Date: 25th April 2024
MR. MASAKAZU SOTA
6-3 1-2 Higashihongo, Midori-ku, Yokohama-City, Kanagawa Prefecture, Japan
Passport No: TZ2063243
Sub: Letter of Appointment
Dear Masakazu Sota,
Referring to the decision taken by the Board of Directors of Taisei Corporation in the board meeting held on 20th April 2024, we are pleased to appoint you in the position of “Manager” of Taisei Corporation, Bangladesh Branch Office and your employment will be governed by the following terms and conditions:
1.0 Date of commencement of employment, location, and transfer:
Your appointment would be effective from 1st May 2024. Your job’s location shall be based at Catharsis Building 10th Floor, House 133, Road 12, Banani, Dhaka, Bangladesh. The Company can transfer your services either temporarily or permanently to any of the subsidiaries 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 USD 6,000 (Six Thousand USD Only) per calendar month, this would be subject to review every year on the basis of performance. The breakup of the same is as under:
Basic Salary
USD
6,000.00
Gross salary includes Basic salary only. The company will not provide any other allowances. Appropriate income tax due on your salary will be payable by you and this will be deducted at source by the branch office during the payment of salary as per Income Tax Act 2023.
3.00 Bonus:
You will be entitled to have the Bonus in the manner which branch office decides. The Branch Office 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 Branch office. Furthermore, neither the branch office name nor any of its facilities may be used for any purpose whatsoever other than our business requirement.
5.00 Hours of work:
The normal working hours for every Employee shall be Sunday through Thursday 8:00 AM to 17:00 PM (including 1-hour lunch break); unless otherwise specified by the Employment Letter.
6.00 Leave facilities:
You will be entitled to enjoy leave in accordance with the Branch office’s rule in existence.
7.00 Reimbursement of expenses:
You will be reimbursed for all expenses actually incurred exclusively for conducting our business as per the terms and conditions laid down by the Branch Office. 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 that you will receive from the management from time to time and coordinate all types of activities relating to setting Strategies to run the Branch Office in Bangladesh smoothly complying with all the rules and regulations set by appropriate authorities; Including prepare strategical planning for business, surveying, designing, supervising, construction & installation, engineering, management & consulting, civil engineering, plant installation & other construction works etc. Along with that Setting the Strategies to run the construction company in Bangladesh smoothly complying all the rules and regulations set by appropriate authorities.
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 Labor Act, 2006 and Bangladesh Labour Rules 2015 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 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,
HIROKI HORIKAWA
General Manager
Taisei Corporation, Bangladesh Branch Office
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.
_________________________
MASAKAZU SOTA
6-3 1-2 Higashihongo, Midori-ku, Yokohama-City, Kanagawa Prefecture,Japan
Passport No: TZ2063243