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Dinesh has been offered a position as an Admissions Counselor - Study Abroad at upGrad Education Private Limited. The offer letter outlines the details of the position including compensation of Rs. 8 lakh total CTC, location based in Noida, India, expected start date of June 12th, 2023 and probation period of 6 months. Dinesh is asked to confirm acceptance of the offer by signing and returning a copy of the letter.

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447 views

Upgard

Dinesh has been offered a position as an Admissions Counselor - Study Abroad at upGrad Education Private Limited. The offer letter outlines the details of the position including compensation of Rs. 8 lakh total CTC, location based in Noida, India, expected start date of June 12th, 2023 and probation period of 6 months. Dinesh is asked to confirm acceptance of the offer by signing and returning a copy of the letter.

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Training & Placements
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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07-03-2023

Dear DINESH,

Congratulations! It is our pleasure to offer you the position of Admissions Counselor - Study
Abroad (Sales) at Grade G1 with upGrad Education Private Limited.

upGrad is committed to building the careers of tomorrow by delivering the best learning
experience at scale. In this journey, our people are our greatest assets and we expect every
upGrad team member to adhere to our core values
of Accountability, Speed, Passion, Integrity, Respect, and Excellence (ASPIRE).

Please find the specifics of your offer below:

1. Your employment will be governed by upGrad Education Employment Agreement


("upGrad").
2. You will be based at our 91 Springboard,Noida, Uttar Pradesh, India Office. upGrad
reserves the right to change the location based on the business requirement. You will be
a given prior notice period of one (1) week before such a change.
3. The standard work days would be for 6 days in a week on a rotational basis. Also
depending on your deliverables, you will be required to manage your work hours/days to
achieve your goals for the defined periods. The work timings may extend beyond the
specified hours based on the Company’s requirement. The company reserves the right to
change workdays and hours of work at any time and as per exigencies of work.
4. Compensation:
i) Fixed component of CTC will be INR 4,00,000. This will be disbursed to you as per
company’s current standard compensation plan (Annexure I attached).
ii) Over and above the fixed Compensation, you shall be eligible for performance-based
incentive upto INR 400000  per annum on achieving specific targets, which will be
paid as per the "Sales Incentive Plan". You may be eligible for additional incentives
subject to your out-performance which is confirmed by the Company. The details of
the Sales Incentive plan will be available on the common folder shared by HR. The
actual payout of the incentive may vary depending on a number of factors, including
but not limited to Company and/or individual performance, management discretion
and the terms and conditions of the applicable Sales Incentive plan.
5. You are expected to join us on 12-06-2023. In case of any change in the date of joining, it
will be communicated over an email to you and/or your Training & Placement Officer, one
week prior to the week of joining. 
6. You will be on a probationary review during the first six (6) months of your employment
with the Company (“Probation Period”). Confirmation of your employment is contingent
upon your successful completion of the Probation Period.
7. At the discretion of the company, you will be eligible for an appraisal and annual variable
payout only if your date of joining is on or before 30 th September of the current financial
year. Further, your variable payout would be paid out in the next financial year on a pro-
rata basis if your date of joining falls after 30th September of the current financial year.
8. Nothing in this agreement, shall restrain upGrad from rescinding this offer letter due to
business decisions before the date of joining.
9. You will be required to submit to our HR a set of documents. (As detailed in Annexure II)
at the time of joining.
10. You will be required to submit the Education Degree Certificate or a Provisional
Certificate from your College/University within six (6) months of your date of joining
(“Education Certificate Submission Period”). If you have not received the Education
Degree Certificate or a Provisional Certificate within the above stipulated time, you will
have to submit a written undertaking from the College within one (1) month of expiry of
the Education Certificate Submission Period, that you have appeared for the final
examination and are awaiting results. Failing to provide the required documents might
result in extension of your probation period or termination of your employment on
immediate basis at the discretion of upGrad.
11. By accepting this Offer Letter, you confirm that no examination of yours are scheduled
within the first 90 days of the month of joining and you will not be requiring any leave
during this period for the purpose of examination.
12. Post the above 90 days period, you will be eligible for the unpaid leaves for final
examination only if approved by your manager in advance and if such leave application is
not in contravention of the below condition:
13. Leave for examination purpose can be availed only for the following days:
i) 2 days prior to the first exam
ii) 1 day leave after the last day of the exam
iii) Maximum of 20 days’ leave; provided the exam schedule is stretched to these many
days
iv) This offer letter is non-binding on either party till the execution of the employment
agreement.
v) This Offer is subject to Successful background verification.

Please confirm acceptance of this letter by signing and returning a copy. We would like to take
this opportunity to welcome you to the upGrad family and look forward to have a long and
mutually beneficial relationship.

With Kind Regards,

For upGrad Education Private Limited Received & Accepted

Saurabh Deep Singla                                         DINESH PARSAD            


Chief Human Resources Officer   (Signature)
Annexure-I

Name: DINESH PARSAD
Department: Sales
Designation: Admissions Counselor - Study Abroad
Grade: G1
Location: 91 Springboard,Noida, Uttar Pradesh, India

SALARY COMPUTATION

Components Per Annum Per Month


Basic 1,40,000 11,667
HRA 70,000 5,833
Special Allowance 1,68,400 14,033
Gross Earning 3,78,400 31,533
PF (Employer's 21,600 1,800
Contribution)
Fixed CTC 4,00,000 33,333
Incentive Annual 4,00,000

Total CTC 8,00,000 66,667

Note:

1. Term insurance of 10 lakhs, if the fixed CTC is below 7 lakhs. Term insurance of 20 lakhs, if
the fixed CTC is 7 lakhs or above.
2. Mediclaim coverage of Rs. 5,00,000 for Self + Spouse + 2 Kids.
3. Group Personal Accident Insurance of Rs. 10,00,000.
4. The reimbursements will be subject to submission of Bills.
5. Failing to submit the bills for reimbursement, amount is still receivable but as a taxable
component.
6. Tax will be deducted as per applicable slab rates.
7. The company would have the right to amend the salary breakup at any point of time – in line
with its policies or governing regulations.
8. Your Compensation is subject to review, at the sole discretion of the Company, in accordance
with Company’s policies amended from time to time.
9. The Compensation review disbursement, if applicable, shall be determined and processed as
per the company's policy.

Annexure-II

Documents Required

1. Proof of Age and Current Address (Passport / Ration Card / Driving License / Voter’s Id /
Aadhar Card, Leave and License Agreement, Telephone / Electricity Bill).
2. Permanent Account No. (PAN) / Copy of PAN application (in case PAN is not available).
3. Aadhar Card / Copy of Aadhar application (in case Aadhar is not available).
4. Education Documents (Graduation/Diploma Certificates/NOC and Mark Sheets).
5. Previous Employer’s Resignation Acceptance or Relieving/Experience/Service Certificate for
candidates with prior experience (if applicable).
6. Four (4) passport size colored photographs.

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