FIXED TERM EMPLOYMENT AGREEMENT

This Fixed Term Employment Agreement (hereinafter referred to as “This Agreement'') is entered into this
___________ day of ________________, 20__ at Nagpur

BETWEEN

AIESL, a company incorporated under the Companies Act,1956, having its registered office at 2 nd Floor, CRA
Bulding, Safdarjung Airport Area, Safdarjung Airport, Delhi, Central Delhi – 110003 (hereinafter referred as
the “Company”) which expression shall, unless repugnant to the context or meaning thereof mean and
include its representatives, executors, successors and permitted assigns)

AND

Mr. / Miss ________________________ Son / Daughter of _______________________________ resident

of _____________________________________________, citizen of India, having Election
Commission/Aadhaar card No ______________________ and PAN No._____________________
(hereinafter referred to as the “Employee”).

Each of the Company and the Employee is individually referred to as a “Party” and collectively as the
“Parties”.

WHEREAS, the Company agrees to employ the said Mr. / Miss _______________ for a fixed period and
on terms and conditions set out hereunder and Mr. / Miss ____________________ agrees to work for
the Company on the terms and conditions set out hereunder.

NOW THEREFORE IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES AS FOLLOWS;

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TERMS AND CONDITIONS FOR FIXED TERM EMPLOYMENT

1. JOB SPECIFICATIONS

1.1. The employee would be assigned jobs/activities/responsibility areas in as per requirement of the
Company.

1.2. The Employee undertakes that he is qualified and capable of carrying out the duties to be
assigned to him under this Agreement and will continue to be, throughout the term of this
Agreement, capable of meeting all the requirements as specified by the Company to act as a
qualified personnel and shall undergo training to acquire further knowledge and skill within a time
period as required and specified by the Company.

2. VALIDITY/EXTENSION/AMENDMENT/TERMINATION OF AGREEMENT

I) This Employment Agreement shall be for a Fixed Term of Five (05) years commencing on (the actual
date of joining ______________ and terminating on ________________________ or date of
retirement i.e. 58 years whichever is earlier subject to other provisions of this Agreement.

II) This agreement may be extended for a further term of Five (05) years or any term less than five
years, by the Company on the terms and conditions that may be decided by the Company
depending upon the performance of the Employee and requirement of the Company.

3. This agreement can be terminated with/without assigning any reason by the Company at any time by
giving one (01) month written notice to the Employee or one month’s wage in lieu of notice in terms of
Clause 11 hereunder.

4. DESIGNATION

The Employee will be designated as “AMT (Aircraft Maintenance Technician)”. The Employee agrees
that the Company will have the right to re-designate him so as to appropriately reflect his area of
responsibility during the validity of this agreement.

5. REMUNERATION: The Monthly Remuneration payable to the Employee shall be Rs. 28000/-.
Increment of Rs.600/- will be applicable. Details of the components of the remuneration are as under.

COMPONENTS (In Rupees )

Basic Pay 7,000.00
HRA 2,100.00
Special Allowance 15,000.00
Uniform Allowance 1,000.00
Telephone Allowance 500.00
Medical Allowance 1,200.00
Conveyance 800.00
Attendance Allowance 400.00
TOTAL 28,000.00
Annual Increment 600

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The Employee will not be entitled to any other allowances or benefits or facility whatsoever.

It may, however, be noted that the management may introduce any additional employee benefit(s) and/or
withdraw any existing benefit(s) if it is so decided.

5. ACKNOWLEDGEMENT

i) The Employee acknowledges and agrees that his employment is a Fixed Term Employment with the
Company and the fixed total emoluments to be paid to the Employee herein are total and absolute
and he is not entitled to any other allowances, benefit or facility whatsoever. The Employee
expressly agrees that the Employee is not and shall not be deemed to be a permanent employee of
the Company.

ii) The Employee further acknowledges and agrees that his character and antecedents will be verified
by the appropriate authority and if any adverse thing is found thereof, his employment with the
company shall be terminated forthwith without any notice.

iii) The Employee belonging to SC/ST/OBC category also acknowledges and agrees that his caste
certificate will be verified by the appropriate authority and if it is found to be false or not genuine or if
it is found that he does not belong to the category as declared by him/her, his employment will be
terminated forthwith without any notice.

