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TMC MTO Employment - Agreement - Raja Usama Alam
TMC MTO Employment - Agreement - Raja Usama Alam
TMC MTO Employment - Agreement - Raja Usama Alam
This employment agreement is between TMC Pvt Limited and Raja Usama Alam effective March 18, 2024
(Commencement Date).
For good consideration, the (Company) employs the (Employee) on the following terms and conditions.
1. Employer
The Employer is TMC Pvt Limited.
2. Position Title
The Employee’s current Position Title is MTO – SAP Supply Chain Management.
3. Base Location
The Employee’s base location is Karachi, Pakistan. If stationed for work outside his/her base location,
Employee shall be eligible for TADA as per policy.
4. Remuneration
Your current remuneration is set at PKR 50,000 per month inclusive of all applicable taxes.
5. Duration
The duration of this employment agreement is set for 6 Months unless terminated sooner as mentioned
in clause 14.
6. Tax Withholding
Employer shall have the right to deduct or withhold from the compensation due to Employee hereunder
any and all sums required for federal income and Social Security taxes and all state or local taxes
now applicable or that may be enacted and become applicable in the future.
(b) Employee specifically agrees that he/she shall not misuse, misappropriate, or disclose any
such Trade Secrets or other Confidential Information, directly or indirectly, to any other person or use
them in any way, either during the term of this Agreement or for so long thereafter that such Trade
Secrets remain trade secrets.
(c) During the employment, the Employee shall adhere to all information security policies. The
Company has right to initiate a disciplinary process if any violation to information security policies is
detected.
13. Discoveries
All inventions, discoveries, ideas, and other intellectual property rights, whether they can be patented or
not, made or conceived by Employee during the term hereof, either solely or jointly with others, to
the extent related to and arising out of Employee’s performance under this agreement, shall be
promptly and fully disclosed to the Employer, considered work for hire and all right, title and interest
thereto anywhere in the world shall be the Employer’s property. In the event that such inventions,
discoveries and ideas are not considered work for hire for any reason, Employee hereby unconditionally
assigns to the Employer all of his/her right, title and interest therein. Employee agrees to execute
any and all documents deemed necessary by Employer to effectuate the foregoing at any time,
whether before or
after the expiration or earlier termination of this agreement. Compensation for any such inventions,
discoveries or ideas shall be deemed to be included in the compensation paid to Employee hereunder.
14. Termination
Employee’s employment may be terminated by Employer by serving a 1 Working Days’ notice.
However, in the event of termination of your employment due to misconduct or breach of
Employer’s code of conduct, rules or regulations by you, of which the Employer will be the sole judge,
no notice by Employer will be required to be given and Employee shall be immediately terminated
without notice. In the event of an employee’s resignation, he/she is required to provide written
notice of at least 15 working days. Should the Employee depart without fulfilling this requirement,
he/she shall be obliged to compensate the Employer with a sum equivalent to 15 days of salary in
lieu of notice.
15. Arbitration
(a) Any controversy between Employer and Employee involving the construction or application of any of
the terms, provisions, or conditions of this agreement shall on written request of either party served
on the other be submitted to arbitration governed by the Arbitration Act of 1940.
(b) Employer and Employee shall each appoint one person to hear and determine the dispute. If the two
(2) persons so appointed are unable to agree, then those persons shall select a third impartial arbitrator
whose decision shall be final and conclusive upon both parties.
(c) The cost of arbitration shall be borne by the losing party or in such proportions as the arbitrators
decide.
(d) Arbitration will be held in Lahore, unless mutually agreed upon by the parties in writing.
17. Amendment
This agreement may be amended, modified, superseded, cancelled, renewed or extended and the
terms or covenants hereof may be waived, only by a written instrument executed by both parties as
hereto, as in the case of a waiver, by the party waiving compliance.
IN WITNESS WHEREOF, the parties hereto, by their duly authorized officers or other authorized
signatory, have executed this Amendment as of the date first above written. This agreement may be
signed in counterparts and facsimile signatures are treated as original signatures.