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Offer Letter Far Eye

The document is an appointment letter confirming Rahul Tiwari's appointment as SDE 2 at Fareye Technologies Pvt. Ltd. in Noida. It outlines the terms of the appointment including definitions, interpretation, confidentiality obligations and intellectual property rights.

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RAHUL TIWARI
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0% found this document useful (0 votes)
144 views14 pages

Offer Letter Far Eye

The document is an appointment letter confirming Rahul Tiwari's appointment as SDE 2 at Fareye Technologies Pvt. Ltd. in Noida. It outlines the terms of the appointment including definitions, interpretation, confidentiality obligations and intellectual property rights.

Uploaded by

RAHUL TIWARI
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

Date: April 2, 2022

Appointment Letter

Rahul Tiwari
Village - Pratapepur Post - Mijhaura,
Ambedkar Nagar,Uttar Pradesh-224152

This is to confirm that you (“Employee”) are appointed with Fareye Technologies Pvt. Ltd, a
private company incorporated under the Companies Act, 1956 and having its registered office at
C-585, Basement #Z-93, Defence Colony, New Delhi- 110024, India, as a “SDE 2” at our
“Noida” office. Your joining date as per our records is “March 30, 2022”. This employment is
as per the terms of contract offer of employment letter dated “March 7, 2022” agreed between
us.

1. Interpretation

a. Definitions

In this Appointment Letter, including in the Recitals, the following expressions shall
have the following meanings:

a) Act means the Companies Act, 2013 and the applicable provisions of the
Companies Act, 1956, and any amendments made thereto and any statutory
modification or re-enactment thereof;

b) Affiliate means, in relation to any Person, any entity controlled, directly or


indirectly, by that Person, any entity that controls, directly or indirectly, that
Person, or any entity under common control with that Person or, in the case
of a natural person, any Relative (as such term is defined in the Act) of such
Person. For the purpose of this definition:
i. control means the power to direct the management and policies of an
entity whether through the ownership of voting capital, by contract
or otherwise, and
ii. A holding or subsidiary company of any entity shall be deemed to be
an Affiliate of that entity.
c) Appointment Letter means this letter together with its Schedules and
Appendices;

d) Board means the board of directors of the Company, or any duly appointed
committee of the Company;

e) Business means business of providing machine learning based predictive


logistics platform for enterprises to execute, track, collaborate, predict and
optimize the movement of goods and such other business as may be
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

undertaken from time to time and such other business as may be undertaken
from time to time;

f) Company shall mean Fareye Technologies Private Limited, a company


incorporated under the Companies Act, 1956 and having its registered office
at C-585, Basement #Z-93, Defence Colony, New Delhi- 110024, India;

g) Confidential Information includes but is not limited to information which


is or fairly can be considered to be of a confidential nature, which is obtained
whether (without limitation) in graphic, written, electronic or machine
readable form on any media, by the Employee; and whether or not the
information is expressly stated to be confidential or marked as such, in
writing (provided that the confidentiality of such information is reasonably
apparent), and also includes all Intellectual Property (as defined below) and
the following items (without limitation):

i. Information of value or significance to the Company, its subsidiaries,


divisions, Affiliates, customers or its competitors (present or
potential) such as:
a. Customer data, in particular, key contact names, addresses,
business model, sales figures and sales conditions of the
Company and its past, present or prospective clients;
b.Business data, particularly data relating to new investment
opportunities, products, services, promotion campaigns,
distribution strategies, license agreements and joint ventures
in which the Company is involved;
c. Software data, particularly information relating to the
software and the modules thereof as well as any devices
designed by the Company to prevent unauthorized copying;
d.Financial data, in particular, concerning budgets, the fees and
revenue calculations, sales figures, financial statements,
profit expectations and inventories of the Company or of its
subsidiaries, divisions, Affiliates, and customers;
e. Know-how and trade secrets relating to the processes
engaged in by the Company; and
f. Any and all other information or materials or documents of a
commercially sensitive nature relating to the Company's
and/or its Affiliates operations, research, plans, strategies,
objectives, development, purchasing, marketing, and selling
activities.