6. CONFIDENTIALITY

It is recognised that all the information regarding the Company’s business, practices and policies,
including manuals and other rules and procedures, which may exist from time to time, are valuable,
special and unique assets of the Company and are confidential. The Employee hereby undertakes that
during the term of this agreement, he will not disclose any of the foregoing or other information/
correspondence of the Company or any part thereof to which he may have access/ knowledge during
his employment with the Company (including the contents of this Agreement) to any person, firm,
Company, association or any entity for any reason or purpose whatsoever, save as required by law or
orders) of the court or with the express written consent of the Company.

7. EXCLUSIVE SERVICE

The Employee shall make himself available for services of the Company at all times, as per the
requirement of the Company. The Employee shall not without prior written consent of the Company,
engage in any business or activity that may, in the Company's opinion affect the Company and his
employment or duties with the Company. Nor may he for any period under this agreement, be
employed by any person other than the Company or perform any services for any other entity other
than the Company without specific written permission of the Company. Such written permission, if any
given, may be withdrawn at any point of time at the discretion of the Company.
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8. CONDITIONS GOVERNING EMPLOYMENT

8. DUTIES

8.1.1. The Employee shall serve the Company (and/or its Associates) in any
department/Section/Division at any location within India as required by the Company. The
Employee shall perform his duties as assigned/directed by the Company and in accordance
with such rules and regulations as may be issued by the Company (or its associates, as the
case may be) from time to time.

8.1.2. The Employee shall report to and shall be responsible and accountable to the
Manager/Executive of AIESL as he may be directed from time to time by the Company.

8.1.3. The services of the Employee are transferable to any place/station/region as decided by the
Company.

8.2. The Employee shall be fully aware of and comply with the applicable laws and regulations in
performing his service for the Company and shall always look out for the best interest of the
Company in executing his duties.

8.3 The Employee agrees to faithfully and competently carry out all the assigned/directed functions
and duties and other duties assigned to him from time to time in accordance with the
directions/guidelines stipulated by the Company.

9. LEAVE:

The Employee agrees that he would be deployed/ re-deployed on duty 06 / 05 days or any other
pattern and shift pattern (including night shift) depending upon the nature of duties/ functions/
Stations/ Section/ Division/Department/Subsidiary and the requirement of the Company. Due to
exigencies of work, at times, she may be required to work beyond 6 days and 48 hours/week for
which he will be compensated as per rules of the company applicable to the employee. The
Employee shall be duty bound to perform accordingly.

9.1 No leave can be claimed as a matter of right and grant of leave shall be at the sole discretion
of the Management of the Company. Any absence without authorised or sanctioned leave
shall be leave without pay and the Employee shall be liable for disciplinary action.

All leaves will be granted at the discretion of the Company and can only be availed of after the
Competent Authority has approved/sanctioned the leave request.

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 9.2 ANNUAL LEAVE

The Employee will be eligible for 21 days Privilege Leave every year. Leave accumulation and leave
encashment will be provided as per Company’s leave policy for FTE employees.

9.3 CASUAL CUM SICK LEAVE

The Employee will be entitled to Seven (07) days Casual Leave and Seven (07) days Sick leave (in
addition to Privilege Leave) in a financial year.

9.4 MATERNITY LEAVE

A female employee upto two surviving children shall be eligible for Maternity Leave with full pay
which may extend up to 180 days. Maternity Leave may be combined with any other kind of leave.

9.5 PATERNITY LEAVE

A male employee up to two surviving children shall be eligible for grant of Paternity Leave with full
pay for a period of 15 days from the date of delivery of the child. The medical certificate pertaining
to the delivery of the child should be submitted for records along with leave request in the
prescribed leave card.

