offerlettermandarranade1






                                                                                                           October 28, 2019      Mr. Mandar Ranade  rmandaar@hotmail.com     Dear Mandar,    I  am  pleased  to  confirm  our  offer  of  employment  with  Kewaunee  Scientific  Corporation  as  our Vice  President  of  Information  Technology,  reporting  to Tom  Hull, President and  CEO.  In this  position,  your  starting salary will be $17,500 monthly ($210,000.00 annualized).  Following our normal practices, this  offer is made contingent upon your passing a pre-employment drug test and background screen.    In addition to your salary, we offer an attractive benefits package, which includes a health care program,  dental  plan, life insurance,  disability  income program,  401(k)  retirement  savings  plan, flexible spending  accounts, on-site Nurse Practitioner program, as well as other benefits provided to full-time Associates.  A  copy  of  the  salaried  fringe  benefit  document is  attached  for  your  reference.   If  you  should  have  any  questions concerning the fringe benefits, please feel free to contact me.    We  are  also  delighted  to  offer  you  extended  benefits based  on  your  role  in  the  organization over  and  above our  standard  benefits  package.   These  benefits  include  participation  in our  annual  cash  bonus  program at a rate of 30% of your annual salary, participation in our long term equity incentive program at  a rate  of 30%  of  your  annual  salary  and participation in the Company’s  409(a)  deferred compensation  program.  You will also be entitled to four weeks of vacation upon hire.     We also are delighted to offer you a sign-on bonus of $70,000 payable 30 days after your start date as  well as assistance with relocation as outlined in a separate document.      Pre-employment Requirements    As mentioned  above,  your employment is contingent upon fulfilling a pre-employment drug screen and  background check.           Pursuant  to  the  Immigration  and  Nationality  Act,  our  Company  is  required  to  verify  the  identity  and  employment authorization of all new hires.  In order to comply with this legal obligation, we must complete  an  Employment  Eligibility  Verification  Form  (I-9)  within  your  first  three  days  of  hire.  Kewaunee  also  participates in the E-Verify program.  Please call me if you have any questions regarding our employment  authorization process.           You  will  also  be  required  to  read  and  sign  the  acknowledgements  for  the  following  documents  and  policies:            Kewaunee Associate Handbook Acknowledgement and Agreement             Agreement Concerning Employee Inventions and Confidential Information            Alcohol-Free and Drug-Free Workplace Policy Acknowledgement Form            Conflict of Interest Policy            Policy on Sensitive Payments            Standards of Conduct and Corrective Actions                                                                                                                                                                                                                                                                                                                                                                       P. O. BOX 1842, STATESVILLE, NORTH CAROLINA 28687-1842 ● 2700 WEST FRONT STREET, STATESVILLE, NORTH CAROLINA 28677-2927                                      PHONE 704-873-7202 ● FAX 704-873-1275     





 






Mr. Ranade  Page 2      Pay Schedule    Kewaunee exempt Associates are paid on a monthly schedule, the last day of the month.  Direct deposit  of your payroll check is required; please bring a voided check with you on your start date.    Hours and Holiday Schedule    Corporate Office hours in Statesville, NC are 8:00 a.m. – 5:00 p.m.            Your normal work schedule will be Monday through  Friday 8:00 a.m. – 5:00 p.m.  Due to the nature of  your position, you will be required to work additional hours.           A holiday schedule is enclosed for your reference.            Associate Handbook    You will be provided a copy of the Kewaunee Associate Handbook.  It is your responsibility to familiarize  yourself with the policies and procedures that apply to you as an Associate of Kewaunee.    Mandar,  we  think  this  is  a  very  comprehensive  and  competitive  offer,  reflecting  our  opinion  of  your  potential in our Company.  We believe that you could make a great contribution to our Company, have  fun, and enjoy real personal growth in the years ahead.     Should you have any questions concerning this offer, please call me.  Please confirm your acceptance by  signing a copy of this letter, indicating your start date, and return it to my attention.  We appreciate your  response within five business days or sooner.    Best Regards,                                         Elizabeth Phillips, SPHR, SHRM-SCP  Vice President of Human Resources    Enclosures            Copy to:       Tom Hull, President and CEO                 Personnel File                                                                                                         I, Mandar Ranade, accept the terms and conditions of this offer, and I will report to work on   __________________________, 2019.        Signed ________________________________________             _______________________________10/29/2019          Mandar Ranade                                        Date                                                           





 






                                                    October 28, 2019        Mr. Mandar Ranade  rmandaar@hotmail.com     Dear Mandar,    We hope that you are excited about our offer of employment and that the relocation assistance  described below will be helpful as you are considering your decision.  As a result of relocation,  Kewaunee  Scientific  Corporation  will provide  assistance  with relocation  expenses  acquired  during your move from Milwaukee, Wisconsin to a location closer to Statesville / Charlotte, N.C.   As  part of  our  offering,  we  are  extending  an amount  of  $30,000  (net) for your moving and  relocation expenses.  Your  relocation  expenses  can  include  transportation  costs,  the  move  of  household goods, realtor fees, etc., The amount will be paid as needed.     Additional Relocation Benefits  In  further consideration  of  your move  closer to  Statesville we are offering temporary housing  allowance of $2,000 per month maximum for up to 6 months. We can provide recommendations  and assist  you with  this  process.  Additionally, to ease  your transition  and knowing that  your  family  will not  be moving until  the spring, 2020, we  are offering an allowance of 2 trips  per  month to Wisconsin for up to 6 months.    Repayment Provision   Should you voluntarily resign, or be terminated for cause from the company within the first three  years, we would be entitled to recoup monies paid to you relating to moving expenses.  The pay  back would be proportionate to the time worked and you would assume 1/3 of the costs for each  year short of the three years completion.       If you have any questions regarding the relocation reimbursement arrangement described please  let  me  know.   We  hope  that  you  are  pleased  with  this  arrangement  and  that  it  eases  the  challenges of relocating.    Sincerely,                          Elizabeth D. Phillips,  Vice President, Human Resources