(ii) Original information supplied by the Company;

(iii) Information not known to the competitors of the Company nor


intended by the Company for general dissemination, including but not
limited to, policies, strategies, the identity of various product-suppliers or
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

service-providers, business models, investment strategies, billing schedules,


needs of its clients, information as to the profitability of specific accounts,
and information about the Company itself and its executives, officers,
directors and employees;

(iv) Any business or technical information relating to the Company,


including but not limited to financial information, equipment,
documentation, strategies, marketing plans, prospective leads or target
accounts, pricing information, information relating to existing, previous and
potential customers and contracts disclosed by the Company or its clients to
the Employee;

but does not include:

(i) that which is in the public domain other than by the Employee’s
breach, of this Appointment Letter, or of any other confidentiality agreement
or non-disclosure agreement;

(ii) that which was previously known as established by written records


of the employee prior to receipt from the Company and in possession of the
employee prior to the date of this Appointment Letter ;

(iii) that which was approved for release by written authorization of the
Company; and

(iv) that which may be required by law or any order of court.

h) Intellectual Property Rights includes


i. All patents, trademarks, service marks, codes, logos, get-up, trade
names, business processes, works of authorship, utility models,
internet domain names, rights in designs, copyright (including rights
in computer software) , database rights, semi-conductor topography
rights, utility models, rights in know-how and other intellectual
property rights, in each case whether registered or unregistered and
including applications for registration, which are owned by the
Company or acquired or developed by the Company in the course of
its Business, including, but not limited to moral rights, rights under
common law, and any similar rights in any country, whether
negotiable or not and also includes any applications for any of the
foregoing and the right to apply for them in any part of the world and
all rights or forms of protection having equivalent or similar effect
anywhere in the world;
ii. All processes, inventions, ideas, programs, codes, software,
algorithms, discoveries, correspondence, trade secrets, databases,
know-how, creations or improvements upon, additions or any
research effort relating to any of the above, whether registrable or
not.
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

i) Person(s) means any individual, sole proprietorship, unincorporated


association, unincorporated organization, body corporate, corporation,
company, partnership, unlimited or limited liability company, joint venture,
government authority or trust or any other entity or organization;

b. In this Appointment Letter, unless the context otherwise requires:

a) the headings are inserted for ease of reference only and shall not affect the
construction or interpretation of this Appointment Letter;

b) references to one gender include all genders;

c) any reference to any enactment of statutory provision is a reference to it as


it may have been, or may from time to time be amended, modified,
consolidated or re-enacted; and

d) words in the singular shall include the plural and vice versa.

2. The Employee shall serve a probationary period of 6 (six) months (“Probation Period”)
from the date of joining. Upon completion of the Probation Period, his/her employment will
be confirmed in the regular cadre of the Company provided both his/her conduct and work
during the said probation period is found to be satisfactory (in case, if any). If necessary,
the Probation Period can be extended by the Company at its sole discretion.

3. As a condition of the Employee’s employment, the Employee has signed the Company's
standard form of employee non-disclosure and intellectual property assignment agreement
at the time of his/her joining. The Company retains ownership of the intellectual property
rights relating to copyrights concerning work undertaken by the Employee during the course
of his/her employment with the Company.

4. Place of work

The Employee shall be based in Noida but will serve the Company or any of its subsidiaries
or associated companies in any location within or outside of India. The Employee will be
governed automatically by the rules and regulations and terms and conditions applicable to
the new assignment. The Employee’s work in the Company will be subject to the policies,
rules and regulations of the Company, as promulgated and modified from time to time in
relation to his/her conduct, employment and all other matters.

5. Duties

• The Employee shall devote the whole of his/her working time, attention and skill to
the duties of the office and shall faithfully, efficiently, competently and diligently
perform such duties and exercise such powers as may from time to time be assigned
to or vested in the Employee and shall obey all reasonable and lawful directions
given to the Employee by the Company and use his/her best endeavours to promote
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

and extend the Business and to protect and further the interests and reputation of the
Company and / or its Affiliates;

• The Employee shall not engage in activities that would be unsuitable with his/her
capacity as a representative of the Company and shall not act in any manner that
would conflict with the interests of the Company and / or its Affiliates;

• The Employee will not, without the prior written consent of the Company, enter into
any other employment (whether part-time or otherwise); or engage in any activity
for any other business, organisation or venture that could conflict with or be
detrimental to or interfere with the interests of the Company and / or its Affiliates,
or the performance of his/her duties;

• The Employee will, except in the ordinary course of business, not make any
statement or comment to the media or on any social media website or forum about
the Company and / or its Affiliates or any of the officers, staff, clients or suppliers
of the Company without the prior written consent from the Company to do so; and

• The Employee will immediately notify the Company if he/she becomes the subject
of proceedings that may lead to a conviction of any criminal offence other than a
traffic offence, or he/she becomes aware of any issues involving him/her that may
affect the business, brand or reputation of the Company and/or its Affiliates. The
scope of the Employee’s responsibilities may be changed by the Company
whereupon, the updated responsibilities shall be deemed to be incorporated by
reference into this Appointment Letter.