9.6 CONDITIONS OF LEAVE

With reference to above, some of other main terms and conditions of the leave rules framed by
the Company as currently applicable to the Employee are as follows:

(i) Prior written permission of the Competent Authority has to be obtained to leave station when
availing leave. Permission to leave station when on sick leave will only be granted if it is
necessary for medical reasons.

(ii) Leave for more than two (02) days on sickness grounds shall be supported by a Medical
Certificate from a specialist Doctor/Registered Medical Practitioner under Allopathic stream.
Moreover, the leave on medical grounds for more than five (05) consecutive days shall also
require medical fitness certificate from the Doctor/Registered Medical Practitioner from
Allopathic stream.

(iii) Not more than three (03) days of casual leave can be availed, with prior permission, at a time.

(iv) All types of leave will be entered in the leave card/electronic record and approved in advance
except for sick leave (to be intimated at the earliest) which can be updated immediately on
joining.

10. RULES & REGULATIONS GOVERNING EMPLOYMENT

10.1 The Employee agrees to perform all works assigned to her by the Company according to
Rules/Regulations/Instructions/Orders/Directions/Procedures laid down by the Company in its
various manuals, notices and circulars from time to time. Any infringement,

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 contravention/violations of laid down rules/regulations/procedures etc. may render the Employee
liable for punishment as laid down hereunder.

10.2 The operational and functional guidelines issued by the Company for various categories of
employees for ensuring the smooth and efficient performance and productivity shall be complied
with/abided by the Employee as applicable to him/her. Any deviation from the same would
invoke disciplinary action against the Employee.

10.3 The Employee, if applicable, shall be subject to medical examination periodically in compliance
with applicable regulations of DGCA or any other regulatory authority and also the Company policy
to the expected standards.

10.4 The Employee shall at all times maintain absolute integrity and devotion to the Company and
conduct himself in a manner conducive to the best interest, credit and prestige of the Company.

10.5 During the course of employment, the Employee will discharge his duties efficiently and diligently
to the best of his ability and shall devote his whole time and attention to the interest of the
Company and generally carry out duties and work as assigned to him/her, and shall obey and
comply with all the orders and directions given to him/her by his superiors.

11. TERMINATION

11.1 Termination of this Agreement shall not affect the rights and liabilities of either Party, which
have accrued under this Agreement prior to termination. The rights and obligations shall
survive on any expiration or termination of this Agreement to the extent necessary to permit
the complete fulfilment and discharge of the obligations of the Parties.

11.2 TERMINATION BY THE COMPANY WITHOUT NOTICE PERIOD

(i) If the performance of the Employee is deemed by the Company to be unsatisfactory, the
Company may, at any time, upon written notice to the Employee, terminate the employment
without any notice period. This apart, the Company can impose any punishment as provided at
Clause 12 hereinafter as also termination of the employment if the Employee commits any act of
misconduct. This will however, be done after following an appropriate disciplinary proceeding
where the Employee will be given reasonable opportunity to present his defence.

(ii) Without prejudice to the generality of the term “misconduct”, the following acts of
omissions/commission committed by an Employee shall constitute “misconduct” for the
purpose of this section.

a. Wilful insubordination or disobedience, whether alone or in combination with others, to

any lawful and reasonable order of a superior.

b. Theft, fraud or dishonesty in connection with the company's business or property.

c. Wilful damage to or loss of company's goods or property.

