Personal & Confidential
Offer Letter
23/1/2022
Dear Aashish Varshney,
We are pleased to offer you employment as Senior Product Specialist at our Coimbatore Office with a compensation
package CTC – Rs.2,64,000 (Two Lakh Sixty Four Thousand Rupees Only) Per Annum+ Incentive (based on target
achievement).
Your reporting manager is Dilip Chakkravarthy.
Your target will be decided by your reporting manager.
To help NowFloats meet its accelerated growth plan, we would appreciate your joining us on 6/2/2022 at
Coimbatore Office. Your work timings will be 9.30am onwards from Monday to Saturday.
You are requested to submit/execute the following documents/certificates at the time of joining:
One set photocopies of academic and employment certificates – 12th Class and graduationcertificate
Three latest passport size photographs
Photo ID Proof – like copy of Passport, Driving License, and Voters ID Card etc.
Address Proof – Current & Permanent
On the date of joining please report at NowFloats Technologies Pvt Ltd., ,No. 16, 3rd Floor Bharathi Colony Main Road,
Peelamedu,Coimbatore – 641004.
We welcome you to NowFloats family and look forward to a mutually beneficial and purposeful association.
Your acceptance of the offer should reach us at NowFloats (fun@nowfloats.com) within 48 hours of receiving the Offer
Letter, non-receipt of the same would be deemed as rejection and the offer shall stand cancelled.
Thabassum
Siddiqua, Human Resource,
NowFloats Technologies Pvt. Ltd
Terms and Conditions
Compensation NowFloats reserves the right to modify the compensation and incentives policies at any point of
time.
Transfer & Deputation
Your services can be transferred to other departments, locations, subsidiaries, sister companies or deputed to any client’ s
site, within or outside India based on the requirements of the organization or exigencies of w work from time to time.
Disobedience of such orders of the Company will be construed as grave misconduct and
may lead to punitive action.
Business Meetings
Employees must travel to other branches of NowFloats on any business meets, failed to which a strict action will be taken
against such employees.
Code of Business Conduct
You will be governed by the Code of Business Conduct and Non-Disclosure Agreement.
Shifts
Company reserves the right to run the shifts, change the shift timings, fix the criteria to attend in shifts within the applicable laws
based on its business needs and all its employees are bound by it.
Probation
You will be on probation for a period of Three Months from the date of joining and you shall continue to be on probation unless
confirmed in writing by the company.
Exclusivity
Your position is a whole time employment with the company and you shall devote yourself exclusively to the business of the
company. You shall not take up any other work for remuneration or work on advisory capacity or be interested directly or
indirectly in any other trade or business during the employment with the company without permission in writing from the
management. You shall not solicit any employment OR accept any employment OR join the employment with the
customer(s) and/or partners of NowFloats with whom you worked during the course of your employment or within 12
months from the time of leaving the employment with NowFloats.
Leave You will be governed by the NowFloats leave policy that is in force from time to time.
Medical Examination
The company reserves its right to have you undergo medical examination from time to time. The appointment, shall at all
times, be subject to a doctor, certifying you to be fit to carry out your duties.
Dress Code
The company dress code is:
Customer Facing (e.g. sales, alliances, partner management, etc.): Business formals on weekdays and business
semi-formals on Friday/Saturday.
Non-Customer Facing (e.g. Development, Product Management, Design, Online Marketing, RIA): Business casuals all week.
Business Formals Explained:
Gentlemen: To be dressed in full/half sleeved shirt, full trousers and proper shoes (any color).
Ladies: Sarees / Salwar Kameez / Business Suits
Employee’ s Signature
Performance Review
Your performance shall be reviewed periodically as per the Performance Management System (PMS) operational in
the company. Performance reviews may or m ay not cause compensation reviews.
Compensation Reviews
Compensation reviews shall be purely based on individual’ s profile, contributions, competencies, role, potential
to shoulder higher responsibilities and internal & external environment.
Compensation reviews are highly personal and confidential and hence, revealing or eliciting compensation details is
considered as impropriety and may lead to punitive action.
Financial or Nonfinancial Reviews
Financial or non-financial reviews like payment of ex-gratia, incentive, variable pay etc shall not be considered for the
employees who tender their resignation and serving the notice period.
Declarations & Information
This offer of employment is made based on the information furnished by you regarding your personal data, education
qualification and experience. If any information furnished by you is proved to be false or you willfully suppressed any
information, this employment is liable to be terminated.
Employee’ s Non-Disclosure agreement
You shall execute the Employee’ s Non-Disclosure Agreement as stipulated by the company at the time of joining duty.
Termination of Contract
Either party can terminate this contract of employment without giving any reasons thereof subject to applicable
clauses. Your employment will be terminated by the company and relieving letter will not be provided, in case you
decided to leave company between your probationary period.
In case you are terminated from your services due to any reason, then no compensation will be paid off for that particular
duration.
Further to that, in case of nonperformance for three continuous months, company will end your services without any prior
notice and compensation for that particular period will not bepaid.