6. Intellectual Property Right:

• All Intellectual Property and other ideas, techniques or principles related to the
Business of the Company, conceived (whether during regular business hours or not),
discovered, or made by the Employee during the course of his employment with the
Company and/or its Affiliates, shall be promptly disclosed in writing to the
Company.

• All rights in the Intellectual Property shall belong to the Company immediately upon
the formation of such rights, whether or not the final work / mark / invention in
which the Intellectual Property vests is formed or completed, for the full term of
each and every such right, including renewal or extension of any such term. The
Employee agrees to assign to the Company any and all such rights and agrees at the
Company's sole cost and expense to perform all acts, including execution of
documents and assistance in legal proceedings that are necessary to defend or
establish the rights of the Company in the Intellectual Property in any country.

• The Employee, irrevocably and perpetually assigns, transfers, conveys and delivers
to the Company, all worldwide right, title and interest to the Intellectual Property in
all works developed during the course of his/her employment (whether prior to, on,
or after the date hereof), free and clear of all encumbrances.
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

7. Representations and Warranties:

a) The Employee represents and warrants that:

i. he/she has power to execute, deliver and perform his/her obligations under
this Appointment Letter and all necessary action have been taken to authorise
such execution, delivery, and performance.

ii. the execution, delivery, and performance of his/her obligations under this
Appointment Letter does not and will not:

iii. contravene any law, regulation, or order of any governmental or other


official body or agency or any judgment or decree of any court having
jurisdiction; or

iv. conflict with or result in any breach or default under any agreement,
instrument, regulation, license or authorisation binding upon the Employee
or any of his/her assets;

v. there are no pending litigations, actions, suits or proceedings against the


Employee or affecting any of his/her assets and there has been no event or
occurrence which, in each case, might reasonably be expected to have a
material adverse effect on his/her ability to perform his/her obligations
hereunder.

vi. The Employee shall not, as a consequence of carrying out his/her duties
hereunder, or entering into this Appointment Letter or other agreements or
arrangements made or to be made between the Company and / or its
Affiliates the Employee, commit any breach of any terms expressed or
implied (whether concerning confidentiality, non-competition or otherwise)
of any contract with or of any other obligation to any third-party binding
upon the Employee;

8. Remuneration

• In consideration of the covenants by the Employee hereunder, he/she shall be entitled


to receive remuneration and perquisites, benefits and bonuses from the Company as
detailed in Annexure 1 which shall be subject to review/determination by the
Company, as applicable, from time to time.

• The Employee shall be entitled to participate in any “benefit program” or “incentive


program” by whatever name called that may be in place by the Company, subject to
meeting the relevant eligibility criteria. The remuneration will be payable monthly
in arrears after deduction of the applicable withholdings.

• The Company shall reimburse all travel, hotel and other expenses properly incurred
on behalf of the Company by the Employee, in the course of this employment as per
the relevant policies of the Company in force at the time of incurring such expense.
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

• It is clarified that the Company will be entitled to deduct all permissible taxes as per
the tax deductible for the same. The Employee and the Company expressly agree
that he/she shall be liable for any income tax and all other applicable taxes arising
out of the payments received by him/her (including any employee stock options, if
granted) by way of remuneration. It is further clarified that, the Employee hereby
authorizes the Company to deduct any amounts, which are owed by him/her to the
Company, including any overpayments, loans or advances outstanding at his/her
end, payable monthly subject to the arrangements made in writing between the
Employee and the management of the Company.

9. Leaves:

The Employee will be entitled to leaves as per the relevant policies of the Company. The
Employee will be entitled to such number of public holidays as may be posted by Company
at the beginning of the year.

10. Covenant not to Compete & Solicit:

• The Employee agrees and covenants that during the term of your employment with
the Company and for a continuous period of 12 (twelve) months following
termination of employment for any reason (the "Restricted Period") he/she shall
not:

▪ directly or indirectly through any person, entity or contractual arrangement


engage or be interested in any business anywhere in the world similar to the
Company's Business, as it may exist from time to time after the date hereof, or
perform management, executive or supervisory functions with respect to, own,
operate, join, control, render financial assistance to, receive any economic
benefit from, exert any influence upon, participate in, render services or advice
to, or allow any of its officers or employees to be connected as an officer,
employee, partner, member, shareholder, consultant, act on a work-for-hire or
outsourced basis or otherwise provide any services for, any business, person
or entity that competes in whole or in part with the Business;

