AGREEMENT
The Articles of Agreement made and executed this 13th day of January 2014 BETWEEN
1. Shri Abhishek Chaudhary, S/o Anil Chaudhary aged about adult, Indi Indian an inha inhabi bita tant nt of E-70 Milano !ei"h#s, $i%lod road, Sura# 3!"00# $%&JA'AT( AN& Mr' Na(e Na(e o) E(%lo E(%loyee yee Address*. A"ed ++ ears, Male, )ccu*a )ccu*ati tion on Seri.e hereinafter called and referred to as Mr' Na(e o) E(%loyee or as +The E(%loyee E(%loyee as the context may reuire or *ermit
--- o) #he Se.ond $ar# Mr' Na(e Na(e o) E(%lo E(%loye yeee has &esi"na#ion o) A/ A/ ' ' A Mr' has been been or5 or5in ing g as &esi"na#ion nd e(%loyee in the 6om*any since + ebruary +007
A/ 'A 'A the m*loy m*loyer er felt felt it necessary necessary to enter enter into a ser7ic ser7icee bond of T1o ears $a**rox or till the successful com*letion of the 8robation *eriod hiche7er is later( later( ith effect effect from from the +nd ebruary +007 ith ith the m*loye m*loyeee in view of the cost incurred by the Employer in respect of process of selection, training, induction etc. A/ 'A the m*loyee has also agreed and underta5en to enter into a ser7ice bond for a *eriod of T1o T1o ears $A**rox( ith the 6om*any from +nd 2anuary +007 on the terms and conditions as stated and ex*ressed hereunder 9 ) T':)' T 8'T IT A/ IT I ';< =&T& =&T&A> A>>< >< A%' A%'/ / T) ;< A/ A/ ;T ;T T T 8A'T 8A'TI I ' 'T) T) A &/' 9 2. That That the m*loye m*loyeee agrees to ser7e ser7e ith ith and be em*loye em*loyed d in this 6om*any 6om*any,, or concern concern or associates associates to hich hich the m*loy m*loyee?s ee?s ser7ices ser7ices may may be transferr transferred ed by T1o ear earss $A**rox( this this 6om* 6om*an any y for for a *eri *eriod od of T1o $A**rox( from 0+/0+/+007 to 0+/0+/+003 on the terms and sub@ect to the conditions hereinafter contained.
3. The 6om*any 6om*any shall *ay follo folloing ing salary salary initially initially 9 Gie salary brake u%
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The above amount includes the retention cost of employee and considering retention cost the above salary is fixed jointly by both the parties . If the em*loyee com*letes training *robation *eriod successfully as decided by the com*any, then he ill be absorbed in a suitable grade as *er )rganisationBs rule.
4. If any time, during the Training 8robation 8eriod, the em*loyee does not sho the ex*ected *erformance or remains absent ithout *rior *ermission or misbeha7es, his ser7ice can be terminated by gi7ing )ne /ay?s otice or by making payment of one day in lieu of notice ". That the em*loyee shall be entitled to all the benefits andor amenities as may be a7ailable to the m*loyees of class em*loyed in the 6om*any from time to time during the *eriod of his ser7ices ith this 6om*any or ith the 6om*any or firm or concern or associates to hich his ser7ices may be transferred from time to time. C. That during the *eriod of his em*loyment, the m*loyee shall be bound to obser7e and abide by all terms and conditions and sti*ulations hereinafter contained as also by such other rules and regulations as may be framed by the 6om*any from time to time to be obser7ed by or to be a**licable to the m*loyees of his class. #. That during the *eriod of his em*loyment the m*loyee shall be *unctual in attendance and diligent in his or5 and the m*loyee shall de7ote all his or5ing time and the best of his abilities, exclusi7ely for the benefit of the 6om*any. The m*loyee further agrees to obey all orders of and carry out all duties entrusted to him from time by his enior )fficers. D. That it shall be com*etent to the 6om*any to transfer the ser7ices of the m*loyee to any other 6om*any or :irm or concern to hich the =anagement of this 6om*any deem it necessary or fit to transfer and in the e7ent of such other 6om*any or :irm or 6oncern and shall be entitled to the continuity of the ser7ices under these *resents and shall be entitled to all the amenities or benefits hich may be in force in such 6om*any, 6om*any or concern to hich his ser7ices may be