Consequent to the decision taken by the Board of Directors in its meeting held on ________(DATE) and subsequent to your discussions / interview held with Advisory Committee on ________(DATE), it has been decided that your consolidated compensation would be ______(AMOUNT) per month (all inclusive), after deducting the applicable taxes, if any, at source, with effect from _____(DATE).

All the other terms and conditions of the letter dated _______ referred to above would remain the same.

Your Company Name: The Purpose of the Handbook

This (Your Company Name), (hereinafter referred to as (“Your Company Name” or “the Company”) Employee Handbook establishes policies, procedures, benefits, and working conditions that will be followed by all (Your Company Name) employees as a condition of their employment at the Company. The Standards of Conduct describe the expected actions and behaviors of employees while conducting Company business.

This (Your Company Name) Employee Handbook is not a contract of employment nor is it intended to create contractual obligations for the Company of any kind.

The policies and procedures outlined in this handbook will be applied at the discretion of (Your Company Name). (Your Company Name) reserves the right to deviate from the policies, procedures, benefits, and working conditions described in this handbook. Furthermore, the Company reserves the right to withdraw or change the policies, procedures, benefits, and working conditions described in this handbook at any time, for any reason, and without prior notice.

The Company will make every effort to notify employees when an official change in policy or procedure has been made but employees are responsible for their own up-to-date knowledge about Company policies, procedures, benefits, and working conditions.

No provision in this employee handbook and expected Standards of Conduct can be waived without written permission from the Company’s President, or designee. Such a waiver, if granted, applies only to the employee for whom the waiver was granted at the time of the waiver.

(Your Company Name) strives to provide an employee-friendly environment in which goal-oriented individuals thrive as they achieve ever more demanding challenges. Your Company commitment to serving customers and to providing quality products at competitive prices is unwavering. These policies, procedures and working conditions provide a work environment in which both customer interests and employee-interests are served.

(Your Company Name) values the talents and abilities of our employees and seeks to foster an open, cooperative, and dynamic environment in which employees and the Company alike can thrive. The Company provides an Open Door Policy in which employees are encouraged to take problems to the next level of management if they are unable to resolve a situation with their direct supervisor.

(Your Company Name) is an equal opportunity employer. Religion, age, gender, national origin, sexual orientation, race, or color does not affect hiring, promotion, development opportunities, pay, or benefits. (Your Company Name) provides for fair treatment of employees based on merit. The company complies with all applicable federal, state, and local labor laws.

Employment at (Your Company Name) is on an “at will” basis, which means that either you, the employee, or (Your Company Name), may terminate the employment relationship at any time, for any reason, with or without cause. Only a written agreement, signed by the President of (Your Company Name), can change the “at will” nature of the employment of any individual.

Please review the policies, procedures, working conditions, and benefits described in this handbook. You will be asked to affirm that you have read, understand, agree to abide by, and acknowledge your receipt of this employee handbook and employee Standards of Conduct.