▪ solicit, encourage, or induce or attempt to solicit, encourage, or induce any:

o current employee, marketing agent, or consultant of the Company


and/or its Affiliates to terminate his or her employment, agency, or
consultancy with the Company and/or its Affiliates; or
o prospective employee with whom the Company and/or its Affiliates
have had discussions or negotiations within 3 (three) months prior to
the Employees’ termination of employment not to establish a
relationship with any of the Company and/or its Affiliates.
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

o solicit, encourage, or induce or attempt to solicit, encourage, or


induce any current customer to terminate its relationship with the
Company and/or its Affiliates;
o solicit, encourage, or induce or attempt to solicit, encourage, or
induce any potential customer with whom the Company and/or its
Affiliates have had discussions or negotiations within 6 (six) months
prior to the Employees’ termination of employment not to establish
a relationship with the Company and/or its Affiliates;
o solicit, encourage, or induce or attempt to solicit, encourage, or
induce any person who at any time during the 12 (twelve) months
period prior to the date of such employment or retention was an
employee of or consultant to the Companies and/or any of its
Affiliates.

• The Employee acknowledges that the covenants as set forth in this Clause 10 are an
essential element of this Appointment Letter and that any breach by the Employee
of any provisions of this Clause 10 may result in irreparable injury to the Company.
The Employee acknowledges that in the event of such a breach, in addition to all
other remedies available at law, the Company shall be entitled to equitable relief,
including injunctive relief, and an equitable accounting of all earnings, profits or
other benefits arising therefrom, as well as such other damages as may be
appropriate.

• If a court of competent jurisdiction determines that the character, duration or


geographical scope of the provisions of this Clause 10 are unreasonable, it is the
intention and the agreement of the Employee and the Company that these provisions
shall be construed by the court in such a manner as to impose only those restrictions
on his/her conduct that are reasonable in light of the circumstances and as are
necessary to assure to the Company benefits of this Appointment Letter. If, in any
judicial proceeding, a court shall refuse to enforce all of the separate covenants of
this Clause 10 because taken together they are more extensive than necessary to
assure to the Company the intended benefits of this Appointment Letter, it is
expressly understood and agreed by the Employee and the Company that the
provisions hereof that, if eliminated, would permit the remaining separate provisions
to be enforced in such proceeding, shall be deemed eliminated, for the purposes of
such proceeding, from this Appointment Letter.

• The Employee and the Company hereto recognize that the foregoing covenants in
Clause 10 (Covenant not to Compete or solicit Employees) and Clause 11
(Confidentiality) and the time and other limitations with respect thereto, are
reasonable and properly required for the adequate protection of the value of the
Company and agree that such limitations are reasonable with respect to the business
activities of each of the Employee and the Company.

• The Employee and the Company hereto expressly acknowledge and agree that in the
context of the Company’s business and the Employee’s relationship with the
Company, that the Company would not proceed with this Appointment Letter but
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

for the Employee’s covenants hereunder to ensure the protection of the value of the
Company.

• The Employee acknowledges that the Company and / or its Affiliates have a
legitimate and continuing proprietary interest in the protection of their Confidential
Information and that they have invested substantial sums and will continue to invest
substantial sums to develop, maintain and protect such confidential information. The
Employee shall not, except with the written consent of the Company or in connection
with carrying out his/her duties or responsibilities hereunder, furnish or make
accessible to anyone or use for his/her own benefit any trade secrets, confidential or
proprietary information of the Company and / or its Affiliates, including their
business plans, marketing plans, strategies, systems, programs, methods, employee
lists, computer programs, insurance profiles and client lists; provided however, that
such protected information shall not include either information required to be
disclosed under law or pursuant to an order of a court, governmental agency,
arbitration panel or other person or body with apparent jurisdiction or information
known to the public or otherwise in the public domain without violation by the
Employee of this Clause 10 (f).

• During the Restricted Period, the Employee shall disclose any existing interest in or
any directorship, partnership that he/she may have in any other business, which
competes with the whole or any part of the current and planned business of the
Company.