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d. Holding demonstrations on/and meetings, slogan shouting, causing nuisance, disturbance
etc. Inside the premises of the establishment without previous permission of the
Competent Authority except in accordance with provisions of any law for the time being in
force.

e. Wilful slowing down of the work or instigating others to slowdown the works

f. Distribution or exhibition within the boundaries of the establishment or at the work place
of any newspapers, handbills, pamphlets or posters and such other things or causing to be
displayed by means of signs or writing or other visible representation on any matter
without the previous sanction of the Competent Authority.

g. Failure to communicate to the Competent Authority the fact of his conviction in any court
of law or imposition of any fine by statutory authorities for any criminal offence or failure
to report to the competent authority the fact of his arrest by the police or confinement in
jail.

h. Bringing outside influence to bear upon any superior authority to further his interests in
respect of matters pertaining to his service matters.

i. Quarrelling with, or threatening in any manner, co-workers and Officers of the Company.

j. Assaulting or misbehaviour with, any customer, official/employee of the Company, or any

other person having connection with the business of the Company, gheraoing,
intimidating/use of abusive language.

k. Taking or giving bribes or any illegal gratification.

l. Habitual absence without leave or absence without leave for more than 8 days.

m. Habitual late attendance

n. Habitual breach of any law applicable to the establishment.

o. Drunkenness, riotous or disorderly behaviour during working hours at the establishment

or any act subversive of discipline.

p. Habitual negligence or neglect of work.

q. Frequent repetition of any act or omission for which a fine may be imposed to a maximum
of 2 per cent of the wages in a month.

r. Leaving station without prior permission.

s. Striking work or inciting others to strike work in contravention of the provision of any law
or rule having the force of law.

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 t. Giving any statements in the print, electronic or social media or circulating any information
on any matter related to the Company or on a matter which may result in tarnishing of the
image of the Company, without specific permission from the Competent Authority.

u. Engagement in smuggling or illicit trading of any kind.

v. Conviction of a criminal offence by a court of law involving moral turpitude which in the
reasonable opinion of the Company would adversely affect the reputation of the Company.

w. Sexual harassment which includes such unwelcome sexually determined behaviour

(whether directly or by implication) as-

I) physical contact and advances or

II) a demand or request for sexual favours or

III) sexually-coloured remarks or

IV) showing pornography or

V) any other unwelcome physical, verbal or non-verbal conduct of sexual nature.

In addition, the Employee shall be liable for all losses, damages to the Company.

The above is only illustrative list and not exhaustive

11.3 TERMINATION WITHOUT ASSIGNING REASON

The Company may terminate this Employment agreement and the employment hereunder at any
time upon giving one (01) month’s written notice or one month’s wages in lieu of notice to the
Employee without assigning any reason whatsoever.

11.4 The Employee can terminate this Employment Agreement by submission of his resignation letter
from his employment by giving one (01) months’ notice or one month’s wages in lieu of the notice.
The Employee's resignation will be deemed to be accepted only after the Company issues a
relieving letter to the Employee.

11.5 On the termination of employment of the Employee for whatever reason, the Employee shall
return to the Company, all property, documents and papers, belonging to the Company as also
up to date accounts, reports of work done and to be done and other documents, if any, in his
possession or under his control.

12. PUNISHMENT

The Company may impose the following punishments other than termination of employment without
notice period as per Clause 11.2:

i) Censure or Warning

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 ii) Recovery from the pay of the whole or part of any pecuniary loss caused to the company by the
default or breach of orders or negligence of the Employee himself/herself.

iii) Loss of pay for a period not exceeding Ten (10) days.

iv) Withholding of future increment for specified period (maximum three years with or without
cumulative effect). Operative period of such punishment would be for a maximum period of three
years. And, the promotion of the employee would not be processed, if falling due, during such
operative period of punishment.

v) Termination of the services.

13. SUSPENSION

13.1 The Employee may be suspended when a disciplinary proceeding is pending or is contemplated or
where criminal proceedings against him/her in respect of any offence are under investigation or
trial, the Company may place him/her under suspension with effect from such date as may be
specified in the order in writing.

