30th March 2022
Mr Avi Bhatia
Noida, Uttar Pradesh
Subject: Employment Offer for the Position of Consultant Overseas Education
Dear Avi,
We are delighted to offer you a position with Leverage Ed-Tech Private Limited (the “Company”) at our Noida Office as
an Consultant Overseas [Link] letter describes the basic terms of the offer subject to a mutual agreement on the
conditions stated below.
This offer stands contingent on a background check and validation of the information provided by you during the interview
or any other process related to your employment with the Company.
Employment Start Date & Probation
You are required to commence employment with the Company on Monday, April 12th, 2022 (the “Joining Date”) and
your initial location of work will be Noida. You will be on probation for a period of 3 (Three) months from the date of
your joining. Wherein the probation period may be either extended at the discretion of the management or maybe reduced
either earlier or on completion or thereafter till confirmation.
Your services are liable to be terminated without notice during the initial or extended period of probation. In case you
decide to leave the company during this period, you will have to give notice of 15 (Fifteen) days to the company.
Employment Benefits and Compensation
Your Fixed Annual CTC will be Rs. 8,40,000/- (Rupees Eight Lakh Forty Thousand Only) per annum. The Salary
Break- up is outlined in “Annexure- I” for your reference.
Leave/Holidays
You are entitled to Paid Casual Leave of 7 (Seven) working days. You are entitled to 7 (Seven) working days of Paid
Wellness Leave. You are also entitled to 15 (Fifteen) working days of Paid Earned Leave as per the Leave Policy of the
Company. The Company shall notify a list of declared holidays at the beginning of each year.
Employment Agreement, Confidentiality of Proprietary Information, and Non-Disclosure Agreement
The employee’s duties may be reasonably modified at the Company’s discretion from time to time. The employee will be
required to work full time with the Company and, during this employment, will not engage in any other business activity,
regardless of whether that activity is pursued for profit, gain, or any other monetary advantage. The employee is also
prohibited from investing in any other competing business. The employee will be required, during, and after the term of this
employment, not to reveal any confidential information or trade secrets to any person, firm, corporation, or entity. In case of
breach of this condition, the Company can take action against the employee, which may be disciplinary or legal in nature.
For a period of 6 (Six) months after the Termination of Employment with the Company, you shall not, directly or indirectly,
engage or get employed in a business similar to that of the Company. If in case, you discontinue your association with the
Company, you shall not directly or indirectly solicit or attempt in any manner to solicit, any business from any existing
customer/ client of the Company or employ, solicit, incite, canvass, or assist any person to employ, any person who is in the
employment of the Company.
If the terms stated above are acceptable to you, please return a signed copy of this document.
Conditions for Termination
Your appointment can be terminated by the Company, without any reason, by giving you not less than 30 (Thirty) days prior
notice in writing or salary in lieu thereof. You may terminate your employment with the Company, without any cause, by
giving no less than 30 (Thirty) days prior notice or salary for an unsaved period, left after adjustment of pending leaves, as
on date.
The Company shall be entitled to make policy declarations from time to time pertaining to matters like leave entitlement,
maternity leave, employees’ benefits, working hours, transfer policies, etc., and may alter the same from time to time at its
sole discretion. All such policy decisions of the Company shall be binding on you and shall override this Agreement to that
extent.
Documents required
On the day of your joining, please bring the following documents to help us get you onboard quickly.
1. Relieving certificate from the previous employer, if any
2. The Last three-month payslips received from the previous employer if any
3. 10th mark sheet, 12th mark sheet, Graduation mark sheet, Post-Graduation mark sheet, Additional Qualification documents
4. Three passport size photo
5. Identity Proof (PAN Card, DL, Passport, Aadhar Card, etc.)
If you have any queries or need assistance regarding your joining, please contact the Talent Excellence Team at
hr@[Link].
We are excited about the possibility of you joining us and look forward to a mutually beneficial working relationship.
Yours Sincerely,
For Leverage ED-Tech Private Limited
Saugata Sarkar
(Director- Talent Excellence)
Employee acceptance:
I accept employment with the Leverage ED-Tech Private Limited under the terms described in this letter:
Date: Place:
Signature:
Annexure- I
Cost to Company (Fixed- INR) 8,40,000
Component Annual Monthly
Basic 421,800 35,150
HRA 210,900 17,575
Special Allowance 185,700 15,475
Total Gross Salary 818,400 68,200
EPF 21,600 1,800
Variable performance based 300,000 25000
Cost to Company (Fixed + Variable) 1,140,000 95,000
*All payments are subject to applicable taxes and statutory deductions.
Yours Sincerely,
For Leverage ED-Tech Private Limited
Saugata Sarkar
(Director- Talent Excellence)
Employee Acceptance:
I accept employment with the Leverage ED-Tech Private Limited under the terms described in this letter.
Signature:
Date: Place: