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Employment Agreement (Anisha)

This document is an employment agreement between Tek Cube Pvt Ltd and an employee. It outlines the terms of employment such as: - A 2 year lock-in period and 3 month probationary period for interns, and a 1 year lock-in period and 3 month probation for experienced hires. - Payment of a monthly salary, quarterly bonuses, and reimbursement of expenses. - Expectations around working hours, leaves, conduct, and handling of company devices and data. - Ownership of intellectual property developed by the employee and obligations of confidentiality. - Grounds and notice periods for termination of employment by either party.

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0% found this document useful (0 votes)
344 views14 pages

Employment Agreement (Anisha)

This document is an employment agreement between Tek Cube Pvt Ltd and an employee. It outlines the terms of employment such as: - A 2 year lock-in period and 3 month probationary period for interns, and a 1 year lock-in period and 3 month probation for experienced hires. - Payment of a monthly salary, quarterly bonuses, and reimbursement of expenses. - Expectations around working hours, leaves, conduct, and handling of company devices and data. - Ownership of intellectual property developed by the employee and obligations of confidentiality. - Grounds and notice periods for termination of employment by either party.

Uploaded by

Monsters vlogs
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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EMPLOYMENT AGREEMENT

This Employment Agreement (hereinafter referred to as “Agreement”) is made on


________ days of _______ 2022(hereinafter referred to as “ Effective Date”) by
and between TEK CUBE PVT LTD (hereinafter referred to as “Employer”) having
registered office at 1-2-288/52, 302,303 Tulasi Homes, Domalguda
Himayathnagar, Hyderabad-29. AND _______________ (hereinafter referred to as
“Employee” residing at ___________________.

Company and the Employee are each referred to herein as “Party” and
collectively as “Parties”.

DESCRIPTION ABOUT THE COMPANY

WeSecureApp is a new age cyber security company with its headquarters in Texas, USA and
offshore centers in Hyderabad and Mumbai, India. Having started the journey as an App
security company, we have moved up the value chain of being addressed as one of the most
promising Enterprise Security Companies in the last five years.

WHEREAS

a. Parties wish to evidence their contract in writing.


b. The Parties wish to evidence Their Contact in writing.
c. The Parties are duly authorized and have the capacity to enter into and
perform this contract.
d. The Parties affirm to understand all of the provisions contained in this
agreement, and in case either party requires clarification as to one or more
of the provisions contained herein, the said party has requested
clarification or otherwise south legal guidance.

1. DEFENITION
a. “Lock-In” means the period before the expiry of which an employee
cannot terminate his employment. If the employee leaves the Employer
before the expiry of the lock-in period, he is liable to pay damage to the
Employer.
b. “Probation Period” means the trial period that you serve as a new
employee in an organization.
c. “WFH” means Work from home in which employees work from home by
using a dedicated laptop/pc connected to the internet and business
application to collaborate and communicate with their team members.

2. TERM
a. The Present agreement shall come into force on the Effective Date
hereof and shall be in force
(I) For Interns: 2 years lock-in and 3 months Probationary period
after full employment.
(II) For Experience- 1-year lock-in period and 3 months probation
period.

The agreement shall be terminated by either party as per the provision


of the present agreement.

3. SCOPE
a. The scope of the present agreement is that the Employer hereby employs
the Employee and the Employee hereby accepts employment with the
Employer. Employee shall perform a task which is assigned by the
Employer

4. DUTIES AND RESPONSIBILITY


a. Employee’s job description and general responsibilities shall include
such further duties and responsibilities as the Employer may delegate to
the Employee from time to time.

b. Employee shall perform all such duties as may be delegated to the

Employee by the Employer & comply with all such directions as the
Officers of the Employer and/or his/her nominated deputies may from

time to time assign or give the Employee.


c. Employee shall, at all times, accomplish its duties at the utmost
performance and compliance.
d. The Employee shall comply with and be bound by the Employer’s
operating policies, by-laws, procedure, and practice from time to time in
effect during his employment.

