CENTRAL BANK OF THE UAE

Address: Bainunah Street, Al Bateen Area, PO Box 854, Abu Dhabi, United Arab Emirates.
E mail: hr@centralbnkuae.com web site: www.centralbank.ae


CONTRACT / LETTER OF APPOINTMENT
JOB REFERENCE NUMBER: CNBUAE/3016/201270/013/AL

DATE: 3
th
July 2014
POSITION REFERENCE: NAEEM AHMED BHATTI

EXECUTIVE SUMMARY

We have in file, your Resume, Job Application and other important data through recommendation of DOLPHIN
RECRUITMENT AGENCY. After the evaluation of these documents, we found you qualified to work with our
Team Hence, CENTRAL BANK OF THE UAE. Seek to employ your services as an expatriate consultant for
the provision of expatriate services as stipulated in the following acts in this document. This document
embodies the approved Terms for the purpose of this contract.

JOB TITLE/UNIT

FINANCE CONTROLLER

PROBATION

The employee is appointed on a probationary basis for a period of six (6) months. During the first four
weeks of employment, notice of termination shall be 24 hours either way, and thereafter notice shall
be one calendar month.

Upon the successful completion of the probationary period, the employee will become a permanent
employee.

During the probation period, the employee will be assessed as to their ability to perform the job
requirements.

The employee will also be assessed as to their ability to work in harmony with fellow employees, to
get on with customers, clients, apply themselves diligently to their duties without any supervision and
to generally fit into the CENTRAL BANKs work practices and culture.

In the event of the employee not performing to the required standard, this will be brought to the
attention of the employee and where appropriate assistance and guidance will be given to overcome
these obstacles.

Should the employee fail to meet the required standards of performance or behaviour their
appointment will terminate at the end of the probation period or sooner in the event of such failure
necessitating earlier termination or dismissal.

During the probation period, all CENTRAL BANK rules, procedures and regulations will apply with the
exception of those, which are affected by the probationary period.

HOURS OF WORK

Your normal working hours are from 08h30 to 17h00 from Sundays to Thursdays.

SCOPE OF WORK SHALL INCLUDE, BUT NOT LIMITED TO:

Devote all your time and attention during normal business working hours and such reasonable amount
of additional time as may be necessary on an unpaid basis having regard to the exigencies of the
business of the CENTRAL BANK to the business and affairs of the CENTRAL BANK.

You shall not devote any time or attention during normal business hours to any other concern or
business without the previous written consent of the CENTRAL BANK having been obtained.

At all times faithfully, promptly and punctually carry out and perform all your duties as may conform
with your position or with such duties or functions that may be delegated or assigned to you on behalf
of the Directors or by your superior.

Generally use your best endeavours properly to conduct, improve, extend, develop and protect the
business and interest of the CENTRAL BANK, in order to preserve its reputation and goodwill.

Submit to the Directors or your immediate superior such information as may be required in connection
with the business or affairs of the CENTRAL BANK, and prepare such report in such form as may be
required by the Directors or by your immediate superior.

Not during the currency of your engagement or at any time thereafter, whether for your own benefit or
that of other directly or indirectly, make use or avail yourself of, or derive profits from or divulge or
communicate to any person or persons (save as may be necessary for the performance of your
obligations in terms hereof), confidential information or knowledge (including but not limited to the
CENTRAL BANKs trade secrets, business processes, trade connections, clients, client lists,
marketing techniques, financial affairs and dealings) in relation to the business or affairs of the
CENTRAL BANK which you shall or may have acquired by your association with the business of the
CENTRAL BANK or its subsidiaries or associates.

Remain just and faithful to the CENTRAL BANK in the performance of your duties.
Not during the currency of this employment or at any time thereafter encourage or persuade or entice
or assist or attempt to encourage or persuade or entice or assist any employee of the CENTRAL
BANK, holding company, subsidiary or associated banks to leave the employment of the CENTRAL
BANK.

JOB COMMENCEMENT/ LOCATION

The work Location will be within the CENTRAL BANK OF THE UAE. Further details included in your
hard copy. You are to report immediately to the HR Manager upon arrival to conclude prospects of
screening and other logistics.