transferred. The 6om*any hereby sti*ulates that in the e7ent of the transfer of the m*loyee to any other 6om*any or :irm or concern as aforesaid the emoluments to hich he is entitled by 7irtue of these *resents shall not in any ay or manner be reduced or alloed to suffer. All clauses herein shall a**ly +=utatis =utandis? and shall continue to remain binding on the m*loyee e7en in the e7ent of his transfer to other 6om*any or :irm or 6oncern, as if his *resent agreement as entered into such 6om*any or :irm or 6oncern. !. That the m*loyee hereby agrees and underta5es to safeguard and hold in trust all notes, noteboo5s, memorandums, *a*ers, draings, s5etches, diagrams, formulas, designs, boo5s, letters, lists, 6/s, /E/s, :lo**ies including those of or *ertaining to ra materials, finished *roducts, goodsin*rocess, names of
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su**liers, names of *urchasers, or dealers as also *rice lists of the 6om*any?s *roduct or of things in hich 6om*any may be dealing in, or may be contem*lating to deal in, and all other *a*ers and documents of hatsoe7er nature and 5ind that may ha7e come in *ossession of the m*loyee hile in the m*loyment of the 6om*any and not to hando7er the same to any unauthorised *erson or suffer or *ermit the same to be handed o7er to any unauthorised *erson and the m*loyee hereby underta5es to hando7er all such *a*ers or things abo7e said to enior )fficers hene7er called u*on to do so and the m*loyee further agrees not to ma5e co*ies of or to ta5e extracts from any *a*ers, documents etc., belonging to 6om*any for any *ur*ose other than those of the em*loyment in the 6om*any and further agrees not to carry any such *a*er, document or co*ies of extracts outside the *remises of the 6om*any and the m*loyee further agrees to deli7er u* all such *a*ers, documents etc., in his *ossession to his enior )fficers hene7er called u*on to do so and it shall not be com*etent for the m*loyee in such an e7entuality to ithhold any *a*ers or documents of hatsoe7er nature on the ground that they relate to his em*loyment directly or indirectly. 10. That in the e7ent of the m*loyee ma5ing any disco7ery or in7ention relating to the =anufacture, de7elo*ments or *rocessing of any *roduct that may ha7e been underta5en to be manufactured by the 6om*any or to be ex*erimented on, the same be the *ro*erty of the 6om*any, and in the e7ent of the 6om*any deciding to a**ly for any *atent or registered trade mar5 in connection thereith, the m*loyee shall @oin the 6om*any in all a**lications to the authorities concerned for obtaining and getting 7ested such *atent rights andor trademar5 rights in the same to and in fa7our of the 6om*any exclusi7ely. 11. That the m*loyees hereby ex*ressly agrees and underta5es that he shall not at any time during the *eriod of his em*loyment and for a *eriod of T1o ears after the termination of the m*loyment, for any reason hatsoe7er underta5e or carry on either long or in *artnershi* or in collaboration, nor to be em*loyed directly or indirectly in any ca*acity hatsoe7er in the &nion of India in any manufacture hich is of the same 5ind and nature as to business and manufacturing carries on by this 6om*any or any of its associate com*anies or firms or concerns to hich his ser7ices may be transferred, or in the manufacture of any *roducts, articles or things for hich this 6om*any or such )ther 6om*any or :irm or 6oncern to hich his ser7ices may be transferred or in the manufacture of any *roducts, articles or things for hich this 6om*any or such other 6om*any or :irm or 6oncern may ha7e ex*erimented in and or ha7e *re*ared designs for the manufacture of such *roducts or ha7e made *re*arations for the =anufacture of such *roducts irres*ecti7e of hether such *roducts actually been manufactured or not and during the said *eriod shall not lend his assistance for such manufacture etc., in any form or manner hatsoe7er hether as 6onsultant or Ad7isor or Actual manufacture or as em*loyee or in any other ca*acity or manner hatsoe7er.