11. Confidentiality:

a) The Employee shall not disclose, at any time to any Person who is not employed,
part of or associated with the Company; or use for any purpose that is not within the
scope of his/her services, any Confidential Information, except in accordance with
any written exception made by a duly authorized officer of the Company.
Disclosures to the Persons employed or engaged by the Company or to those who
are a part of or associated with the Company shall be made on a ‘need to know basis’
only.

b) Notwithstanding the aforesaid provisions of this Clause, the Employee may disclose
Confidential Information where compelled to do so, by any government, judicial or
quasi-judicial authority; provided however, that he/she shall, in such a case, give the
Company a reasonable notice of any prospective disclosure and shall at the
Company's sole cost and expense assist the Company in obtaining an exemption or
protective order preventing such disclosure. Such notice shall be accompanied by a
copy of the court order, subpoena, legal or regulatory request for similar process.

c) It is the express intention of the Employee and the Company that the obligations of
this Clause 11 shall survive the termination or expiration of this Appointment Letter
and the adherence to such covenants by the Employee as set forth in this Clause 11
are an essential element of this Appointment Letter and that any breach by the
Employee of any provision of this Clause 11 may result in irreparable injury to the
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

Company. The Employee acknowledges that in the event of such a breach, in


addition to all other remedies available at law, the Company shall be entitled to
equitable relief, including injunctive relief.

d) At any time, upon request by the Company, the Employee shall, within 5 (five) days
of receipt of notice to that effect, and immediately upon termination of this
Appointment Letter, immediately, return all Confidential Information furnished to
him/her, and any copies or extracts thereof and all assets of the Company to the
Company.

e) The Employee’s confidentiality obligations under this Clause 11 shall continue in


perpetuity and shall not terminate purely from the passage of time.

f) Upon cessation of the Employee’s employment with the Company, he/she will
deliver to the Company all Confidential Information and all Company’s assets in
his/her possession.

g) During the Employee’s employment with the Company, he/she will not make use of
any confidential and proprietary information acquired prior to his/her employment
with the Company.

12. Obligations to Former Employers:


The Company has absolutely no desire to use the confidential and/or proprietary
information of any of the Employee’s employers or other third parties. To that end, the
Company impress upon the Employee that the Company and its management do not want
the Employee to, and the Company hereby directs the Employee not to bring with them any
confidential and/or proprietary information including trade secrets, of any of the
Employee’s former employers or other third parties, or to violate any other obligations the
Employee may have to any of their former employers or other third parties. The Employee
agree that they will not bring with them to the Company or use in the performance of their
duties and responsibilities for the Company any confidential and/or proprietary information,
including trade secrets, of any former employer or other third party, and the Employee will
not use, disclose or refer to any such information in the course of their employment at the
Company. The Employee represents that signing of this offer letter and commencement of
employment with the Company will not violate any agreement currently in place between
the Employee and any current or past employers or other third parties.

13. Retirement:

The Employee will be retired from service on attaining the superannuating age of 55 (fifty
five) years or earlier in case he/she is found medically unfit to work any longer or in case
of continued ill health as certified by the medical officer / practitioner nominated by the
Company.

14. Termination / Resignation:


DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

• During the term of the Employee’s employment, should he/she desire to leave the
services of Company, he/she will have to give Company at least 30 (thirty) days
(during probation period) and 60 (sixty) days (after completion of probation) prior
written notice of the same. Similarly, Company shall be entitled to terminate the
Employee’s employment at any time by giving mentioned prior written notice or
salary in lieu of notice. In furtherance of the foregoing, Company may, in its absolute
discretion, require the Employee at any time during the notice period not to attend
the place of work or not to perform any duties for Company or to perform any such
duties, projects or tasks as are expressly assigned to the Employee by Company. The
Employee shall continue to be employed by Company during such period and
therefore shall be eligible to receive his/her full pay and benefits during any such
period, as applicable. During any such period, the Employee shall (i) notify
Company of any change of address or contact details, (ii) if requested by Company,
refrain from contacting employees, consultants, clients and professional contacts of
Company, (iii) cease to be an authorized signatory of Company or hold a power of
attorney for Company, if applicable, and (iv) continue to be bound by the express
and implied duties of his employment, including, without limitation, by the duty of
fidelity and good faith owed to Company.

• Notwithstanding anything mentioned in this Appointment Letter, Company may


terminate the Employee’s employment, with immediate effect by a notice in writing
(and without salary in lieu of notice), in the event of his/her misconduct, including
but not limited to, fraudulent, dishonest or undisciplined conduct of, or breach of
integrity, or embezzlement, or misappropriation or misuse by him/her of Company’s
property, or insubordination or failure to comply with the directions given to him/her
by persons so authorized, or his/her insolvency or conviction for any offence
involving moral turpitude, or breach by him/her of any terms of this Appointment
Letter or Company’s Policy/ies or other documents or directions of Company, or
irregularity in attendance, or his/her unauthorized absence from the place of work
for more than 7 (seven) days, or closure of the business of Company, or if it is found
that any particulars and information mentioned in his/her application, portfolio,
resume and / or interview are not true or redundancy of his/her post in Company, or
upon him/her conducting yourself in a manner which is regarded by Company as
prejudicial to its own interests or to the interests of its clients.

