Fwd: Offer Confirmation - IDBI Bank

1 message

brij nandan tripathi <brij.tripathi331@gmail.com> Wed, 6 Mar, 2024 at 12:39 pm

---------- Forwarded message ---------

Dear Brij Nandan Tripathi,

We are pleased to offer you a position of Data Analyst with IDBI Bank (hereinafter referred as “Company). This offer of employment is for a
regular, full-time position based in Mumbai,. You will be reporting to Operation Manager.

Please note that the terms of employment detailed in this document and annexure are confidential. These contents should not be disclosed to
third parties without prior approval from the Company.

1. Compensation

Your CTC will be INR 1675000

a. Salary/Benefits: Your annual gross salary will be INR 1559950. Break-up of salary is attached in Annexure - A. During the term of your
employment, you will be entitled to the benefits provided by the applicable Indian labor and employment laws and you will be eligible to
participate in all of the Company’s employee benefits plans as such are adopted by the IDBI Bank. The Company shall reserve the right to modify,
amend or terminate any employee benefits at any time for any reason, without compensation for any such change or discontinuance. Any
expenses incurred by the candidate for training or certification during the interview process, based on the recommendation of the HR/technical
team, will be reimbursed or compensated by the company. This includes reimbursement along with the first month's salary.

2. Terms and Conditions of Employment

Your employment with us will be governed by the specific terms and conditions referred to in Annexure - B.

3. Commencement of Employment

You are required to commence employment on (date would be discussed after documents verification). This offer is not valid beyond the said
date unless the date is extended by the Company and communicated to you in writing.

4. Probation period

The employee has to undergo a probation evaluation for three months from the day of joining. Once the employee successfully completes the
probation period the employee status is confirmed to a full-time employee of the Company. The salary structure during the probation period is
mentioned in the Annexure – A.

5. Document Submission Requirements

You are requested to report on your date of commencement of employment (as mentioned in clause 3 above) to complete the joining
formalities. At the time of joining, you are requested to submit the documents as per Annexure - C.

6. Employment Invention Assignment Agreement

You will be required to execute and be bound by an Employment Invention Assignment Agreement given to you as in Annexure - D. The
Employment Invention Assignment Agreement shall coexist with this Employment Agreement.

7. Entire Agreement

This letter agreement (together with the agreements and annexures referred to herein) supersedes any prior agreements, representations or
promises of any kind, whether written, oral, express or implied between you and the Company with respect to the subject matters herein. This
letter (together with the agreements and annexures referred to herein) may not be modified or amended except by a written agreement, signed
by the Company and by you.

To indicate your agreement with all terms and your acceptance of this offer, please sign the duplicate copy of the offer on all sheets at the
bottom on the right corner and return the same to IDBI Bank. Also, please provide the date you will commence employment with IDBI Bank. Once
you accept this offer and join the Company, this letter will serve as your formal Appointment Order.
We welcome you to IDBI Bank and look forward to a mutually rewarding association.

For IDBI Bank

________________________________________________

Signature (Name) Date

IDBI Bank

Acceptance of Offer

I have read and accept this offer of employment.

________________________________________________

Signature (Name)

___________________

Date

ANNEXURE - A

Salary Structure

Particulars

INR Per Annum

Basic Salary - ₹1559950

House Rent Allowance - ₹73700

Special Allowance - ₹38350

Bonus - ₹3000

Leave Travel Allowance - ₹

Commission - ₹

TOTAL - ₹1675000

For IDBI Bank

IDBI Bank Limited

________________________________________________

Signature (Name)

ANNEXURE - B

TERMS AND CONDITIONS OF EMPLOYMENT

1. Term of Employment

Subject to Clauses 3 and 4 below, the term of your employment with IDBI Bank is intended to be for indefinite period subject to termination
pursuant to the terms of this Agreement and the requirements of applicable Indian laws.

2. Outside activities/[Conflicts]

This position is for a full-time employment with IDBI Bank and you shall exclusively devote yourself to the business of the company. You shall
not take on any other work for remuneration (part-time or otherwise) or work in an advisory capacity, or be interested directly or indirectly
(except as shareholders or debenture holders) in any other trade or business, during your term of employment with IDBI Bank, without written
permission from IDBI Bank. Similarly, you agree not to bring any third party confidential information to IDBI Bank, including that of your former
employer, and that in performing your duties for the IDBI Bank, you will not in any way utilize any such information, other than in the manner that
may be directed by IDBI Bank while releasing such information.
You will be liable to be transferred in such capacity that the Company may determine, to any other department, branch, manufacturing unit or
establishment under the same management or same principals, whether existing or to be set up in future. In addition, the Company reserves the
right to assign you to other such units or companies as may be determined from time to time.

