing
or on payment of 30 days’ gross salary in lieu thereof. During the notice
period you will not be allowed to take any leave and any leave taken will be
treated as without pay. The Company may, at its discretion, decide to release
you prior to completion of your notice period and undersuch circumstances,
either party shall not be liable for any payment in lieu of the remaining
notice period.
. 5. Termination and Notice period after
Confirmation:
a) Notwithstanding
what is provided in the Management Rules and the above paragraphs, your
services after confirmation, may be terminated by the organisation by giving 30
days’ notice or payment of 30 days’ gross salary in lieu thereof without
assigning any reasons. Similarly you may resign from the services of the
organisation, subject to
acceptance of your resignation by
the competent authority, by giving notice of 30 days in writing or on payment
of 30 days’ gross salary in lieu
thereof. However, during the notice period you will not be allowed to take any
leave and any leave taken will be treated as without pay.
b) Notwithstanding
the above, upon receipt of your resignation, the Company may at its discretion,
decide to release you prior to completion of your notice period. Only under
such circumstances, either party shall not be liable for any payment in lieu of
the remaining notice period.
6. Leaves
You are entitled to 30 leaves per
financial year (on a pro rata of 3.5 per month). Leaves are usable but not
encashable under any circumstances. However, you are not allowed to carry
forward leaves of more than 30 days during your transit to any new financial
year. No leave will be allowed during the notice period.
7. General Terms
a. If any declaration, statement or
information including your qualification, experience and/or any other details,
which entitled you to apply for the job as given by you at any time, is found
to be false or untrue, or if any material information is suppressed, your
services are liable to be terminated forthwith without any notice or
compensation in lieu thereof at any time during or even after the completion of
the probation period.
b. If it comes to the notice of the
organisation that you had been, prior to joining the services of the
organisation, convicted of any act involving moral turpitude and/or criminal in
nature, your services will be liable to be terminated forthwith without any
notice or compensation in lieu thereof. However, this does not preclude the
organisation from initiating suchdisciplinary measures, as the organisation
shall deem fit and any penalty may be imposed upon you in terms of the Staff
Rules of the organisation in force.
c. In case of breach of trust or misconduct
on your part, your contract is terminable with immediate effect and in such
event it would not be necessary for the Company to give you any notice
whatsoever.
d. Your services are liable to be
transferred to any of the offices of the organisation within India and/or
abroad at the sole discretion of the management and the latter reserve the
right to depute you at any time during your service in the organisation, to any
of its subsidiaries or associates without any prior consent from you.
e. Notwithstanding the role assigned to
you in terms of this letter, the organisation reserves the right to assign you
any other role/function commensurate with your grade as may be deemed
appropriate, depending on administrative exigencies and requirements.
f.
Your services can be requisitioned by the
organisation at any time outside the Business/working hours.
g. During your employment with the
Company, you shall not be involved directly or indirectly with any
business/trade/occupation service/calling or perform any part-time or other
work for remuneration or otherwise without obtaining prior written permission
from the organisation.
h. During the Employment in the services
of the Organisation, you shall not hold any other position in any other
organisation nor shall you get employed directly or indirectly in any manner
whatsoever nor shall act as an advisor to any organisation, the
exception
being social organizations like Clubs, NGOs etc having no political
affiliation. However, the organisation reserves the right to direct you to step
down if, in the opinion of the Organisation, such engagement interferes with
your duties.
i.
As an employee of the organisation, you will
be guided by the Code of Conduct and rules and regulations of the organisation
in force and as amended from time to time. The organisation reserves the right
to vary the terms and conditions of service governing your appointment as
contained in this letter including your duties and responsibilities at any
time.
j.
You shall not at any time during your
employment and/or after the termination of your employment in any manner
whatsoever divulge any confidential information relating to the organisation,
any of its constituents or its employees without the prior written consent from
the Management. In such an event, the company reserves the right to proceed
against you.
k.
You will not, whilst in
the service of the Company or at any time thereafter, make any use whatsoever
of any trade secret of manufacturing process or method of manufacture of the
company or divulge to any person, firm or company any trade secret or
manufacturing process or method of manufacture of the Company or any other
information which you may have acquired by reason of your employment with the
Company. This clause does not apply to
the communication of such trade secrets, manufacturing process, method of
manufacture or information to a fellow servant of the Company in the course of
your employment or to such a communication by direction of the Company.
l.
All instructions, notes, drawings or
memorandum relating to the Company’s business, production and manufacture made
by you or which may have come into your possession while in the employment of
the Company shall be the exclusive property of the Company and you shall, upon
the termination of your employment with the Company or at any time when
demanded by the Company either before or after such termination, deliver the
same up to the Company.
m.
If during your employment with the Company you
make any invention, discovery or design useful in relation to any of the
Company’s goods or to any goods of an associated companies, you shall forthwith
inform the Company thereof and shall at the expense of the Company do and
execute all such acts, deeds and documents as the company may require or
obtaining or otherwise protecting such invention, discovery of design and for
vesting any Letters Patent, registration or other protection thereof in any
part of the world in the Company for its absolute use and benefit.
n.
After
your dissociation from the company, you are strictly forbidden to interact in
any form with any person whom you have known by virtue of your employment with
this organisation. Further, if it is noticed that post your dissociation you
are attempting to access or share anyinformation related to the organization’s
business interest through any such person, the management will take appropriate
measures as deemed fit in the scope of law.
o.
You
will take good care of the Company’s money, property or equipment that may be
entrusted to you and shall be responsible for any damage to and / or shortage
or loss of such money, equipment or property.
p. You shall not accept or borrow money
from any person, firm or company connected or associated with the Company
whether as an employer or dealer or customer, actual or potential, nor shall
you accept any presents from any person, firm or company.
q. If you do not complete one year of
service with the organisation, the following clauses will be applicable to
you:-
i. The Relocation
Expenses/Reimbursements paid by the company to you, if any, will be debited to
you and the same will be adjusted with the Full & Final Settlement. In
case, the amount exceeds the sum of Full& Final Settlement, you have to pay
the excess amount back to the company in order to get due clearance.
ii. You will not be eligible for the Annual
Components and any amount received thereby will be adjusted with the Full &
Final Settlement.
8.
You
will retire from the services of the Company at the end of the month during
which you attain the age of 58 years in the event you are confirmed in service.
9. Your date of joining as per our
records is 25st Jan 2027.
Please return the duplicate copy of this letter duly signed by you
in token of acceptance of the terms and conditions mentioned above.
Punita Jain
Group
Corporate HR
CTC Break
up of Mr. Baidyanath Chauhan
|
Components |
Per Month (In Rs.) |
Per Annum ( In Rs.) |
|
Basic |
29950 |
350000 |
|
HRA |
15620 |
167000 |
|
Conveyance |
7250 |
81600 |
|
P P
Allowance |
3500 |
28000 |
|
Uniform
Allowance |
2000 |
20000 |
|
Mobile
Allowance |
2000 |
20000 |
|
Other Allowances |
8820 |
97000 |
|
Annual
Component |
|
|
|
LTA |
|
26733 |
|
Medical |
|
26733 |
|
Ex-Gratia |
|
26733 |
|
TOTAL CTC |
69140 |
843800 |
|
|
|
|
|
The
Employees are eligible to receive the Annual Components only after completion
of a year with the organisation. |
||
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