• Death: This Appointment Letter shall be automatically terminated (and the


employment of the Employee, hereunder automatically stands terminated)
immediately in the event of his/her death during the employment period without
further obligations, provided, however that the Company shall pay to his/her
nominee, so nominated by him/her as its nominee, any payment due to him/her under
this Appointment Letter.

• Notwithstanding anything aforesaid, termination by the Employee shall be subject


to the satisfactory completion of all his/her existing duties, obligations, projects,
transition services, exit formalities, etc.
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

• At the time of termination of the Employee’s employment, if there are any dues from
him/her, the same may be adjusted against any money due to him/her from Company
on account of salary, bonus or any other such payments. Any amount so remaining
due from the Employee after the above adjustment shall be repaid by you within 45
(forty-five) days (provided his/he FNF settlements are clear) from the date of
termination of his/her employment without any demur or protest, failure of which
shall make him/her liable to appropriate action in a court of law, whether civil or
criminal, initiated by Company for recovery of such money.
• The Employee will be governed by the laid down code of conduct of the Company
and if there is any breach of the same or non-conformance of contractual obligation
or with the terms and conditions laid down in this Appointment Letter, his/her
service can be terminated without any notice; notwithstanding any other terms and
conditions stipulated herein, the Company reserves the right to invoke other legal
remedies as it deems fit to protect its legitimate interest.

15. Dispute Resolution:

The Employee agrees that the interpretation and enforcement of this Appointment Letter
shall be governed by the laws of India and all disputes under this Appointment Letter shall
be governed by and resolved as per the provisions of Arbitration and Conciliation Act, 1996
by a single arbitrator. The venue for arbitration will be Noida, India.

16. Background Check-ups:

The employment has been issued to the Employee on the understanding that (a) there is
nothing adverse in his/her past records which should have prevented the Company from
offering him/her an employment, (b) there is no criminal offense registered/pending against
him/her. However, if it is found that his/her past record is/was objectionable and/or that
he/she has suppressed any material or information, his/her services will be terminated
without any notice by the Company at its discretion

During the course of employment with this Company, the Employee will not accept any
employment/ association or business in any other organization without the permission of
the Company.
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

Annexure –A

The gross compensation will be INR 1800000/- as detailed below:

Sr. No. Components Monthly Annual


1 Basic 66,667 8,00,000
2 HRA 33,333 4,00,000
3 Employer PF 1,800 21,600
4 Employer NPS 0 0
5 LTA - (Annually) 0 0
6 Travel Reimbursement 0 0
7 Telephone & Internet 0 0
8 Books & Periodicals 0 0
9 Meal Vouchers 0 0
10 Gift Pass 0 0
11 Mobile Purchase 0 0
12 Professional Development 0 0
13 Car Lease EMI 0 0
14 Special Allowance (Balancing Figure) 31,533 3,78,400
Total Fixed CTC 1,33,333 16,00,000
15 Total Variable** - 2,00,000
Total CTC 18,00,000
Amount in INR
**The variable component of INR 200000 is the total performance linked variable which is
payable on half yearly basis.

Stock Options: You are eligible for ESOP Grants as per your performance after completion of
13th months effective from Date of Grant letter, values equal to 10% of your fixed CTC at the
time of joining. Number of ESOPs will be based on the share price approved by the management
on the date of issuance of the Grant Letter Please note, this will only be applicable if you are not
serving the notice period. Also, Company reserves all the right to revoke the eligibility in case of
any breach of the terms of this Agreement or any other Agreement/NDA signed with the Company
or any policy of the Company.
DocuSign Envelope ID: F4A437EB-B43F-4C27-83B9-FE43FAC09308

In addition to the above, all other policies, rules and regulations as maybe in operation as maybe
amended or altered from time to time at the discretion of the Company will apply to you.

We have pleasure in welcoming you and looking forward to mutually meaningful association.

Please sign one copy of the appointment letter for company records.

For Fareye Technologies Pvt. Ltd.

Deepa Arora
Vice President
People & Culture

I have read, understood and accepted the terms & conditions of employment.

Name : Rahul Tiwari

Signature :

Date : April 5, 2022

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