3. Termination

a) During the term of your employment, should you desire to leave the services of IDBI Bank, you shall be required to give 30 days’ notice or
salary in lieu thereof. The company may, at its discretion, relieve you before the expiry of notice period without compensating for the remaining
notice period.

b) IDBI Bank shall be entitled to terminate your employment without cause at any time by giving you 90 days notice or salary in lieu thereof.

c) Notwithstanding anything mentioned in this Agreement, IDBI Bank may terminate your employment, with immediate effect by a notice in
writing (without salary in lieu of notice), in the event of your misconduct, including but not limited to, fraudulent, dishonest or undisciplined
conduct of, or breach of integrity, or embezzlement, or misappropriation or misuse by you of IDBI Bank’s property, or insubordination or failure to
comply with the directions given to you by persons so authorized, or your insolvency or conviction for any offence involving moral turpitude, or
breach by you of any terms of this Agreement or IDBI Bank or other documents or directions of IDBI Bank, or irregularity in attendance, or your
unauthorized absence from the place of work (or remote check in in case of work from home) for more than five (5) working days, or closure of
the business of IDBI Bank, or redundancy of your post in IDBI Bank, or upon you conducting yourself in a manner which is regarded by IDBI Bank
as prejudicial to its own interests or to the interests of its clients and/or customers.

d) Notwithstanding anything aforesaid, termination by you shall be subject to the satisfactory completion of all your existing duties, obligations
and projects etc.

e) During the notice period, Company will continue to pay its share of insurance premiums, if applicable.

f) On acceptance of the resignation notice, you will be required to immediately give up to the company all correspondences, specifications,
formulae, books, documents, market data, literature, drawings, effects or records, et al belonging to the company or relating to its business and
shall not make or retain any copies of these items.

4. Holidays / Leave

General Holidays will be declared at the beginning of the Calendar year and all full-time employees are entitled to this benefit. You may be called
upon to attend duties as and when required on holidays, as may be scheduled in accordance with the needs of the Company. You will be entitled
to vacation and sick leave as per the company's Paid Leave policy. Casual leave without notice will be considered as Leave against Loss-of-pay.
Additional leave will be against Loss-of-Pay. Medical Leave has to be authenticated with Medical Report and is at the discretion of the
Management.

5. Disclosure of Information

During the term of your employment with IDBI Bank, you are required to disclose all material and relevant information, which may either affect
your employment with IDBI Bank currently or in the future or may be in conflict with the terms of your employment with IDBI Bank, either directly
or indirectly, including but not limited to any and all agreements relating to your current or prior employment that may affect your eligibility to be
employed by IDBI Bank or limit the manner in which you may be employed. It is IDBI Bank’s understanding that any such agreements or
information will not prevent you from performing the duties of your position and you represent that such is the case. If at any time during your
employment, IDBI Bank becomes aware that you have suppressed any material or relevant information required to be disclosed by you, IDBI
Bank reserves the right to forthwith terminate your employment without any notice and without any obligation or liability to pay any remuneration
or other dues to you irrespective of the period that you may have been employed by IDBI Bank

Any change in your personal information including residential address, marital status and educational qualification should be notified to IDBI
Bank in writing within three (3) days from the start of such change.

Any notice required to be given to you shall be deemed to have been duly and properly given if delivered to you personally or sent by post to you
at your address as recorded in IDBI Bank’s records.

6. Adherence to Company Policy

You agree to conform to and comply with IDBI Bank’s Policies and such directions and orders as may from time to time be given by IDBI Bank.

7. Travel

You will be posted in Mumbai,. But, you may be required to make visits and travel both within India and overseas, as necessary for the proper
discharge of your duties.

8. Non-Solicitation

You agree that during and upon termination of your employment and for one year thereafter, you shall not in any manner either directly or
indirectly solicit or entice the other employees or customers of IDBI Bank to join or enter into transactions, as the case may be with either you
directly or indirectly or with other entities which are in direct or indirect competition with IDBI Bank.

9. Assignment

This Agreement is personal to you and will not be assigned by you. IDBI Bank will have the right to assign this letter of offer to its parent,
subsidiaries, subdivisions, affiliates, successors and assigns, and all covenants and agreements herein will inure to the benefit of and be
enforceable as such.

10. Arbitration
You agree that the interpretation and enforcement of this Agreement shall be governed by the laws of India and all disputes under this
Agreement shall be governed by the provisions of the Indian Arbitration and Conciliation Act, 1996. The venue for arbitration will be .

This is to certify that I have read this Agreement and all Annexure and understood all the terms and conditions mentioned therein and I hereby
accept and agree to abide by them.

__________________________

Signature of Employee & Date:

ANNEXURE - C

At the time of joining, you are requested to submit the copies of the following documents (as applicable):

1. Certificates supporting your educational qualifications along with mark sheets (10+12+ Graduation + Post Graduation + Course Certifications)

2. Your latest salary slip from last employer and salary certificate

3. Your relieving letter from your last employer

4. Experience Certificates from all previous employers

5. Updated resume

6. Form 16 or Taxable Income Statement duly certified by previous employer (Statement showing deductions & Taxable Income with break-up)

7. Four Passport Size color photograph.

8. Valid Passport and Work Permit in case of foreign citizens

9. Proof of Age

10. Proof of Address

11. Copy of PAN Card

Please carry all the originals for validation.

Best Regards,
IDBI Bank Limited
Human Resources Department,
IDBI Towers,
WTC Complex, Cuffe Parade,
Mumbai – 400 005