Date
Ms.
Adress
Dhaka, Bangladesh
Email:
Mobile:
Subject: Letter of Appointment
Dear Ms./Mr/ ,
After having considered your application and subsequent interview, we are pleased to appoint you as ……………… at Summit ……….. under the terms and conditions explained below. Your appointment commences from the date of your joining or on before …………….
Please read all the conditions set forth in this Letter of Appointment before consenting.
Reporting and Responsibilities
You will be reporting to the ………. and senior officials at the ……….., broadly to undertake the following:
Duties and Responsibilities
1.
2.
3.
To undertake any other reasonable duties as may be required assigned by the chairman/directors time to time.
Please note, that, your appointment and responsibilities will be included but not limited to the above and may be changed anytime in future as deemed necessary by management.
Initial Performance Assessment Period
You are required to serve a probation period of 06 (Six) months, upon which based on a full review of your performance your employment will be confirmed, your probation may be extended or otherwise.
Compensation package
In consideration of your services to the Company, you will be paid a compensation package as detailed below:
You will receive a consolidated gross salary of Tk. ………./- ( ………….) only being 62.5% as basic and the remainder as 40% house rent of basic, 10% Medical Allowance of basic and 10% Transport Allowance of basic, per month. You will however be responsible for your own income taxes on your salary. Company will deduct applicable AIT prior to disbursement of monthly salary.
Upon confirmation, your salary will be reviewed. You will be entitled to two festival bonuses annually, each equal to your one-month basic pay, Contributory Provident Fund (CPF), Gratuity benefit and Life & Medical Insurance benefit as per Company Rule. The Company follows performance based annual increment policy for its employees.
Place of Work
Your main work place will be Summit-Centre, our Head Office; however, the management might assign you to work in other sites/offices as and when needed.
Termination of Employment by both parties
During probation, the appointment may be terminated by either party giving 30 (Thirty)
days’ notice or one month salary in lieu thereof. You will also be given 30 (Thirty) days’ notice or salary in lieu thereof, if your performance during probation is not found satisfactory and your probation is not extended.
After confirmation of your employment, both parties will have the option to terminate this agreement with 90 days' notice in writing by either party or on payment of three (03) months’ salary in lieu thereof by the Company.
Acknowledgement of Summit’s commitment to anti-bribery and corruption at the workplace
Summit Corporation Limited and its subsidiaries strongly discourage the act of bribery, either directly or through third parties, in any circumstances.
Such acts shall be treated as an act of gross misconduct, employees are therefore requested to avoid such situations and report any knowledge or suspicions of the offering, request for, receipt or payment of a bribe. A failure to do so may amount to gross misconduct.
By signing this letter of employment, you acknowledge that as an employee, you are aware and will abide by such regulations.
Non-disclosure of confidential information
In accepting this offer, you agree that certain information you obtain during your employment period with the Company which relates to intellectual property, financial information, personnel projections, strategic planning or any other work product not readily available to the public ('the information') is considered by the Company to be trade secret and confidential information.
You also recognize and agree that it is reasonable and necessary to protect the Company's information and that you will take reasonable steps to maintain the confidentiality of the
information, both during and following your employment at the Company.
Complying with all employment rules, policies and regulations
You agree to conduct yourself in a manner which is not prejudicial to the Company's interest to obey the Company's demands, rules and regulations. All other matters not mentioned herein will be governed by all the rules, policies and regulations of the company in effect from time to time. You are required to read and acknowledge that you will abide by them.
If you find the terms favorable, please sign the duplicate copy of the letter as a token of your acceptance.
We welcome you to our Summit family and trust your association with us would be a long term and meaningful one.
Yours sincerely,
__________________
Azharul Hoque
Director
agreed to this.............day of .....................2015
Accepted and agreed to this.............day of .....................2019
___________________
Copy to:
1. Personal file
2. Director (Finance)
3. Head of HR/ HR Department