Retention Agreement

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TRAINING AND RETENTION AGREEMENT

This Training and Retention Agreement (“Agreement”) is made on …….. day of February ,
2024 at Noida, Gautam Budh Nagar, Uttar Pradesh

BETWEEN
M/s KPL Tech Solution Private Limited (CIN U72900UP2020PTC129246) incorporated under the
Indian Companies Act 2013, having its registered office at C-56A/16, SEC-62, Noida, Gautam Buddha
Nagar, Noida, Uttar Pradesh, India, 201301, (hereinafter referred to as the “Company”). Through
its Director/authorized representative.

AND
Mr./ Ms. ……………………………., (Aadhar No…………………..)S/o/ D/o Mr.
……………………………………….
and a resident of ………………………………………………………………….
(hereinafter referred to as the “Employee”);

The Employee and the Company are hereinafter referred to individually as a “Party” and
jointly as “Parties”.

WHEREAS,
A. The Employee has been engaged by the Company in the capacity
of……………………………………….by virtue of the appointment letter/ offer letter
executed between the Company and the Employee.

B. The Employee has requested the Company to provide the Employee with requisite
knowledge and training as the Company may deem fit, in order to prepare the Employee for
performing the duties and responsibilities as may be vested with him/ her by the Company
during his/ her employment with the Company.

C. Pursuant to such request by the Employee, the Company has agreed to impart knowledge
and training to the Employee of a highly technical nature which will entail considerable
investment in terms of inter alia financial resources, training, time by its senior resources,
infrastructure, etc. by the Company.
D. The Parties have now agreed to set forth the terms of their mutual understanding with
respect to such training to be imparted by the Company to the Employee.

NOW THEREFORE, in consideration of the mutual promises contained herein, the adequacy
and sufficiency of which consideration is hereby acknowledged and agreed, the Parties
hereby agree as follows:

1. The Employee acknowledges that he/ she has recently completed his technical
education in the field of ……………………………., and he/ she does not possess
requisite knowledge or skills for performing the duties and responsibilities as he/ she
may be required to perform during his/ her employment with the Company, especially
practical knowledge in dealing with IT Services and Social Media Marketing.
Accordingly, the Employee has requested the Company to provide the Employee with
requisite knowledge and training as the Company may deem fit, in order to prepare
the Employee for performing the duties and responsibilities as may be vested with
him/ her by the Company during his/ her employment with the Company.

2. The Employee acknowledges that the knowledge and training to be provided by the
Company will be highly instrumental and beneficial for his/ her career prospects on a
lifelong basis.

3. Pursuant to such request by the Employee, the Company hereby agrees to provide
knowledge and training to the Employee in the area of IT Services and Social Media
Marketing, and any other areas as may be determined by the Company from time to
time (“Training”).

4. The Employee acknowledges that the Company shall incur considerable expenditure
towards inter alia financial resources, operational resources, training, time by its
senior resources, infrastructure, etc., for imparting the Training to the Employee.

5. In consideration of the Cost of Training that the Company will incur for the providing
the Training to the Employee, the Employee hereby agrees to be in the employment of
the Company, for a period of at least one years from the date of joining mentioned in
the Employee’s appointment letter/ offer letter. Accordingly, the Employee agrees and
undertakes that he/ she shall not resign from his/ her employment with the Company,
or do any actions/ omissions which may give the Company sufficient reasons to
terminate the employment of the Employee, before the expiry of one years from the
date of joining mentioned in the Employee’s appointment letter/ offer letter. Company
reserve rights to terminate the services of employee any time without giving any prior
notice on violation of company’s policies and on performance issues.

6. The Employee agrees that he/ she will undergo the Training as per the schedule and
such terms and conditions as may be prescribed by the Company from time to time.
Further, the Employee agrees to always abide by the terms of his/ her employment
with the Company, including the applicable policies of the Company.

7. The Company offers Rs. 50,000/-(Rupees Fifty Thousand) as retention bonus to the
employee, subjected to completion of one year of successful services from the date of
his/her joining and achievement of 90% (average of twelve months) of agreed
performance targets, excluding of individual performance incentives. The employee
has accepted this offer herein.

8. The Employee agrees that from the date of execution of this Agreement, he/ she will
at no point of time, absent himself/ herself from the Training schedule and receive the
Training in full sincerity. Further, the Employee agrees that he/ she will effectively
apply the knowledge and skills gained from the Training for the benefit of the
Company.

9. The Employee agrees and undertakes that in case, he/ she commits breach of any of
the above conditions, or resigns from or leaves/ abandons the employment with the
Company, and/ or neglects in performance of any duty assigned to him/ her leading to
termination of his/ her employment with the Company, and also will not be eligible
for retention bonus of Rs. 50,000/-(Rupees Fifty Thousand). The employee will be
liable for the all loss which may be suffered by the Company pursuant to such breach,
resignation, abandonment or negligence, as the case may be.

10. The Employee agrees that assessment of Cost of Training and liquidated damages
assessed which may be suffered by the Company pursuant to the above and agrees to
forthwith pay such amount on demand made by the Company. Employee will be
liable to pay two months gross salary to the company if leave before completion of
one year from the date of his/her joining.

11. In the event the Employee neglects in his/ her performance of his duties towards the
Company while undergoing the Training, then the Company has complete authority to
initiate disciplinary proceedings against the Employee and in the event the
employment of the Employee are thus terminated, then the provisions of Clause 8
shall be applicable.

12. This Agreement shall be governed by, construed and interpreted solely in accordance
with the laws of India. Any proceedings arising out of or in connection with this
Agreement shall be brought only before the court of competent jurisdiction in Noida.

13. This Agreement is in continuation of the existing employment agreement/ offer letter
between the Employee and the Company. This Agreement may not be modified or
terminated, in whole or part, except in writing signed by an authorised representative
of the Company. Discharge of the obligations of the Employee under this Agreement
shall be an obligation of the executors, administrators, or other legal representatives or
assigns of the Employee if the employee does not abide by the Agreement.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the day and
the year above written.

For and on behalf of KPL Tech Solution Pvt. Ltd.

Mr. Vinay Kumar


(Director)

Employee Name……………..Father Name .


Permanent Address:
Whatsapp No…………. Email ID:
Witnesses
1.
2.

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