ਆਪਣੀ ਜਾਣਕਾਰੀ ਭਰੋ

EMPLOYMENT AGREEMENT

This Employment Agreement (this "Agreement") is made at __________ on .

BETWEEN

__________, __________, of __________, acting through __________, __________ (the "Company");

AND

__________, son/daughter/wife of __________, of __________, PAN __________ (the "Employee").

The Company and the Employee are each a "Party" and together the "Parties".

RECITALS

A. The Company wishes to employ the Employee, and the Employee wishes to be employed by the Company, on the terms of this Agreement.

B. This Agreement records the complete terms of that employment and supersedes any earlier offer, letter or discussion between the Parties to the extent they conflict with it.

NOW THIS AGREEMENT WITNESSES AS FOLLOWS.

1. DESIGNATION. The Company employs the Employee as __________, and the Employee accepts that employment.

1. WORK LOCATION. The Employee's place of work will be __________, subject to the Company's right to reassign that location in the ordinary course of its business, on reasonable notice to the Employee.

1. NATURE AND TERM OF ENGAGEMENT. The Employee is engaged as __________.

1. COMMENCEMENT. This Agreement and the Employee's employment under it commence on __________.

1. COMPENSATION. The Employee's annual cost to the Company (CTC) is __________. Salary is paid by __________, by bank transfer, after deduction of tax at source under s.192 of the Income-tax Act, 1961 and of the statutory contributions clause 8 describes.

1. WORKING HOURS AND LEAVE. The Employee's working hours are __________. The Employee's leave entitlement is as stated in the Company's leave policy in force from time to time, besides such further leave as applicable law separately provides.

1. WHOLE TIME AND OUTSIDE ENGAGEMENTS. During the term of this Agreement, the Employee shall devote their whole working time, attention and skill to the Company's business, and shall not take up other employment, consultancy, directorship or business without the Company's prior written consent.

1. STATUTORY BENEFITS. Where the Company and the Employee's compensation meet the coverage thresholds those Acts prescribe, the Employee will be enrolled for provident fund under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, and for insurance under the Employees' State Insurance Act, 1948; gratuity will be payable on the terms of the Payment of Gratuity Act, 1972 once the Employee completes the qualifying service that Act requires.

1. CONFIDENTIALITY AND INTELLECTUAL PROPERTY. The Employee shall keep confidential all information about the Company's business, clients, processes, pricing and finances that the Employee learns in the course of employment, both during employment and after it ends, except as the Employee's duties require or the law compels. All work product, inventions, records and material the Employee creates in the course of employment, and using the Company's resources, belong to the Company, and the Employee shall sign such further document as the Company reasonably requires to record that.

1. NO RESTRAINT ON COMPETING AFTER EMPLOYMENT. This Agreement does not restrain the Employee from taking up competing employment or business after this Agreement ends. Section 27 of the Indian Contract Act, 1872 renders a restraint of trade void outside narrow statutory exceptions that do not extend to an ordinary contract of employment, and a clause purporting to bind the Employee not to compete after leaving would not be enforced. What the Company has instead is clause 9, which continues after employment ends, and clause 11.

1. NON-SOLICITATION. For __________ months after this Agreement ends, for whatever reason, the Employee shall not solicit or induce any employee of the Company to leave the Company's employment, and shall not solicit any client or customer of the Company with whom the Employee dealt during the last twelve months of employment, for the purpose of providing them services competing with the Company's business.

1. CONDUCT. The Employee shall observe the Company's code of conduct and other policies in force from time to time, including its policy against sexual harassment at the workplace framed under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

1. NOTICE AND TERMINATION. Either Party may end this Agreement by giving __________ days' notice, or pay in lieu of that notice. The Company may also end this Agreement without notice or pay in lieu of notice for a reason amounting to misconduct, after following the Company's disciplinary procedure, or where continuing the Employee's employment would contravene the law. Nothing in this Agreement takes away such further right or protection as the Industrial Disputes Act, 1947 or the Industrial Employment (Standing Orders) Act, 1946 gives the Employee if the Employee is a "workman" within the meaning of those Acts.

1. GOVERNING LAW AND JURISDICTION. This Agreement is governed by Indian law, and the courts at __________ shall have exclusive jurisdiction over a dispute arising from it, subject to such other forum as applicable labour law separately provides.

1. SEVERABILITY. If any clause of this Agreement is held invalid or unenforceable, the rest of this Agreement continues in force.

IN WITNESS WHEREOF the Parties have executed this Agreement on the date first stated above.

SIGNED for and on behalf of the Company

_________________________
__________
__________

SIGNED by the Employee

_________________________
__________

WITNESSES

1. __________

__________
Signature: ______________________________

1. __________

__________
Signature: ______________________________