Dear Experts, I am involved in hiring top management employees for the first time, say, Vice president and CEO levels of hiring. While framing the employment agreement, should the appointment letter and the work agreement be the same as those I give for executive roles?
Or is there any major difference in the formation and conditions?
I would recommend that any of you share a sample of a detailed work agreement for VP—BPO business operations with all mandatory and necessary clauses covered so that I can understand it better.
Or is there any major difference in the formation and conditions?
I would recommend that any of you share a sample of a detailed work agreement for VP—BPO business operations with all mandatory and necessary clauses covered so that I can understand it better.
Dear Raveena Murali,
The appointment letter for the VP will remain the same. A non-disclosure agreement (NDA) and ESOP will be separate agreements.
For the CEO, the appointment letter will remain the same but there will be additional perks. So the perks need to be mentioned accordingly. NDA and ESOP agreement also will be over and above the appointment letter.
Thanks,
Dinesh Divekar
From India, Bangalore
7862The appointment letter for the VP will remain the same. A non-disclosure agreement (NDA) and ESOP will be separate agreements.
For the CEO, the appointment letter will remain the same but there will be additional perks. So the perks need to be mentioned accordingly. NDA and ESOP agreement also will be over and above the appointment letter.
Thanks,
Dinesh Divekar
From India, Bangalore
Thanks Mr. Dinesh!
Is this ESOP mandatory - First of all, there is no shares listed as far as my knowledge. Secondly, I don't think, the board will share some stocks with these positions.
Non-disclosure Agreement - Any specific conditions to cover, or do we need to follow anything specifically for BPO operations.
Is this ESOP mandatory - First of all, there is no shares listed as far as my knowledge. Secondly, I don't think, the board will share some stocks with these positions.
Non-disclosure Agreement - Any specific conditions to cover, or do we need to follow anything specifically for BPO operations.
Apptt.order or agreement. Both may be possible. First and foremost, pl.clarify your's is a Regd.Co.? whether these postings are going to be Board level appointments or below board level? Are they share holders? Full time Executives at the top level? Tenure bound postings or regular postings? Might require approval of the AGM or Board, pl.check your Memorandum & Articles of Association about the requirements. Required to consult your Co.Secretary also. If you have a full time or part time Co.Secretary he must be in a position to draft a detailed doc.as may be required.
-Will they have 'Managerial Remuneration' as defined in the Companies Act? No doubt they will be entitled to various types of emoluments, perks & privileges and each one will have to shoulder varied duties & responsibilities. And both of them technocrats ? To whom they'll report, to the Board directly or to the President/Chairman & MD.
It all depends on your corporate goals, requirements & future plans. If you describe these details then it may be helpful to draft necessary documents.
From India, Bangalore
-Will they have 'Managerial Remuneration' as defined in the Companies Act? No doubt they will be entitled to various types of emoluments, perks & privileges and each one will have to shoulder varied duties & responsibilities. And both of them technocrats ? To whom they'll report, to the Board directly or to the President/Chairman & MD.
It all depends on your corporate goals, requirements & future plans. If you describe these details then it may be helpful to draft necessary documents.
From India, Bangalore
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