This petition has been filed seeking to appoint a sole Arbitrator to adjudicate upon the disputes that have admittedly arisen as between the parties in terms of employment agreement dated 09.07.2014.

2. Heard Mr. T.K. Baskar, learned counsel appearing on behalf of the petitioner and Mr. Arunkumar appearing for the respondents.

3. The parties in this Original Petition had entered into an employment agreement on 09.07.2014. The terms of agreement have been adverted to in extenso by the parties. The respondent was appointed as a Chief Operating Officer of the petitioner company and in terms of article 14 thereof, will report to the Chief Executive Officer. The scope of his duties and responsibilities were set out in Annexure-I to the Agreement. The Agreement provides for remuneration in terms of Clause-II thereto in the following terms:

'In consideration of and subject to the due performance of the Employee's services and obligations, the Employee shall be paid remuneration by way of cash compensation from the Company as detailed in Annexure 2A to this Agreement and stock options in the Parent Company as detailed in Annexure 2B and an Incentive Stock Option Agreement ("ISO Agreeme