13.2 During the period of suspension, the Company shall pay to the Employee subsistence allowance-

a) At the rate of fifty per cent of the wages for the first ninety days of suspension;
and

b) At the rate of seventy-five per cent of wages for the remaining period of suspension
if the delay in the completion of disciplinary proceedings against the Employee is
not directly attributable to the conduct of the Employee

c) At the rate of twenty-five per cent of wages for the remaining period of suspension if the
delay in the completion of disciplinary proceedings against the Employee is directly attributable
to the conduct of the Employee

13.3 The Employee, if he is arrested and/or detained in custody whether on a criminal charge or
otherwise for a period exceeding 48 hours, shall be deemed to have been suspended with effect
from the date of arrest/detention and shall remain under suspension until he is released from
custody. The Employee will not be eligible for any wages or subsistence allowance during deemed
suspension period. The employee may be further suspended in term of clause 13.1 above.

14. APPEAL:

General Manager will be the Disciplinary Authority for all disciplinary matters/punishments. The
Appeal, if any against any punishment will lie with the Appellate Authority i.e. Executive Director
of the company, the reviewing authority will be the Chief Executive Officer of the Company and his
decision will be final.

15. NOTICES:

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 Any notices required or permitted to be given pursuant to this Agreement shall be in writing sent
via registered/speed post to the address of the Parties hereto, or to such other address as may be
specified from time to time in writing. Such notice shall be deemed to have been received on the
date actually delivered.

16. TAXES

All payments to the employee under the head 'PAY, ALLOWANCES AND BENEFITS' shall be paid
after deduction of taxes at source as per the Income Tax Act 1961, or any amendment, or
replacement of the said Act, besides other applicable taxes (e.g. Professional tax etc). The
employee will be responsible for filling her own tax returns under Tax laws.

17. PROVIDENT FUND

Employee will be eligible for Provident Fund benefit as per Employees’ Provident Funds & Misc.
Provisions Act, 1952.

18. GRATUITY

Employee will be eligible for gratuity as applicable in accordance with Payment of Gratuity Act,
1972.

19. MEDICAL

Employee will be eligible for medical benefits for herself and her family under ESI Act, 1948.

20. SEVERABILITY

Both the parties agree that if any of the provisions of this Agreement is or becomes invalid, illegal
and unenforceable, the validity, legality or enforceability of the remaining provisions shall not, in
any way, be affected or impaired. In the event that any provision is found to be invalid, such
provision, if at all possible, shall be corrected to reflect the original intention of the Parties as
reflected herein.

21. NOMINATION

The Employee has to submit his nomination of person(s), who will be their beneficiaries in case of
death of the Employee, for all statutory and other dues payable to him/her in the prescribed
forms.

22. FORCE MAJEURE

Save as expressly provided herein, neither party shall be liable or in breach of this agreement by
reason of any delays or failure to perform and/or termination resulting from any act of God or from
any action from the Government(including changes in the law of the land) or for any cause which
render performance of this Agreement impossible and/or in the event of happening of any of the
force majeure contingencies or happening of any event beyond the control of the parties but in

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 such circumstances each Party shall promptly notify the other and make effort to avoid or
minimize the same.

23. GOVERNING LAW AND JURISDICTION

This Agreement shall be governed by and construed in all respects in accordance with the laws of
India and parties have expressly agreed that in case of any dispute in connection with any matters,
which might arise out of this Agreement, shall be subject to exclusive jurisdiction of the courts at
New Delhi.

24. MISCELLANEOUS

24.1 The number and titles to all the above paras are of general convenience of readability and do not
constitute any legal bearing.

24.2 The number and titles to the paras are of general convenience of readability and don’t constitute
any legal bearing.

IN WITNESS WHEREOF, this Agreement has been executed between the Company and the Employee as on
the date first above written.

FOR THE COMPANY THE EMPLOYEE

Signature _____________________ I have read and understood the above terms

Name ____________________ ___ and conditions and accept & agree to be bound

Designation _______________ ___ by all the above terms and conditions

Signature ______________________

Name _________________________

Witness _____________________ Address _______________________

1. Signature ______________ 1. Witness _____________________

2. Signature ________________ 2. Witness ________________________

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