,

OFFER LETTER

Date: 18th January’2023.

To
Mr. Kunal Saxena
Address: Imperial P.G. Neelkanth
Enclave, Near Ekta Hospital,
Sector- 69, Gurugram- 122101

Dear Kunal,
Congratulations! With reference to you are subsequent interview with us for a career in our organization;
we are pleased to inform you that you have been selected for employment in our organization (InvestoXpert
Advisors Pvt. Ltd.) as “Assistant Manager- Sales”
1. Your employment will commence from the date of your joining i.e 18th January’2023.
2. Your annual CTC will be Rs. 4,80,000 /-per annum. The detailed breakup herewith attached in
Annexure A.
3. The detailed terms & conditions are enclosed here with in Annexure.
4. Your reporting manager will be “AVP-Sales”

Terms of Employment

1. You will be on probation for six months of your employment. This period may be extended at
the discretion of the management by a period of 3months at a time up to one Year and you will
not be deemed to be confirmed until this period is completed. Till such time you shall be on
probation on the terms and conditions applicable to the initial probation any periods mentioned
in this letter. During the period of probation or such extended period of probation your services
are liable to be terminated at any time without notice or without assigning any reason or payment
of compensation in lieu thereof.

2. After confirmation, your employment can be terminated by giving one month’s notice in writing
or one month’s salary in lieu thereof bye it her side. In case you leave your employment without
giving notice in the said manner, the management shall have the right to deduct one month’s
salary or an amount equal to the number of days the notice falls short of from any amount that
may be due to you or shall recover such amount in the manner it deems fit.

3. Your appointment and its continuance in the organization is subject to you remaining medically
(physically and mentally) fit. Further, you shall appear before the Medical Officer of the
company or any Medical Practitioner nominated for the purpose by the company and shall
undergo such Medical Examination as required. If you are found medically unfit, your services
are liable to be terminated. Also, failure to comply with such instruction shall tantamount to
gross misconduct entailing dismissal from services.
4. Your services are liable to be terminated without any notice if any information tendered by you
in your application for employment on the basis of which this offer is made is found to be false
misleading or certain facts are found to have been omitted or exaggerate din it.

5. Continued absence from duty for 7 days without express permission in writing of the
management or overstay of sanctioned leave for 7 days shall tantamount to voluntary
abandonment of service and your name will best ruck off from the rolls of the company without
any notice to you.

6. You may avail leave due to you with the prior sanction of the management. Even in case of
leave on medical grounds you will have to inform the management within 24 hours. Your
application for medical leave should be duly supported by a medical certificate granted by
Medical Officer, if you are covered under the scheme, and you will be allowed to resume duty
on the expiry of the medical leave on production of a proper fitness certificate.

7. You shall not resort to strike or adopt go slow tactics without giving prior, proper and requisite
notice to the management. In the event of your resorting to go slow tactics, your wages shall be
liable to be deducted to the extent of the shortage in the normal work besides rendering you
liable for disciplinary action in accordance with law.

8. You, as & when required, shall be required to undertake such training for such period as may
be decided by the company from time to time.

9. Your place of posting initially shall be at our Branch Office in Gurugram (Haryana) but you
are liable to be transferred from one office to another or any other location in which the company
has any interest whatsoever, in the exigencies of the service /work.

10. Being a whole-time member of the Company, you shall not engage yourself outside in any
other job / assignment / work in any manner. In case, it is found contrary to this condition, you
are liable to be terminated forthwith.

11. You shall maintain secrecy about the company’s business and shall not divulge any secrets to
the prejudice of the Company’s business &goodwill.

12. The Company shall have the right to dismiss or discharge or terminate without any
compensation whatsoever, should you be considered guilty of breach of service agreement,
insobriety, dishonesty, and neglect of duty or conduct detrimental to the interest of
the company.
 13. This Appointment is being made on the basis of various factual and documentary information
about your qualifications, last salary drawn, experience and references as stated in your
application / Curriculum Vitae. Dismissal from the company’s employment if at any time we
find that the information given to us is false or incorrect.

14. On termination & resignation of your services, you have to return all assets / belongings of the
company in your possession.

15. For all other matters not contained in these terms & conditions, you shall be governed by the
rules & regulations / decision of the Company framed from time to time.

ANNEXURE

I. If you are joining as a frontline sales professional, your monthly revenue target would be 5 times
your monthly cost to company salary e.g. if your cost to company salary is Rs. 25000/- per month,
your monthly revenue target will be Rs. 1,25,000/- per month.

II. If you are joining as a team leader or sales leader, your revenue target will be decided by the
management and same will be communicated to you over the email.

III. Performance Incentive: -In the course of your employment, you may be eligible for a variable
component in the form of incentive payments made to you in consideration of the successful
closure of a transaction involving the purchase and sale of a property. In such an event, the
incentive would be paid to you only if you are an existing employee at the time of disbursement
and at the time when the success fee of the said unit has been received from the developer.

IV. Performance Improvement Plan (PIP) & Performance Pay: - Organization has performance
benchmarks for the sales employees; you will be informed and communicated on your sales
targets and performance benchmarks at the time of joining. In case you do not achieve your sales
targets and deliver below expectations on performance benchmarks, management reserves the
right to activate the “Performance Improvement Plan” (PIP) for a specified period. During PIP
period, you will get extra support from your manager to deliver the expected performance
benchmarks. During PIP period your entire fixed pay will be automatically converted into
“Performance-Pay”. You will be entitled to salary only in case of successfully achieving the
performance benchmarks. You will have right to accept and decline the PIP, in case of decline,
your services will be terminated with immediate effect on account of non-performance and your
will be relieved from services without any notice or notice pay in lieu.

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For InvestoXpert Advisors Pvt. Ltd.

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HUMAN RESOURCES

DECLARATION
I have carefully read and understood the above terms and conditions contained in this Offer Letter and
also conditions of service and Service Rules of the company. The above terms and conditions of service
rules have also been read out and explained to me and I confirm having accepted the appointment on the
above terms and conditions without any reservations and have received the original copy of the Offer
letter. & Sign, the duplicate copy of this Offer letter as a token of your acceptance of the above ter ms
and conditions. I joined the duties of the company w.e.f. 18th January’2023.

Date: 18th January’2023. Signature of Employee

Place: Gurugram

(Kunal Saxena)

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 Annexure-A
Name Kunal Saxena
Designation Assistant Manager- Sales
DOJ 18th January’2023.
Location Gurugram
Components In salary Per Month Per Annum
Basic 20,000 2,40,000
HRA 8,000 96,000
Special Allowance 12,000 1,44,000
Total Gross Salary 40,000.00 4,80,000.00
Total Net Salary 40,000.00 4,80,000.00
Note: The net salary of employee varies if employee has any salary advances & loss of pays.
(Tax Deduction as per the Government Norms.)

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