TVS MOTOR COMPANY TVS > 03 January 2023 Mr, Deepak Chandra Sekaran 33. GANAPATHY NAGAR, PANNIKKAMPATTI, POLLACHI Pollachi - 642002 Tamil Nadu Dear Mr. Deepak Chandra Sekaran, With reference to your application and the discussion you had with us, we are pleased to offer you the position of Assistant Manager in our company, on the following terms and conditions 1, You will be paid a compensation of Rs. 10,00,000/- per annum, as per the details furnished in the Annexure The company will pay full premium for: 2) Mediclaim Insurance Policy for hospitalization for yourself, spouse dependent children (maximum of three), dependent parents and Parents-in-law, b) Personal Accident Insurance for yourself. 3. You will be eligible for reimbursements of transition expenses. As per policy, any employee having been given such reimbursements will be required to repay the said amount to the company, in the event of such employee leaving the services of the company on his own accord, within 3 (three) years from the date of joining the company. 4. You will be eligible for 21 days of annual leave or as per company rules, 5. The company will contribute 12% of your salary to the Provident Fund Scheme 6. Gratuity will be paid at the rate of 15 days salary for every completed year of service, as per rules. 7. Your place of work initially will be at Anekal where you will be given the necessary training and orientation for your job. Thereafter, you will be posted to any region in India as per the policy of the company and as per the exigencies of work. 8. During the period of your service, you will be liable to be transferred to any place or to any other division or associates of our company, existing or to be formed in future, or to any of our group company, in any place, if required 9. This appointment is terminable by giving three months’ notice or three ‘months’ pay in lieu thereof, by either party. However, acceptance of salary in lieu of notice will be at the discretion of the company. 2%. GA lassteatonTVS ~& Mr, Deepak Chandra Sekaran 10 You shall not engage yourself in any outside work over and above your legitimate work in the company, on duly days, on holidays and when you are on leave 11. You will work as per work pattern assigned to you by the company and you should also be bound to work on shifts, if necessary. 12.You will not take up employment with a competitor of the company for a period of three years from the date of leaving the services of the company 13.You wili not disclose or divulge to any person or Company except to the extent permitted in writing by the Company either during the continuance of your service with the Company or any extension thereof and even after the cessation of your employment with the Company by any reason whatsoever: i. Any secrets, affairs, confidential information entrusted to you or coming to your knowledge relating to the Company in the course of your employment. ii, Any special and/or secret knowledge of processes developed by the company or by its collaborators; ii, The truits of any special training that may be imparted to you by the company or the fruits of any research contributed either by you or other employees, in the course of your or their employment with the company. 14.1f you are confirmed in a permanent post, you shall retire from the services of the Company on your attaining/completing 58 years of age, provided that your continuance after completing 55 years will be subject to your being found medically fit. If you are found medically unfit by the company, you will be relieved from the services from the date specified in the order, which may be issued to this effect. The age declared by you at the Une of entering service shall be the age for determining the age of retirement and it shall not be liable for alteration, The medical report and the decision of the company in this regard shall be final and binding on you 15.The terms and conditions of your service will be governed by the ‘Code of Conduct’ for management stalf, the details of which can be found in the annexure, 16. Our appointment will take effect from the date on which you report to duty in our company. 17This offer is subject to your being found medically fit by our company Chief Medical Officer. CassieTVS = Mr. Deepak Chandra Sekaran 18.if you are agreeable to the above terms, please return to us the duplicate Copy 0! this order indicating your acceptance and the date of joining. This order is valid for your acceptance till 03 January 2023, With best wishes, Yours sincerely For TVS Motor Company Limited, P Karthik Deputy General Manager - HRD estesoan 2%. Ba Accepted the above (Deepak Chandra Sekaran)ANNEXURE Name: Deepak Chandra Sekaran Designation: Assistant Manager SALARY COMPUTATION [Components Per Annum| Per Month! Basic Salary 4,00,000] 33,333 House Rent Allowance 2,00,000} 16,667 Conveyance Allowance 60,000) 5,000] Uniform Maintenance 48,000 4,000 Allowance Special Allowances. 1,00,666} 8,389) Communication 30,000] 2,500 Allowance Professional 60,000 5,000 Development Allowance Gross 8,98,666| 74,889 Provident Fund 48,000] Leave Travel 33,334] Concession Gratuity 20,000] TOTAL ANNUAL CTC 10,00,000) Note: i. Mediclaim Policy for hospitalization for self and family ii, Personal accident coverage for self iii, Transition benefits include Relocation, Brokerage and Notice pay buy-out subject to production of original bills within 60 days from your date of joining iv. Communication Allowance of % 2,500 p.m. introduced to meet out internet / data, telephone / mobile related expenses. This will be subject to tax to the extent to which the bills are not submitted. The invoice from service providers should be in the name of the employee. v. Professional Development Allowance is introduced to meet out the expenses towards higher studies / certificate courses undertaken during the financial year. This will be subject to tax to the extent to which the bills are not submitted. hassibeanon