PRIVATE AND CONFIDENTIAL
15 July 2025
Adithi M
Rashtreeya Vidyalaya College of Engineering (RVCE)
Dear Adithi,
We are pleased to extend to you a formal offer to join Morgan Stanley Advantage
Services Private Limited (the "Firm") as a 2025 Apprentice in our Technology
Division in Mumbai/Bengaluru as part of our apprenticeship program (the
"Apprenticeship Program" or "Program"). We enjoyed meeting you and are excited
about the prospect of you spending time with the firm.
The goal of our Program is to provide you with broad exposure to Technology
Division in India as well as the opportunity to become an active team member on
a variety of projects in areas that interest you. While the Apprenticeship Program
is flexible, there is an established infrastructure to ensure, as far as possible,
your participation in the Program will give you valuable skills, experience and
knowledge.
Start Date
You will begin your apprenticeship on 11 August 2025 or such other date as may
be agreed in writing by the Firm and are expected to remain for 12 Months (subject
to early termination, as set out below).
Compensation
You will receive a monthly stipend of INR 35000, payable at the end of each
month (less tax and applicable withholdings) and prorated for the duration of your
participation in the Program.
Benefits
The Firm will provide you with the following benefits:
• Cover under the Firm's Local medical insurance plan.
You are not expected to be in the office on any Mumbai/Bengaluru public holiday
observed by the Firm and your division and which falls during the period of your
apprenticeship. In addition, you will be eligible for 2 paid vacation days for every
month during your apprenticeship, earned at every month end, with a prorated
entitlement for partial months of apprenticeship.
Nothing in this letter should be construed as a guarantee of any particular level
of benefits or of your participation in any benefit plan. The Firm and its affiliates
reserve the right to amend, modify or terminate, in its or their sole discretion, all
benefit and compensation plans in effect from time to time.
Obligation to Observe Rules and Policies
Please note that you will be bound by the Morgan Stanley Code of Conduct,
those sections of the India Employee Handbook not applicable only to long-term
employees, and other policies relating to your apprenticeship as may, from time
to time, be issued, updated, varied and supplemented by the Firm. This offer is
contingent upon you signing the Code of Conduct on the commencement of the
apprenticeship.
Based on the Code of Conduct, you acknowledge that in the course of your
apprenticeship with the Firm or after termination of your employment, you are
not permitted to make any unauthorized use of documents, or other information,
which are confidential, trade secret or proprietary information of another individual
or company (“Confidential Information”). Likewise, you may not bring onto Morgan
Stanley premises any Confidential Information relating to any prior business or
entity that you were engaged in any capacity, employment or otherwise.
Notice
Your acceptance of this position implies a commitment on your part to stay with
Morgan Stanley for the duration of the entire internship. However, while an
Intern will normally complete this program, please remember that this is not a
guaranteed term of employment and either you or the Firm may terminate this
relationship at any time for any reason. The notice period for termination of
service is 30 days. The Firm reserves the right to provide payment of base salary
in lieu of notice. Your employment with the Firm may be terminated without notice
or payment in lieu of notice for gross misconduct (including fraud or dishonesty).
Additional Steps
Your participation in the Apprenticeship Program is contingent upon a number
of additional steps in the process including, but not limited to, your satisfactory
completion of a background check and the procurement of any necessary licenses
or permits (including a visa, if required) required for your employment. The Firm
reserves the right to adjust your proposed starting date based on the completion
of these steps.
• To facilitate the pre-employment screening process, you are required to
complete the relevant background check profile forms and submit personal
credentials to the Firm’s Corporate Security team. You will receive the relevant
forms and instructions on this process via email closer to your date of joining.
The Firm reserves the right to delay your start date in the event your background
check is not timely completed
• You are also required to show proof of citizenship and/or the appropriate
right-to-work documentation on or before your first day of the apprenticeship. If
you require a visa/work permit and do not currently have one, you are responsible
to obtain one before you will be permitted to commence the apprenticeship.
Please contact local Human Resources to arrange for your visa/work permit
application
If you commence the apprenticeship prior to your satisfactory completion of the
pre-employment screening process, your continued participation in the Program
will remain conditional on the satisfactory completion of that process.
This offer, as to its subject matter, contains a complete statement of all
agreements between you and the Firm, constitutes the entire understanding
between you and the Firm and supersedes all prior or contemporaneous verbal
or written agreements, understandings or communications (including, without
limitation, any term sheet or other summary writing relating to the Program). You
acknowledge that you have not relied on any assurance or representation not
expressly stated in this offer letter. If there is any conflict between (1) the benefit
information included in this letter or any verbal representation and (2) the plan
documents or insurance contracts, the plan documents or insurance contracts
control. The Firm reserves the right to review, modify or amend your terms and
conditions of the Apprenticeship Program from time to time as circumstances may
require.
Your participation in the Apprenticeship Program is governed by the laws of India
and you and the Firm submit to the exclusive jurisdiction of its courts.
Adithi, we know you will find the Apprenticeship Program to be both challenging
and exciting and look forward to seeing you. If you have any questions regarding
our offer or the Firm more generally, please feel free to contact Madhura Girkar at
+91 22 6995-2424.
We ask that you confirm your acceptance by clicking on the relevant button within
the Firm's online Application Center and entering your name as an e-signature.
We recommend you save a copy of this offer letter for your records.
In the event that we do not receive your acceptance on or before 21 July 2025,
we will assume that you have declined the position. Accordingly, on that date this
offer will lapse and will no longer be capable of acceptance by you.
Sincerely,
For and behalf of Morgan Stanley Advantage Services Private Limited
Commerz III, International Business Park, Oberoi Garden City, Off Western Express
Highway, Goregaon (East), Mumbai 400063, India
Phone: (91) 22 6995 1000 Fax: (91) 22 6996 1010
CIN: U72900MH2003PTC140982
Neeraj Swar
Executive Director
Human Resources
