Appointment Letter

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28th January 2019.

Dear Kakarla Sumanth Babu,

We have pleasure in appointing you in our company, as Software Engineer at Hyderabad in such
other capacity the management shall from time to time determine. Please note that the employment
terms contained in this letter are subject to Company policy.

1. APPOINTMENT
Your date of appointment is effective from the date of joining which shall be as soon as possible but
not later than 04th February 2019.
a. You will be on probation for a period of one year from the date of your appointment. If in the
opinion of the Company you are found suitable in the appointed post you will be confirmed.

b. The retirement age is 58 years.

c. You will be liable to be transferred in such capacity as the Company may from time to time
determine to any other location, department, function, establishment, or branch of the
Company or subsidiary, associate or affiliate Company. In such case you will be governed by
the terms and conditions of service applicable to the new assignment.

2. COMPENSATION
You will be eligible to receive the following:
a. Salary: You will be paid Yearly salary of Rs.2,59,992 during the probationary period.

b. You will be entitled to other compensation and benefits in accordance with the Company
policy as modified and intimated to you from time to time.

c. Your salary will be reviewed periodically as per Company policy.

d. Changes in your compensation are discretionary and will be subject to and on the basis of
effective performance and results during the period and other relevant criteria.
3. OTHER BENEFITS
a. Leaves, holidays and working hours as applicable to your category of employees and location of
posting.

b. Perquisites, if any, as applicable to your category of employees and / or based on


functional requirements as determined by the company.

c. Participate in the Company Provident Fund Scheme as per the rules and policies
applicable to your category of employees.

d. Participate in the Company Medical Assistance Program and Contributory Mutual


Benefit Program for your category of employees.

e. Company sponsored and administered Employee Benefits Program for management


employees, comprising of pension plan or gratuity plan, survivor benefit plan and
industrial injury benefits.

4. RESPONSIBILITIES
a. In view of your position and office, you must effectively, diligently and to the best of
your ability perform all responsibilities and ensure results. You will be expected to
work extra hours to achieve the above whenever the job so requires. In this connection,
you are required not to engage in activities that have or will have an adverse impact on
the reputation / image and business of Veritas Soft Solutions Pvt. Ltd, whether directly
or indirectly.

b. You will be required to undertake travel on Company work for which you will be
reimbursed travel expenses as per the Company policy applicable to you.

c. We at Veritas Soft Solutions Pvt.Ltd are committed to ensure “Integrity” in all aspects
of its functioning. Please ensure that you comply with the policies of the company as
they form an integral part of the terms of employment with Veritas Soft Solutions Pvt.
Ltd. Consequently, you are required to understand the scope and intent behind these
policies and to comply with the same. These Policies are updated / modified on a
periodic basis and new Policies may be introduced from time to time. As and when this
happens, the Company will notify you and you will be required to comply with the
same.

d. Consistent with (c) above, any matter or situation or incident that may arise that could
potentially result, or has resulted, in any violation of the Policies or this letter, shall
immediately be brought to the notice of your Business Unit Head.
5. CONFLICT OF INTERESTS
a. You are required to engage yourself exclusively in the work assigned by Veritas Soft Solutions
Pvt Ltd and shall not take up any independent or individual assignments (whether the same is
part time or full time, in an advisory capacity or otherwise) directly or indirectly without the
express written consent of your Business Unit Head.

b. You shall ensure that you shall not, directly or indirectly, engage in any activity or have any
interest in, or perform any services for any person who is involved in activities, which are or
shall be in conflict with the interests of Veritas Soft Solutions Pvt Ltd.

c. The Conflict of Interests Policy also refers to the need on your part, during the employment and
for a period of one year from the cessation of your employment withVeritas Soft Solutions Pvt
Ltd (irrespective of the circumstances of, or the reasons for the cessation) not to solicit, induce
or encourage.

I. Any employee of Veritas Soft Solutions Pvt Ltd to terminate their employment
with Veritas Soft Solutions Pvt Ltd or to accept employment with any competitor,
supplier or any customer with whom you have a connection.

II. Any customer or vendor of Veritas Soft Solutions Pvt Ltd to move his existing
business with Veritas Soft Solutions Pvt Ltd to a third party or to terminate his
business relationship with Veritas Soft Solutions Pvt Ltd.

III. Any existing employee to become associated with, or perform services of any
type for any third party.

d. In case of any conflict or doubt, please discuss the matter with your Business Unit Head,
understand the position of Veritas Soft Solutions Pvt Ltd and resolve the conflict.

6. CONFIDENTIALITY
In consideration of the opportunities, training and access to new techniques and know-how that will
be made available to you, you will be required to comply with the confidentiality policy of the
company. Therefore, please ensure that you maintain as all Confidential Information (as defined from
time to time in the Confidentiality Policy of the Company) and shall not use or divulgeany such
Confidential Information except as may be required under obligation of law or as may be required by
Veritas Soft Solutions Pvt Ltd. and in the course of your employment. This covenant shall endure
during your employment and for a period of one year from the cessation of your employment with
Veritas Soft Solutions Pvt Ltd (irrespective of the circumstances of, or the reasons forthe cessation)
7. GENERAL
a. We trust that you have not provided us with any false declaration or wilfully suppressed any
material information. If you have, you will be liable for removal from service without notice.
Please note that you are required to inform us if there are any agreements, oral or written, which
you have entered into and which relate to your commitments under this Agreement.
b. Your employment terms may be specifically enforced legally, if required. In this connection, if
any of the provisions of this Agreement are declared or found to be void or unenforceable due
to any reason whatsoever, the remaining provisions of this Agreement shall continue in full
force and effect.
8. NOTICE PERIOD
This contract of employment is terminable, without reasons, by either party giving 15 days
notice during probationary period and two months on confirmation. Veritas Soft Solutions Pvt
Ltd reserves the right to pay or recover salary in lieu of notice period. Further, the Company
may at its discretion relieve you from such date as it may deem for even prior to the expiry of
the notice period.
Please confirm that the above terms are acceptable to you and that you accept the appointment by
signing a copy of this letter of appointment.

With best wishes to you for a long and successful career with VERITAS

Yours Faithfully, AGREED TO AND ACCEPTED


Signature:
ANNEXURE-I

SALARY STRUCTURE

Per Annum (In Rs)


Salary Head Per Month (In Rs)

BASIC 11916 142992

HRA 4766 57192

CONVEYANCE 800 9600

MEDICAL 1250 15000

TRANSPORT ALLOWANCE 1000 12000

SPECIAL ALLOWANCE 1934 23208

C.T.C 21666 259992

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