Company Letter Template.docx

EMPLOYMENT OFFER LETTER 16th January 2019

From, The People Resource Center, Spurrin Innovation Pvt Ltd

To, Candidate Full Name Flat 617, Tower 5, Sai Poorna Premier, Agrahara Parappana Main Road, Harlur Road, Bangalore - 560068 Hi Candidate Full Name, This refers to the In -person interview we had with you on 11th of January, 2019, Spurrin is pleased to offer an employment to you as “Designation” in our Company with effect from 16th January, 2019 as soon as the pre-employment formalities are done. Once joined, you will be allocated to work under our talent search brand called “SapienHR” You may find details about your job, responsibilities and remuneration offered to you as well as sets forth general terms of your employment in the ‘Employment Offer Letter’. Please confirm your acceptance of this letter by signing. Best regards and wishes for a long and successful career with us.

For Spurrin Innovation Pvt Ltd

Ravi Krishnan Director

Regd. Office: #263, 17th B Main, 3rd Cross, Koramangala 5th Block, Bangalore, Karnataka - 560095, India.

Email: [email protected] Web: www.spurrin.com

1. (a) Remuneration: After you have joined Spurrin, you will be oriented towards the working conditions, etiquette and culture of Spurrin. As part of it, you may also be provided with some training to hone your expertise. After successful completion of the program and beginning of the assignment, your Annual CTC will be as per the Annexure 1. The following terms and conditions along with the personal policies of the company in vogue will guide your appointment. 1. (b) Termination of employment: Spurrin is an at-will employer, and, as such, the employee may choose to resign from his job by giving at least two months’ written notice to Spurrin. Similarly, Spurrin may terminate employment at any time with one month written notice or at discretion of the company in respect to pre-decided terms of employment. If the above regulations and benefits are acceptable to you, please sign and submit this letter, indicating your acceptance of employment with Spurrin. Our policy is to provide assignments that will enhance your skills and offer professional growth. Spurrin welcomes you and we look forward to a mutually beneficial working relationship. We believe this will be the start of a long term and successful relationship between us. 2. (a) Protection of Interest: If you conceive any new or advanced methods of improving process/systems in relation to the operation of the Company, such developments will be fully communicated to the Company and will remain the sole right of the Company. 2. (b) Code of Conduct: Spurrin has set the standard for ethical business conduct and as part of your employment, you will abide by all the rules and regulations of the Company, including the personal conduct guidelines. The Company has the right to vary and modify the said rules and regulations/guidelines, or all or any of the terms and conditions of your appointment, at any time, which will be binding on you, in the former case, upon such variation or modification being made, and in the latter case, on our giving such variation or modification. 2. (c) Past Record: Regd. Office: #263, 17th B Main, 3rd Cross, Koramangala 5th Block, Bangalore, Karnataka - 560095, India.

Email: [email protected] Web: www.spurrin.com

If any declaration given or information furnished by you to the Company prove to be false or if you are found to have willfully suppressed any material information, or found misbehaving while representing at client’s site you will be liable to be removed from services of the Company without any notice or compensation whatsoever. You are expected to put in your best at all times. You will be required to undertake travel on Company work and you will be paid travel expenses for this as per Company rules.

You will not at any time without the written consent of the Company disclose or divulge or make public except on legal obligations any information regarding the Company’s affairs or that of its clients or administration or research carried out whether the same may be confided to you or become known to you in the course of your service or otherwise. 2. (d) Notice Period: After confirmation, this contract of employment is terminable by giving at least two-month notice from the employee or one month from employer. Either party is not bound to give any reason thereof. On giving such notice, you will immediately return to the Company all documents, correspondence, specifications, books, accessories, etc. of whatsoever nature in your custody or charge and obtain clearance from the relevant person, on production of which alone will the Company settle what are due to you. 2. (e) Positions: Your position is a whole time employment with the Company and you shall devote yourself exclusively to the business of the Company. 2. (f) Fidelity Clause: You undertake and agree that except with the prior written consent of the Company, you are not permitted to undertake any other business, assume any public office, honorary or remunerative, whether directly or indirectly and whether alone or in conjunction with, or on behalf of, any other person, be engaged or interested in any business identical, similar or competing with the business or the business being or that will in future be carried on by Company in any manner whatsoever. 2. (g) Reviews: Salary review and your other benefit perquisites will be reviewed after 3 months from the date of joining. Your increments in the grade will be subject to and on basis of effective performance and results. Regd. Office: #263, 17th B Main, 3rd Cross, Koramangala 5th Block, Bangalore, Karnataka - 560095, India.

Email: [email protected] Web: www.spurrin.com

2. (h) Acceptance of Offer: Please confirm your acceptance of this letter by signing. The above terms and conditions are subject to the Company policy IN WITNESS HEREOF, Spurrin and employee this Agreement as of the date and year mentioned below. Employee

For Spurrin Innovation Pvt. Ltd :

Signature

:

Signature

Name

: Candidate Full Name

Name

: Ravi Krishnan

Designation

: Designation

Designation

: Director

Regd. Office: #263, 17th B Main, 3rd Cross, Koramangala 5th Block, Bangalore, Karnataka - 560095, India.

Email: [email protected] Web: www.spurrin.com

Annexure 1

To,

*Private & Confidential

Ref. No: HR0119/103023 Date: January 16, 2019 Employee ID: STE103023 Employee Name: Candidate Full Name

Dear Candidate Full Name, We are pleased to inform you that effective 16th January, 2019 your compensation is as per details below. Earnings Pay & Allowances Statutory Deductions Professional Tax Fixed Pay PrP (Performance related Pay) Variable Pay Target Incentive Annual Bonus Total Cost To Company (CTC)      

Monthly (INR) 10000

Annually (INR) 120000

Monthly (INR) 10000

Annually (INR) 120000

- NA 10000

- NA 120000

- NA 10000

- NA 120000

24000 24000 25000 193000

4000 3333.33 - NA 17333.33

Goal A 2000 2000 - NA 14000

Goal B 48000 40000 50000 258000

Goal A (Mandatory) – Achieving a Minimum IR of ₹6 Lacs, Annually Goal B – Achieving a Minimum IR of ₹10 Lacs, Annually Variable Pay – Released Half Yearly (On Achieving 50% of the Goal) Target Incentive – Released Once the Payment Amount has been Realized Annual Bonus – Released Annually, based on the Goal All other terms and conditions of your employment remain unchanged

We wish you all the very best and look forward to your continued support to ensure success of the company. For Spurrin Innovation Pvt. Ltd Signature

:

Name

: Ravi Krishnan

Designation

: Director

Regd. Office: #263, 17th B Main, 3rd Cross, Koramangala 5th Block, Bangalore, Karnataka - 560095, India.

Email: [email protected] Web: www.spurrin.com