THERMAX LIMITED SAI CHAMBERS, 15, MUMBAI-PUNE ROAD, WAKDEWADI,

PUNE 411 003, INDIA  TEL :(020) 66414000, 66414001 DFAX:(020) 25541
042
Website: www.thermaxindia.com  IT PAN – AAACT3910D
Customer Care : 18002090115 (India Toll Free)

Human Resources Division

Date: 01/03/2022

Vijay Kumar Mishra,

TERMS OF ENGAGEMENT FOR FIXED PERIOD

Dear Vijay Kumar Mishra,

This has reference to your interview with us. Considering your special skills, you are being
appointed as Engineer-Field in P&ES - Operations and Maintenance division and will be based at
Jhajjar Power Ltd. The Company requires your services for a period of 24 months with effect from
01/03/2022.

The company may in its sole discretion extend the term of your engagement by issuing separate
written orders. Please note that you shall stand relieved from the engagement w.e.f.
29//02/2024 unless extended by written order.

During your engagement with the company you will be governed by following terms and
conditions.

1. Remuneration: You will be paid monthly wages as per Annexure A.

2. Deliverables:

 To operate the total power plant as per the guideline and as per standard operating
practices from the field.
 To arrange to get the machines cleaned.
 Any other work as when assigned to you by your superiors

REGD. OFFICE: D-13, MIDC INDUSTRIAL AREA, R. D. AGA ROAD, CHINCHWAD, PUNE: 411019, INDIA
CORPORATE IDENTITY NUMBER: L29299PN1980PLCO22787
3. Terms:

1. Working Hours: The timing of our general shift is 08:40 hrs to 17:40hrs. However, please
note you will be governed by working hours as decided by the company to suit its business
needs.

2. Weekly Off: You will have a six days working pattern. The weekly off day will be as
decided by the company to suit its business needs.

3. Deployment: The Management has the right to deploy you from one job to another during
your period of engagement after considering your skills.

4. Travel: Whenever you are required to undertake travel on account of Company work, you
shall be entitled to claim reimbursement as per Company rules.

5. Provident Fund: You will participate in the provident fund scheme as applicable under the
Provident Fund Act.

6. Medical test: During your engagement with company, you shall have to undergo medical
examination at any time from the Medical Officer appointed by the Company.

7. Intellectual Property Rights: During the tenure of your engagement with the Company,
you shall have exposure and access to various novel and proprietary designs and
technologies related to the company's business and existing and futuristic product range.
All such information forms a vital part of the intellectual and technological property of the
company. It is therefore obligatory for you to make sure that during your future
professional career either in any other organization or as an individual, you shall neither
divulge and/or share any such information, nor make use of any such information related to
company's products and technologies for whatsoever reasons. In connection with all the
product patents that have been effective and in force prior to the date of your leaving this
company and the designs and technologies of the products that you have access to, it is
obligatory for you to make sure that, during your future professional career you do not
involve yourself in design, development, manufacture or any other activity related to the
products covered by the patents and/or product technology, as mentioned above in a
manner that can lead to infringement of the rights of the aforesaid by your prospective
employer or by yourself as an individual.

Kindly be advised that infringement of patents rights is an offence under Patents Act, 1970
and the company has lawful rights to initiate suitable legal action against any person or
entity involved in the infringement of the patents rights and/or Intellectual Property Rights
of the Company.

8. Loss or damage to property / low productivity: The Company has the right to suspend
you, pending enquiry without any wages, compensation or allowances, if any of your
actions lead to loss or damage to Company property or you fail to deliver/perform as
agreed.
9. Notice Period: Your engagement may be terminated by the Company by giving you 30
days’ notice in writing or wages in lieu thereof without assigning any reason, and on expiry
 of such notice or on making such payment, your engagement shall stand terminated. For
the purpose of notice pay, the Company shall consider 30 days wages as value of notice
pay per month; however company reserves the right to accept such payment in lieu of
notice period. The company shall have right to recover the shortfall in notice period to be
served, if any. However notwithstanding anything contained elsewhere, if the said
termination is due to your actions involving moral turpitude or dishonesty in connection
with the Company's business and/or due to you causing breach of any of the terms and
conditions mentioned in your letter of engagement, the Management reserves the right to
terminate your services forthwith, without any notice and/or pay in lieu thereof.