SALARY INDICATION

You will be eligible to receive USD10, 500 (Ten Thousand Five Hundred USD Only) Basic (After
tax) Monthly. Salary can be transferred to any Bank designated by you in UAE or abroad.

RESUMPTION DATE: 5
th August
2014 (Could be extended on application)

ALLOWANCES/ ENTITLEMENTS
Hazard/Inconveniences: 400.00 USD (Monthly)

Car Maintenance: 400.00 USD (Monthly)

House & Furnishings: 2000.00 USD (Yearly)

Entertainment & Recreation: 400.00 USD (Monthly)
Travel & Events: 3000.00 USD (Yearly)

GRANTS & LOANS

Housing Loan: One-year service to CENTRAL BANK OF THE UAE.

Is required for eligibility.
Starters amount will be 50,971.00 USD
Can be re-paid within 10years with 0.00 USD interest.
Lieu Car Loan: All Employees are eligible to apply.
Starters amount will be 10,045.00 USD
Can be re-paid within 5years with 0.00 USD interest.
New Orleans Business Loans: All Employees are eligible to apply.
Starters amount will be USD35,000.00 to 70,000.00 USD
Contact the Accounts Department for more details.

ANNUAL LEAVE

You will be entitled to 30 (thirty) working days leave per annum. Leave must be taken at such time or
times as are convenient to the CENTRAL BANK OF THE UAE. Leave not taken when it is due,
otherwise than at the insistence of the Company, may / not be accumulated.

SICK LEAVE

You shall be entitled to paid sick leave for bona fide illness or injury in terms of the Basic Conditions of
Employment Act 75 of 1997.

EXPENSES BEFORE TRAVEL BY EMPLOYEE

Expenses made/incurred by the employee related to job before commencement of duties or Expenses
made during Travel Plans, Processing of Travel Particulars ETC will be substantiated with receipts
and Employer will re-imburse the Employee not later than Five (5) working days after submission of
Employees expense Report and Receipts as proofs of such Expenses.

Employer however agrees to reimburse fully all Travel costs and Expenses made by Employee. The
agreement hereby binds Employer and Employee in that re-imbursements will be made fully to
Employees upon presentation of Expense Reports and Receipts of Expenses.

NON-UAE RESIDENTS:
It is our official policy that our employees must pay relevant fees to the concern authorities for the
commencement of employee traveling to job location UNITED ARAB EMIRATES, as a proof of the
readiness to join our team, they have to contact Aris Travels Agency.

The agreement hereby binds Employer and Employee in that re-imbursements will be made fully to
Employees upon presentation of Expense Reports and Receipts of Expenses

UPFRONT PAYMENT OF SALARIES

Three months salary shall be paid in advance before Candidates embark on journey to assume duty.
This is to enable candidates settle all domestic needs before travel. As such no excuses will be
entertained on assumption of duty relating to default.

Employees (Expatriates) are to note that 3-MONTHS UPFRONT SALARIES are paid as soon as
Employees Procure and Process the relevant Resident/ Work Permit Documents from the VISA
OFFICE UAE and submit it to the Human Resources Department for Verification.

All payment of Salary after assumption of duty in UAE shall be 75% paid into an offshore account to
be provided by employee with the remaining 25% paid locally in UAE, if accepted by the employee.

BENEFITS/ACCOMODATION

All Employees are expected to reside at the CENTRAL BANK OF THE UAEs Staff quarters.

Which are three Bedroom Flat / already furnished.

Car, for employees use during contract.

Dietary options, Customized cooks and Dieticians are available options.incase of local dishes, we
have Chefs from various countries to handle such.

MEDICAL EXPENSES

Employer will provide the employee with comprehensive Health care for the term of contract, and
follow-on care for injuries suffered during the term of contract for employee and family.

OFFICE ASSETS TO BE PROVIDED BY EMPLOYER

COMPUTER RESOURCES:

Laptop Computer, 1.6 GHz Processor, 256 MB RAM, 24XCD-RW, 30GB Hard Drive, Integrated
Network Adapter, Internal 56K
Modem, Spare Battery and Necessary Software. Full time Internet access is also made available.

