offer letter
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Offer letter to AnkitTRANSCRIPT
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Offer Letter Designation: Coach
Office #4, 5A cross, Hebbal, Banagalore - 560 024. T +91 80 2333 0334 [email protected] www.sportsmentor.in
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9th January 2013 Mr. XXXXXXXX #205, R & S Woodside Apartment, Hennur Cross, Hennur-Bagalur Road, Kalyan Nagar Post, Bangalore – 560 043 Dear XXXXX, SportsMentor is pleased to offer you the post of General Manager – Sales & Sports Operation. The value of compensation (CTC) will be INR XXXXXX per annum, independent of the Performance Linked Incentive Plan. Please look up Annexure I & II for details: 1. INR XXXXXXX gross P.A. (Annexure – I) 2. Performance Linked Incentive Plan for FY 2013-2014 (Annexure – II)
Location: Bangalore Regions: Goa, Karnataka, Kerala, Madhya Pradesh and Maharashtra You will be under probation for a period of three (3) months. You are expected to join the company on or before 1st February 2013. The terms of the offer will be as per the employment contract executed between you and the company. Please indicate your acceptance by signing both copies of this letter and returning one copy us. We look forward to working with you. Warm regards, S Ramakrishnan Director (For SportsMentor Pvt. Ltd.) NAME: Anchit Chandra_______________________________________
Offer Letter
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ANNEXURE I
FIXED COMPONENTS PER MONTH PER ANNUM
Basic XXXXX XXXXX
Flexible Benefit Basket XXXXX XXXXX
Gross Salary XXXXX
Provident Fund (Company Contribu-
tion)* XXXXX
Gratuity XXXXX
Total Annual Cost to Company (CTC) XXXXX
*Company contribution to Provident Fund will be paid as "Special allowance" till we register with the PF department
• Annual Revenue Target of INR XXXXX Lakhs (20 clients) • Incentive Plan applicable once 60% of Revenue Target is generated - INR XXXXX Lakhs (12
clients) onwards • If Base Revenue of INR XXXXX Lakhs is not generated, a 20% pay cut will accrue after the proba-
tion period
ANNEXURE II Direct Sale to clients Incentive plan applicable from the 12th client onwards
Direct Sale
Number of new clients (per year)***
Incentive % (on net collected revenue for
the year)
Net Revenue to be collected (in Lakhs)
12 to 20 2.8 XXXXX
21 and above 3 XXXXX
Through Resellers
• RM will be incentivised for reseller appointment only if the reseller signs a minimum of 4 clients in
their network • RM will be incentivised for references from clients as outlined in this chart (below) • RM will be incentivised for references from resellers as outlined in this chart (below)
Through Reseller Network
Number of Resellers (per year)
Incentive % (on net collected revenue for
the year)
1 to 4 XXXXX
5 to 10 XXXXX
11 to 14 XXXXX
15 and above XXXXX
Offer Letter