This Service Agreement is entered into between Shri Rajeev Malhotra, S/o Shri K. P. Malhotra, R/o A-45, Sector 12, Noida, Proprietor of M/s Sunrise Exports (hereinafter called the Employer)
AND
Shri Arun Mehta, S/o Shri V. C. Mehta, R/o Flat No. 201, Green Apartments, Vasant Kunj, New Delhi (hereinafter called the Manager)
on this 1st day of July, 2025.
Upon the anxiety of the Employer to appoint a suitable person to the post of Manager for his firm and upon the Manager’s willingness to serve as the Manager of the Employer:
THIS AGREEMENT WITNESSES AS FOLLOWS:
- That Shri Arun Mehta, S/o Shri V. C. Mehta, R/o Flat No. 201, Green Apartments, Vasant Kunj, New Delhi, is appointed as Manager of the employer’s firm for a period of 3 years, with effect from 1st July, 2025 at Noida, or at any such place as the employer may desire.
- That the Manager shall devote his full time and attention to the proper running of the business of the said firm, diligently and faithfully under the supervision, guidance, and direction of the Employer, with regard to the conduct of the said business.
- That the Manager shall duly account for all moneys of the firm coming into his hands. For this purpose, he shall maintain proper and up-to-date account books at the business place in Noida, indicating all money and goods received, delivered, and disbursed by him, with necessary particulars and supporting documents. These books shall be shown to the Employer on demand.
- That the Manager shall be paid a remuneration of Rs. 65,000/- per month for services rendered during his employment. This shall be payable on the 5th of every month, with deduction of applicable income tax. The Manager shall also be entitled to receive a house allowance of Rs. 10,000/- per month, along with free medical aid and education facilities for his children.
- The Manager shall be entitled to a traveling allowance of Rs. 10/- per kilometer for all journeys by road, first-class train fare for rail travel, and a halting allowance of Rs. 1,000/- per day for halts exceeding 12 hours while on tour under directions of the employer or in business interest.
- The Manager shall be entitled to 30 days’ leave per annum on full pay and 15 days’ leave per annum on half pay in case of illness.
- This agreement may be terminated by either party before expiration by giving two months’ written notice. Such notice shall be sent to:
- For Employer: M/s Sunrise Exports, A-45, Sector 12, Noida
- For Manager: Flat No. 201, Green Apartments, Vasant Kunj, New Delhi
- The Employer shall be at liberty to terminate the employment at any time by paying two months’ remuneration in advance in lieu of the notice period.
- Surety Clause: The Manager shall provide a surety bond of Rs. 1,00,000/-, signed by a financially sound individual, to secure faithful performance of duties and protection against losses due to negligence, fraud, or misconduct.
IN WITNESS WHEREOF, both parties have signed and executed this agreement on the day and year mentioned above, in the presence of the following witnesses:
Signature of Employer: ___________________
Name: Shri Rajeev Malhotra
Signature of Manager: ___________________
Name: Shri Arun Mehta
Witnesses:
- Mr. RAJIV MEHTA, resident of 789, Lakeview Road, Aligarh
- Ms. ANITA SRIVASTAVA, resident of 321, Lotus Enclave, Kurnool