Phones:

Employer will provide each employee with one (1) landline and one (1) mobile telephone. This shall
have a reasonable credit limit application per month.

SAFETY & SECURITY

Safety and Security of personnel (Local/Foreign) and Facilities on Job Locations and communities are no small
issues, and have been seriously considered to ensure and assure hitch free operations.

All operations on Job Location are designed to adhere strictly to the Health Safety and Environment.

All expatriates are entitled to a free and mandatory safety courses on Job Locations to be delivered by qualified
safety and environment experts.

CONFIDENTIAL INFORMATION

You will not, during the period of your employment or at any time thereafter, utilise either directly
or indirectly or divulge or disclose to others, any of the CENTRAL BANK's trade secrets which
shall include inter alia, the following:

All transaction training and management reports, prospective or current customer, client or
candidate information, memoranda, advice and information.

All internal control systems including accounting and administration.

Financial details of the CENTRAL BANK's relationship with its partners and customers.

Details of the CENTRAL BANK's financial structure and operating results.

The contractual relationship between the CENTRAL BANK and others with whom it has business
arrangements of whatsoever nature.

All reports, manuals, financial statements, budges, client information, books, files, research
papers, letters, or other similar documents, (the nature of which is not limited by the specific
reference to the aforegoing items) which are created, compiled or devised or brought into being by
you or come into your possession during the course and scope of your employment by the
CENTRAL BANK and all copies thereof shall be the property of the CENTRAL BANK. Upon the
termination of your employment, or earlier if required by the CENTRAL BANK, such documents
and all copies, whether retained on paper, magnetic tape, computer disc or otherwise, must be
returned by you to the CENTRAL BANK.

ADDITIONAL BENEFITS

Recreational/Sports Facilities shall also be made available at the disposal of all expatriates with
no expenses to be incurred. Laundry and Dry Cleaning Service will also be made available to all
Expatriates by the CENTRAL BANK OF THE UAE 's laundry and dry cleaning unit.

DOCUMENTS PROCESSING WORK/RESIDENCE PERMIT VISA.
The Employee is requested to contact the below office who shall be responsible for the
processing of emplyee Valid UAE Work/Residence Permit Visa and then should forward it to the
HR of CENTRAL BANK OF THE UAE or DOLPHIN RECRUITMENT AGENCY for Verification
and authenticity confirmation.

Hence any expenses incurred during this process shall be refunded to the candidate after 5
working days of concluding all Immigration arrangement.

You are required to communicate with the travel agent, Aris Travels Agency to assist you to
obtain all relevant documents to enable you obtain UAE VISA WORK PERMIT without delay or
refusal.

Mr.Saleem Ali
CEO Aris Travels Agency
Airlines Tower, Khalifa Street
P.O. Box 267, Abu Dhabi
U.A.E.
Email: aristravelsagency@outlook.com
Phone: +971 557 693 038
Website: www.aristravels.com

This document, together with any of the CENTRAL BANK OF THE UAEs policies, procedures, codes
and the like as amended from time to time, constitutes the whole employment agreement between
you and the CENTRAL BANK OF THE UAE. No amendment or consensual cancellation hereof or any
part hereof shall be binding unless recorded in a written document and signed by both you and the
Company. Any relaxation or indulgence which the CENTRAL BANK OF THE UAE may show to you
shall not in any way prejudice or be deemed to be a waiver of its rights hereunder, nor shall such
relaxation or indulgence preclude or stop the CENTRAL BANK OF THE UAE from exercising its rights
in terms hereof in respect of any further breach.

We take the opportunity of welcoming you to our Bank and trust that our association will be a long and
mutually rewarding one. Kindly sign-in below in acceptance of our employment offer and return copy
hr@centralbnkuae.com and to DOLPHIN RECRUITMENT AGENCY-mauren.michelle@gmail.com

Yours faithfully
Congratulations on your success,
Mr. Ahmed Usman HR DIRECTOR
CENTRAL BANK OF THE UAE
EMPLOYEE SIGN:
MOBILE: .
ADDRESS: .
PASSPORT NUMBER:

___________________________ ____________________________


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