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12. That the m*loyee has agreed and hereby agrees and underta5es that the m*loyee shall not at any time either during the course of his em*loyment ith this 6om*any, ith any of its associate 6om*anies or concerns to hich his ser7ices may be transferred or AT A< TI= T'A:T' di7ulge, dis*lace or ma5e 5non or suffer to be made 5non directly or indirectly any of the secrets *ertaining to the designs, formulas, *rocesses, s*ecifications or manufacturing details or material reuirements, material used or any of instruments, eui*ment, *roducts or articles or things hich this 6om*any or any of its associate com*anies of :irms or concern may ha7e underta5en to ex*eriment in or to manufacture fabricate, design or *rocess and hether the same is actually manufactured, designed, *rocessed, fabricated or ex*erimented in or not as also not di7ulge, disclose or communicate any information regarding the formulas, s*ecifications, technical or *atent information or +Fno o? or the use of any *rocesses materials, instruments, tools or other reuirements of the manufacture of the 7arious *roducts and other things manufactured, fabricated or *rocessed by the 6om*any or any of the other 6om*anies or concerns to hich the ser7ices of the m*loyee may be transferred 9 nor any of the secrets or 5noledge or information regarding the *lant facilities, machinery, eui*ment, )rganisation, *roduction lines or *roduction flo as also the method and *rocedure of *roduction or of the dealings of the firm, or of the others abo7e referred to and the em*loyee hereby agrees and underta5es to 5ee* all such information strictly confidential hich may ha7e been communicated to him in his ca*acity as +m*loyee? or during the course of his duties or the *eriod of his contract and irres*ecti7e hether such information or 5noledge came to be acuired by him as secret or not and not to di7ulge andor suffer the same to be di7ulged, made 5non to anyone exce*ting to a duly authorised officer of this 6om*any. 13. That if the m*loyee shall be guilty of any misconduct or commit any breach of the *ro7ision of this agreement or absent himself ithout any reasonable excuse or become inca*able of attending to his duties, it shall be laful for the 6om*any immediately to terminate the er7ices hereby created. 14. That in the e7ent of the m*loyee lea7ing the ser7ices of the 6om*any before the x*iry of the *eriod of the 6ontract, as also in the e7ent of the m*loyee ma5ing it obligatory or necessary or ex*edient on the *art of the 6om*any to terminate his ser7ices for any reason of whatsoever nature and for things mentioned in *aragra*h $11( and or $12( abo7e, the em*loyee shall be liable to *ay and shall *ay to the 6om*any or to any of the 6om*anies or concerns to hich his ser7ices may be transferred as sum eui7alent to T1ele Calendar Mon#hs 4Basi.5 *resent salary by ay of agreed liuidated damages and the m*loyee agrees to *ay the same ithout any *roof of actual damages suffered by the 6om*any or by the other 6om*anies or concerns concerned to hich his ser7ices may ha7e been transferred, being reuired to be *roduced and such *ayments shall alays be inde*endent of and not in lieu of any other com*ensation or damages that the m*loyees may ha7e rendered herself liable to *ay to 6om*any or any of the
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6om*anies or concerns as abo7e said, by reason of his ha7ing committed breach of any of the conditions herein before contained by reason of his ha7ing caused any damages or in@ury to the 6om*ing or concern to hich his ser7ices might ha7e been transferred, by his conduct or omissions hile in em*loyment, the m*loyee, further agrees that, the 6om*any shall ha7e lien on all amounts due to the m*loyees from the 6om*any in res*ect of the damages aforesaid and the 6om*any shall be entitled to exercise the same and to set the said amounts off against such damages ithout reference to the m*loyee. 1". That in the e7ent of the 6om*any desiring to terminate the ser7ices of the m*loyee at any time during the currency of this agreement ithout assigning any reason for such termination, the 6om*any shall be entitled to do so by *aying the m*loyee, a sum eui7alent to 6ne Mon#hs 4Basi.5 8resent alary than being dran by him in addition to hate7er may be due and *ayable to him in lieu of his lea7e earned, but not en@oyed and other accumulated benefits if anyG hoe7er in the e7ent of his ser7ices being terminated by the :irm at any time hen the unex*ired *eriod of the contract is less than six months, the em*loyee shall be entitled to the *ayment of salary of unex*ired *eriod only. In case of misconduct of misbeha7iour of an em*loyee, the ser7ices of the em*loyee can be terminated ithout notice or notice *ay as stated hereinabo7e. 1C. That in the e7ent of his lea7ing the ser7ices of the 6om*any at any time during the 6urrency of this Agreement he ill ha7e to gi7e )ne month?s notice to the 6om*any or 6ne Mon#hs 4Basi.5 8resent salary in lieu of notice, to the 6om*any. This is in addition to damages *ro7ided under clause o. 13 abo7e. 1#. In the e7ent of dis*ute regarding the terms and conditions and inter*retations of the abo7e clauses, the same shall be referred to the Arbitrator under Arbitration H 6onciliation Act 1!CC
I IT here of the 6om*any has set the signature of its authorised Eice 8resident )*erations hereto in the *resence of and the m*loyee has get his signature in his on hand hereunto on the +nd &ay o) ebruary +007'
ignature of /esignated *erson
WTNESSES*
ignature of m*loyee
WTNESSES*
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