5. COMPENSATION
a. The Employee shall be paid the salary of ____________
b. The amount of salary/remuneration shall be paid by the employer on
the 1st week of every month.
c. The employer shall pay the remuneration after calculating the
remuneration based on experience and depending on the market
standard
d. Employer shall Pay the bonus to the employee every quarter.
e. Employer shall give Incentives, and gift coupons to Employee, but it shall
be based on the employee's work performance.
f. Employer shall review the work of Employee on a quarterly basis.
g. The salary shall be paid in a bank account.

6. EXPENSES
a. The Employer may pay or refund or procure to paid or refund to
Employee _________ in arrears all reasonable expenses necessarily
incurred by the Employee wholly in the proper performance of the
Employee’s duties, subject to production by an employee of such
evidence of the Expenses as the employer may reasonably require. The
employee can claim the expenses by filling expenses claim form.

7. WORKING PLACE
a. Employee in present shall perform the work from Home (WFH).
b. The timings of work shall be 9 hours. However, the Employee might be
asked to work for longer as shall be required as per the requirements
of the project.
8. LEAVES AND HOLIDAYS
a. The Employee shall be eligible for paid leaves and holidays from DOJ

9. PROFESSIONAL CONDUCT
a. The Employee shall at all times conduct itself in a professional manner
and shall comply with all rules and regulations laid down by the
Employer. It should also refrain from any conduct or activity that
would tend to disparage the Employee.

10. DATA PROTECTION


a. The Employee consent to the Employer Holding and processing both
electronically and manually the data it collects which relates to the
Employee for the purpose of the administration and management of
its employees and its business and for compliance with applicable
procedure, laws, and regulations. The Employee also consents to the
transfer of such personal information to other offices the Employer
may have or to a group company or to other third parties whether
or not outside India for administration purposes and other purposes
in connection with the Employee’s employment where it is
necessary or desirable for the employer to do so.

11. DEVICE PROTECTION


a. During the term of this agreement the employer may provide the
employee with a mobile and laptop, for use in connection with the
employee’s duties hereunder, pursuant to the employer’s policy,
as adopted, as may be amended from time to time by the
Employee. The Employer shall bear all expenses relating to the
Employee’s use and maintenance of the devices attributed to the
Employee.
12. EMPLOYEE’S OBLIGATIONS
a. The Employee shall not commit any act that would entail

conviction of the same in a final judgment by the

competent court in a crime of honor, honesty, or public

ethics.

b. The Employee shall not work for third Parties even during

his leaves.

c. The Employee shall maintain works tools and properties. In

addition, the Employee shall not, for his own use, keep

work documents except to the extent permitted by the

Employer or as required to carry out the job

responsibilities.

d. The specific duty of the Employee is mentioned in “

Annexure A” attached to the present Agreement.

e. Any devices which shall be allotted to the employee by the

employer.The employee can not transfer the data of the

devices in any other devices without prior written

permission from the employer.


13. INTELLECTUAL PROPERTY
a. If at any time during the course of Employee’s

employment under this Agreement Employee makes

or discovers or participates in the making or

discovery of any Intellectual Property directly or

indirectly relating to or capable of being used by the

Employer, full details of the Intellectual Property shall

immediately be disclosed in writing by Employee to

the Employer and the Intellectual Property shall be

the absolute property of the Employer. At the request

and expense of the Employer, the Employee shall give

and supply all such information, data, drawings, and

assistance as may be necessary or in the opinion of

the Employer desirable to enable the Employer to

exploit the Intellectual Property to the best advantage

(as decided by the Employer). Employee shall execute

all documents and do all things which may, in the

opinion of the Employer, be necessary or desirable for

obtaining patent or other protection for the

Intellectual Property and for vesting the same in the


Employer, as the Employer may direct.

14. CONFIDENTIALITY

a. As confidential information will from time to time become known

to Employees the employer considers and the employee agrees

that, the restraints set forth in this agreement are necessary for

the reasonable protection by the Employer of its business or the

business of the group, the clients thereof or their respective

affairs. The employee shall considered all the work performed by

it for the

Employer as confidential.

b. Employee acknowledges and agrees that, due to the unique nature


of Confidential Information, there can be no adequate remedy at
law for breach of this Agreement and that such breach would cause
irreparable harm to the Disclosing Party. The Disclosing Party shall
thus be entitled to seek immediate injunctive relief, in addition to
whatever other remedies it might have at law or in equity, in the
event of an actual or threatened breach of this Agreement by the
Employee.
c. The obligation under this clause shall survive the termination or
expiration of this agreement for the period of ______ years post the
termination or expiration of the present
15. TERMINATION

a. Either Party may terminate this Employment agreement by

giving to other a minimum of 2 months’ written notice.

