GIFTXOXO POLICY

Objective of the policy

To formulate uniform work atmosphere and regulate discipline and absenteeism at Giftxoxo.

General Rules

1. Office timings : 10:00 am-07:00 pm

2. All Sunday’s are a holiday. Alternate Saturdays unless declared to be working, are considered to

be an off.

3. If the employee doesn’t avail any of the general public holidays as approved by the office then he

/ she is entitled to take an off on any of the week days (with prior notice).

4. The salary will be calculated on an average of number of working days in a month (Refer

Annexure 2).

5. The rules are subject to change at the discretion of the management.

6. Nreach Online Services Pvt. Ltd. Will be referred hereto as Giftxoxo

Leave Policy

1. Earned and Sick Leave

Eligibility: Applicable to permanent employees. The given year is (April-March).

Entitlement: 18 days in a year.

Conditions:

a) The employee is entitled for 1 day of Earned leave in a month.

b) If the employee has not availed all or any casual or sick leave during the year the balance can

either be carry forwarded to the next year or en cashed at the yearend (i.e. 31st

March). The

employee should give a written intimation of the same.

c) The employee should send a formal communication to the HR and the concerned head well

before utilizing the leave.

d) In case of long leave the employee can set off his/her leave period with the accumulated

earned leave relating to previous months. He/ She is entitled for a weekend only to the

extent of the period of accumulated earned leave, for the period of leave which is not

earned the Salary will be deducted as an average out of working days in the month (Refer

Annexure 2).

e) National / Festival / Declared / weekly off days can be prefixed and / or suffixed to Earned

Leave.

f) Intervening National / Festival / Declared holidays will not be counted as part of the leave

(Refer Annexure 1).

Employee Contract and Code of Conduct

1. Duties and Obligations

You agree that you shall perform your duties, as may be assigned to you from time to time, with

diligence, devotion and discretion.

2. Termination of Employment

The appointment will be subject to the verification of employee’s credentials, testimonials and

other particulars mentioned at the time of appointment. If the particulars given by an employee

are in any way found to be inaccurate or misleading, the employment shall be deemed to be

automatically canceled and employee’s services will be terminated.

Employee or Giftxoxo may terminate this agreement and employment by giving 30 days written

notice to the other party. Notwithstanding the foregoing, Giftxoxo may terminate this

employment immediately by paying you 30 days salary in lieu of such notice. However employee

may be terminated immediately without notice and pay if there is any act of mis-conduct or false

information.

3. Retirement

Subject to earlier termination of this engagement, employee shall retire on 60th birthday or the

day immediately preceding such date, if employee’s birthday does not fall on a working day.

4. Compensation and Salary

The compensation of full time employee will have two major components viz. Fixed and Variable.

Variable component would be the function of employee’s performance with parameters as

below –

Parameters Rating (Rate from 1 to 5, 5 being the highest)

Targets

Teamwork / Relations with co-workers

Discipline

New Initiatives

The salary component (both fixed and variable) is subjected to change based on above

performance parameters. The employee may get bonus and immediate appraisals based of

exceptionally good performance.

Employee Referral Policy

1. Entitlement All employees, other than the management staff are eligible for referral fees on successfully referring a candidate to Giftxoxo.

2. Eligibility a) Be personally known to the employee who refers him/her. b) The referrer should personally vouch for the referee’s abilities. c) New referral should not be a candidate already in the HR database d) Referral should be with Giftxoxo for a minimum period of 60 days. e) The policy is valid only for full time employment referrals.

3. Process of Recruitment The referred candidate will undergo the standard recruitment process designated for the particular position. Recruitment will be based on the available vacancy at that point of time.

4. Compensation and Referral benefits The referral fee can be in form of cash or equivalent non-cash component. If the referred

candidate is hired, the referrer is eligible to claim a referral fee as per the parameters defined

below.

S. No. Level at which the referred candidate joins Referral Fee to the Referrer

1. Mid Management Roles Rs.5,000

2. Senior Management Roles Rs.10,000

Annexure 1 (List of National/Public Holidays)

Date Week Day Holiday

Apr-13 Sunday Mahavir Jayanthi

Apr-18 Friday Good Friday

May-01 Thursday May Day

May-14 Wednesday Buddha Purnima

Jul-29 Tuesday Id-Ul-Fitr

Aug-15 Friday Independence Day

Aug-18 Monday Krishna Janmastami

Aug-29 Friday Ganesh Chaturthi

Oct-02 Thursday Mahatma Gandhi Jayanthi

Oct-03 Friday Vijaya Dashami

Oct-06 Monday Bakri Id

Oct-23 Thursday Diwali

Nov-04 Tuesday Muharram

Nov-06 Thursday Guru Nanak Jayanthi

Dec-25 Thursday Christmas

Jan-14 Wednesday Makar Sakranti / Id-E-Milad

Jan-26 Monday Republic Day

Feb-27 Tuesday Maha Shivratri

Mar-17 Friday Holi

Annexure 2 (No. of Working days)

Month No. of Days in Month

No. of Week off No. of Public Holidays

No. of working days

April ‘14 30 6 2 22

May ‘14 31 6 2 23

June ‘14 30 7 0 23

July ‘14 31 6 1 24

August ‘14 31 8 3 20

September ‘14 30 6 0 24

October ‘14 31 6 4 21

November ‘14 30 7 2 21

December ‘14 31 6 1 24

January ‘15 31 6 2 23

February ‘15 28 6 1 21

March ‘15 31 7 1 23