Period of Notice for termination of contract of employment by the Employee.
You shall provide in writing minimum 30 days’ notice during the probation period or 60 days’ notice on confirmation to
terminate this contract of employment. The Company may at its sole discretion relieve you from such date even before the
expiry of the notice period by waiving the remainder of the notice period without any compensation or salary for such
remainder of the notice period.
Period of Notice for termination of contract of employment by the company
Company shall provide in writing minimum 15 days’ notice during the probation period or 60 days ’ notice on
confirmation to terminate this contract of employment. However, company reserves the right to pay basic salary in lieu of
the notice period and terminate the contract with immediate effect.
Recovery towards Shortfall of Period of Notice
You are required to give minimum period of notice in writing as per above clause. However, the Company reserves the right
to relieve you before the expiry of the notice period on payment or recovery, as the case may be, of proportionate basic
salary towards shortfall of period of notice.
Dismissal
Company reserves the right to dismiss you without any notice or payment in lieu of notice in the event of
misconduct which constitutes a breach of integrity under the Company’ s Code of Business Conduct.
Employee’ s
Voluntary Abandonment
Should you not report to duty for more than 7 consecutive days without prior sanction of leave from your superior, it is
construed that you have voluntarily abandoned the services of the company and your name shall be deleted from the muster
rolls thereof.
Surrender of Company assets
You need to surrender all the tangible assets of the Company, including the data and information in soft or hard form
which are in your possession by virtue of your employment before separation from the Company.
All the property (products/hardware) of the Company shall be returned in a good/usable condition before
being relieved by the Company, or legal action will be taken against you.
Travel
You will be required to undertake travel on Company’ s work and you will be paid travel expenses as per the
prevailing travel policy in the company.
Overseas Service Agreement
As the company will be spending substantial amount of time and money for your deputation / secondment abroad for
training/familiarization program / onsite implementation, you are required to execute a service agreement depending on the
duration of the stay abroad. This bond is applicable only for associates up to and including Level 7. (This agreement will,
inter alia, require (i) your commitment to complete the Project, and
(ii) your returning to India after completion of the Project and serving the Company for a stipulated period).
Contact information
You will keep the company informed of your postal address, telephone number, fax, email or any other means for
communication including changes that may occur during the period of your employment. Any communication sent to the
last informed address is deemed as served.
Jurisdiction
The appropriate courts situated in Ranga Reddy District, Andhra Pradesh shall alone have exclusive jurisdiction to try any
disputes arising out of this contract of employment.
Back Ground Verification
Acceptance of this offer also confirms your consent to IEL to carry out necessary back ground checks Education,
Previous Employment and felony records
Retirement
You shall retire from the services of the Company automatically on attaining the age of 60 years.
Changes in These Terms
Company reserves the right to amend certain terms and conditions of employment and /or policies from time to time to
cope with the changing business needs and environment which shall be communicated appropriately. Unless given specific
exemption, you shall be bound by these amended terms and conditions automatically.
Medical Insurance
As per the NowFloats policy, once the employee joins the organization, by default they will be enrolled in the medical
insurance plan for self. For the enrollment of the dependent, employee has to opt according to the plan mentioned in
NowFloats Employee Handbook and have to inform HR regarding the same within 5 days of joining.
ACCEPTANCE: I have read and fully understood the above terms and conditions and I accept the same without any
reservations.
02/06/2022
Date:
Place: coimbatore
Signatu
YES3XBJ9C29PZC9PI9TJ47
Kumaran
Party ID: R3Z8BPIG83EV3XH7TTHN3T
IP Address: 49.206.253.70
VERIFIED EMAIL: raja_kumaran03@yahoo.in
Multi-Factor
Digital Fingerprint Checksum 789f33787b12dc96b18225b9b16adc35c3bdc26a
Thabassum
Party ID: 22URTAIHBKZ4JZPRGUBX4Z IP
Address: 219.65.71.114
VERIFIED EMAIL: thabassum.siddiqua@nowfloats.com
Multi-Factor
Digital Fingerprint Checksum 7c99b79d2d89e02344f91e4e54ccd7c20ca5b5c5
Timestamp Audit
2017-02-05 21:21:54 -0800 All parties have signed document. Signed copies sent to: NowFloats HRDesk,
Kumaran, and Thabassum.
2017-02-05 21:21:54 -0800 Document signed by Kumaran (raja_kumaran03@yahoo.in) with drawn signature. -
49.206.253.70
2017-02-05 21:20:55 -0800 Document viewed by Kumaran (raja_kumaran03@yahoo.in). - 49.206.253.70
2017-01-24 05:51:03 -0800 Document signed by Thabassum (thabassum.siddiqua@nowfloats.com) withdrawn
signature. - 219.65.71.114
2017-01-24 05:50:23 -0800 Document viewed by Thabassum (thabassum.siddiqua@nowfloats.com). -
219.65.71.114
2017-01-24 05:47:45 -0800 Document created by NowFloats HR Desk (hrdesk@nowfloats.com). - 219.65.71.114
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