ANNEXURE 1

PERSONAL COMPUTER SCHEME UNDERTAKING

EMPLOYEE DETAILS:
Name: Rajkumar Chaturvedi
Contact No. (O): 0674-2537300
.
P.S.No: 20047688
Mobile No.: 7735444433
.
Department: DMN
Email Address: Rajkumar.chaturvedi@Larsentoubro.com
Dept. Code: BU101
Location: Bhubaneswar
.
Residential Address: Keshab 303, Balaji Complex, Jharpada, Bhubaneswar - 751006

M/s Larsen & Toubro Limited

Mumbai.
Dear Sirs,
ENTRY IN PC SCHEME
In consideration of your having admitted me to Companys PC Scheme and provided me with
a Tablet Samsung N-7100 Sl. No. 355056055915840 (hereinafter called the PC) with effect
from 03 Jan 13 on the terms and conditions of the said Scheme, I undertake to the
Company as follows:
1

The PC purchased under the above scheme is in the name of the Company and will
remain the property of the Company till the closure of the Scheme.

When the period of 3 years expires, it is understood that I shall at that time receive from
the company and be paid the amount of the deposit, if any, made by me, without any
interest. The Residual Value, if any, payable by me to the Company will be on my
account and the refund of deposit, if any, mentioned above, will be subject to the
settlement of the Residual Value.

I will be responsible to ensure legal compliance in respect of use of hardware and

software on the PC.

If I resign/retire from Companys employment or the Company terminates my services for

any reason whatsoever, before expiry of the PC period, I shall be entitled to receive and
be paid the amount of deposit, if any, made by me, free of interest. Residual Value of the
PC as defined under the PC Scheme, as on the relieving date will be on my account and
the refund of deposit, if any, will be subject to the settlement of that amount.

If I should die before the expiry of the PC period, my heirs/legal representatives shall,
however, be entitled to receive and be paid the amount of deposit, if any, made by me,
free of interest. The Residual Value of the PC as on the relieving date will however, be on
my heirs/legal representatives account and the refund of deposit, if any, will be subject to
the settlement of that amount by my heirs/ legal representatives.

This agreement shall bind in all respect my heirs, executors, legal representatives and
myself. I further agree that the Company shall have the same rights against my heirs,
executors and legal representatives, as it has against me under this agreement.

Any difference, dispute, controversy, or claim (Dispute) which may arise between the
parties out of or in relation to or in connection with this Agreement, or the breach,
termination, effect, validity, interpretation or application of this Agreement or as to their
rights, duties or liabilities hereunder, other than a Dispute for which provisions specifically
made in this Agreement, shall be settled by the parties by mutual negotiations and
agreement. If, for any reason, such Dispute cannot be resolved amicably by the parties,
the same shall be settled by way of arbitration proceedings by a sole arbitrator, appointed
by the Company. The arbitration proceedings shall be held in accordance with the
Arbitration and Conciliation Act 1996, or any subsequent enactment or amendment
thereto. The decision of the arbitration tribunal shall be final and binding upon the parties.
The venue of the arbitration shall be Mumbai. The arbitration proceedings shall be in
English language. This clause shall survive termination or expiry of this Agreement

I confirm that I agree to accept the procedure laid down by you in the PC Scheme, a copy of
which has been received by me.
Yours faithfully,

Date: 15 Jan 13
Witness:
Name & Address ____________________________
__________________________________________

______________________
(Signature of the Employee)
Place Bhubaneswar
Date 15 Jan 13