b. Employer shall terminate this agreement on the basis of

Reporting manager examining the performance of the

employee and it shall also terminate this agreement on basis

of HR-based disciplinary complaints filed against the

employee.

c. The contract can be terminated by the company when the

employee is acting in breach of terms of the agreement.

d. The Agreement can be terminated by the order of a

competent court or commission.

e. The agreement can be terminated with mutual consent of the

parties provided the consent of the parties is free and willful.

16. NON-SOLICITATION

a. Employee shall not during the immediate _______ year

period after the date of termination or expiry of this

agreement or cessation of Employee employment, solicit or

entice or endeavor to solicit or to entice or assist any other

person, whether by means of supply of names or expressing


views on suitability or by any other means whatsoever to

solicit oe entice away from the Company any employee,

client, vendor or business associate of the Company.

17. GOVERNING LAW AND JURISDICTION

a. The present agreement shall be governed under the

Information Technology Act (2000)

b. The Parties shall submit themselves to the exclusive jurisdiction of

Hyderabad Courts.

18. DISPUTE RESOLUTION

a. Firstly if any of the dispute arises between the employees then

concern shall be raised to manager and then to HR through email

and they shall resolve the issue within 7 working days.

b. The parties agree that any dispute arising out of or in

connection with this Agreement, including any question

regarding the existence, validity or termination of this

Agreement, shall be referred to and finally resolved by

arbitration in _______________.

c. Any dispute regarding the present agreement shall be solved

through arbitration. An arbitrator shall be appointed by with


the mutual consent of both the parties or by an order of

competent court.

19. NON-COMPETITION
The Employee covenants and agrees that during the term of this

agreement with the Company and for a period of ______ year after

the termination thereof, regardless of the reason for the termination,

Employee shall not, directly or indirectly, on behalf of any

Competitive

Business perform the same or substantially the same services.

20. INDEMNIFICATION

a. Employer shall indemnify the employee and defend and hold

each of them harmless, from and against any and all claims,

lawsuits, damages, liabilities, penalties, costs and expenses

against asset recovery or against any company property

damages from the employee

21. WAIVER

a. A waiver of any breach of this agreement or of any of the terms

or conditions by either party thereto, shall not be deemed a

waiver of any repetition of such breach or in any wise affect


any other terms or conditions hereof; no waiver shall be valid

or binding unless it shall be in writing, and signed by the

parties.

22. SEVERABILITY

a. If any clause or section of the present agreement is found to

be unenforceable or unlawful, the rest of the provision shall

continue to be in force unless the arbitrator or competent

courts order otherwise.

23. FORCE MAJEURE

a. In the event that either party is unable to perform any of its

obligations under this Agreement or to enjoy any of its

benefits because of any Act of God, strike, fire, flood,

governmental acts, orders or restrictions, Internet system

unavailability, system malfunctions or any other reason

where failure to perform is beyond the reasonable control

and not caused by the negligence of the non-performing

party (a “Force Majeure Event”), the party who has been so

affected shall give notice immediately to the other party and

shall use its reasonable best efforts to resume performance.

Failure to meet due dates resulting from a Force Majeure


Event shall extend such due dates for a reasonable period.

24. ASSIGNMENT
a. The Employee shall have no right to (a) assign this

Agreement, by operation of law or otherwise; or (b) sub

Agreement or otherwise delegate the performance of the

services without the Employer prior written consent. Any

such purported assignment shall be void.

25.MODIFICATION

a. Any modification or amendment in the present agreement

shall be done only by the written consent of both the

parties.

26. DECLARATION

The parties hereby understand and expressly agree to the

provisions laid down in the present agreement and in good faith,

undertake that both parties shall follow the terms of this

agreement in good conscience in order to secure better growth of

both the Parties.

IN WITNESS WHEREOF, the parties, intending to be legally bound,

have each executed this agreement as of the effective date.


NAME OF THE EMPLOYER NAME OF THE EMPLOYEE

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