Dated: 22 August, 2019
Mr. YOSHIHIRO NAGAI
136-2-1405 SHIMOICHIBA, SHIMOHON-MACHI, IWAKURA-SHI, AICHI-KEN
Dear Sir,
Sub: Letter of Appointment.
With reference to your application and the subsequent discussion that had with us we are pleased to offer you the position of Country Manager of Toyoshima & Co., Ltd. (Bangladesh Liaison office) for 5 years and your employment will be governed by the following terms and conditions:
1.00 Date of commencement of employment, location and transfer:
Your appointment would be continued for 2 years from the date of 01 October, 2019. You will be based at Ventura Iconia, Plot # 37, Flat #7/F, Road # 11, Block #H, Banani, Dhaka-1213. The Company can transfer your services to either temporarily or permanently to any of the subsidiary or associated companies in Bangladesh or elsewhere at the discretion of the company. In the event of a transfer the terms and conditions applicable to you will remain unchanged unless notified in writing.
2.00 Remuneration:
Your consolidated gross salary will be BDT: 1, 92,500/= (One Lac Ninety Two Thousand Five Hundred Taka Only) per calendar month, this would be subject to review every year in July on the basis of performance. The breakup of the same is as under:
Basic salary TK. 1, 70,000
House rent Allowance Tk. 15,000
Medical Allowance TK. 5,000
Conveyance Allowance TK. 2,500
Appropriate income tax due on your salary will be payable by you and this will be deducted at source by the Company during the payment of salary as per Income Tax Ordinance 1984.
3.00 Bonus:
You will be entitled to the Bonus in the manner which Company decides. Company evaluates through your performance and decides Bonus.
4.00 Exclusivity of employment:
You are required to work exclusively for us, and not to engage in any outside employment/business activities without the expressed written permission of the liaison office. Furthermore neither the Registered Company’s name nor any of its facilities may be used for any purpose whatsoever other than of our business requirement.
5.00 Hours of work:
The normal working hours for every Employee shall be Sunday through Thursday 9:00 to 18:00 (including 1-hour lunch break); unless otherwise specified by Employment Letter.
6.00 Leave facilities:
You will be entitled to enjoy leave in accordance with the liaison office’s rule in existence.
7.00 Reimbursement of expenses:
You will be reimbursed all expenses actually incurred exclusively for conducting of our business as per the terms and conditions laid down by the Company. Any discrepancies noticed will not be considered for payment.
8.00 Duties and responsibilities:
You will carry out your duties and responsibilities in accordance with the instructions you will receive from the Head office management from time to time and you will have to manage the daily activities and liaison with various local authorities and personnel . However a broad outline of your job description will be conveyed to you by your reporting officer.
9.00 Termination:
The separation of service or employment may be terminated by either party by serving written notice in line with the provisions of the Bangladesh Liaison office Labour Act 2006 and amendment thereon in 2018 or otherwise by payment in lieu of such notice. As regards dismissal and other form of separation of service, proper legal provisions will be observed as per law.
We sincerely welcome you to our team, and wish you every success in your career progress with us. We are confident that we will receive your best efforts in the profitable development of the registered company.
Please return the office copy of this letter duly signed by you as a token of your acceptance of the above terms and conditions.
Sincerely yours
_________________
Teruhiko Yabu
Director
Toyoshima & Co., Ltd.
Acceptance:
I have carefully read the above letter and the terms and conditions set out therein, which I have fully understood and I hereby accept the same.
__________________________
Yoshihiro Nagai
Place: Ventura Iconia, Plot # 37, Flat #7/F, Road # 11, Block #H, Banani, Dhaka-1213.
Date: 25 August, 2019