If you wish to terminate this contract of engagement, you must give 30 days notice and
serve the Company until the expiry of the said notice.

10. Non-Compete: In consideration of the terms and conditions agreed between the Company
and you, you shall hereby undertake that during the term of this engagement not to be
associated with or in service of or be Consultant, Retainer or be in any advisory contractual
or non-contractual form associated with any organization, Company or firm or Industry
Association or individual whether or not in combination with each other in the same
business or businesses as the ones Thermax is in or otherwise.

This forms an integral part of terms and conditions of your engagement with

Thermax Limited for the period mentioned earlier.

11. Confidentiality: You shall maintain at all times, absolute secrecy and confidentiality about
all matters what so ever relating to the business of the Company that you may acquire by
virtue of your engagement, and undertake not to disclose any such information or part with
any documents including but not limited to drawings, designs, know - how and / or any
such Proprietary information and / or Intellectual Property Rights of the Company to any
third party whilst in the engagement of the Company or thereafter.
12. Leave: You will be entitled to 21 days leave per annum on a pro-rata basis during the
contract tenure.
13. General:

i. You shall maintain discipline in the company and shall be governed by the rules and
regulations formed by the company and changes made therein from time to time.
ii. Your engagement is based on your special skills and special requirement and hence it is
expected that you shall give maximum deliverables, failing which the management has the
right to terminate your services.
iii. You are required to submit your permanent address to the company immediately on
joining. Any changes made therein should be communicated in writing. Any
communication made on the address furnished by you is binding on you and shall be
deemed to be proper service.
iv. Any information furnished by you, if found to be incorrect / false or inadequate, shall
result in termination of this contract of engagement automatically.
 4. Reporting:
Your reporting relation would be informed to you on joining. Kindly communicate your
acceptance of this engagement by signing a copy of this letter and returning it to us.

Thanking You

Yours sincerely
For Thermax Limited.

Nutan Kallur
Group HR Head - P&ES
 ANNEXURE A

SALARY BREAKUP

Employee Name Vijay Kumar Mishra

BU P&ES
SBU Operations and Maintenance
Department Operations
Position Engineer-Field
Location CLP Jhajjar Site
Employment Type Fixed Term Employment
Tenure 24 months
Components Amounts
(A) Monthly
Basic 15,000
HRA 750
Special Allowance 4,520
Bonus 1,250
Sub Total (A) p.m. 21,520
(B) Retirals
Provident Fund 1,800
ESIC 659
Gratuity 722
Sub Total (B) p.m. 3,181
Gross Total (A+B) p.m. 24,701
Grand Total (CTC) p.a. 2,96,412

You will also be covered under the prevailing policy of Group Personal Accident and Group
Mediclaim of Thermax.

Bonus: FTC employees at CLP Jhajjar site will be paid minimum Bonus of 8.33 % in accordance
with the Payment of Bonus Act, 1965 and further amendments. Gratuity:

Gratuity will be paid in accordance with the Payment of Gratuity Act, 1972.

Yours sincerely
For Thermax Limited.

Nutan Kallur
Group HR Head – P&ES
 ANNEXURE B

COMPENSATION UNDER EMPLOYEE'S COMPENSATION ACT, 2017

The company shall pay compensation in accordance with the provision of Employee's
Compensation Act 2017 in case of an injury caused to an employee due to accident arising out of
and in course of employment. However, the company will not be liable to pay any compensation
under the following circumstances

a. Any injury which does not result in total or partial disablement for a period exceeding three days

b. Injury not resulting in death or permanent total disablement, caused by an accident which is
because of

1. The employee being under the influence of drinks or drugs

2. Employee's disobeying an order or a rule for the safety of employee
3. Employee's wilfully removing or not following guidelines for the use of safety guard or
other device provided for safety.

Eligible legal compensation will be calculated & paid in accordance with provisions of the
Employees Compensation Act 2017.

I have read & understood the above related to compensation in the event of an accident.

I Vijay Kumar Mishra, state that I have understood the terms and conditions mentioned herein
above and I accept the same.

Signature : _________________________________

Date : _________________________________