Lust vechnotogy servces usmitea, LET Knowledge City (T/ITES) SEZ, ; Mert gece >For, L&T Technology Services Yeu 9001% Gufet ROM ‘august 04, 2016 PS No: 20050025 Mr, Sreejith CM Bangalore. Dear Colleague, ‘Annual Compensation Revision - July 2016 ‘We are pleased to inform you that your compensation has been revised with effect from July 01, 2016.The details of your revised compensation are as per the attached compensation sheets. We look forward to your continued commitment and contribution in the coming year. All matters related to compensation are between you and the Company and it is expected that you will maintain strict confidentiality about the same. All other terms and conditions of your employment remain unchanged. We wish you a very successful year ahead! Yours truly, for L@T Technology Services Ltd Registered office: LAT Hous NM, Marg, Ballard Estate, Mumbai - 400 001. INDIA L&T Technology Services is « wholly owned subsidiary of Larsen & Toubro LimitedSalary Card Name > Sreejith CM PS No. 20050025 Grade 1 Location Bangalore Effective Date : July 01, 2016 Engineer ST Per Month Ber Annum "MONTHLY REMUNERATION Basic 10.670, 1.28,040 Flexi Pay 1 13,590 7,63,080 Flexi Pay? 700) 7,400 ‘Additional Allowance 800) 9,600 ‘Ad Hoc Allowance 700 4,800 Location Allowance 7,600 19,200 ‘Special Pay 3,204 38,445 TOTAL MONTHLY==> 30,464 365,565 "ANNUAL BENEFITS Teave Travel Assistance (LTA) 16,000 TOTAL ANNUAL BENEFITS==> 16,000 RETIRALS Provident Fund (@ 12% of basic) 15,305 Gratuity contribution (@ 4.81% of basic) 6,159 TOTAL RETIREMENT BENEFITS==> 2H S24 Performance Linked Reward™ ¥6,000 TOTAL> 449,088 L&T Technology Services - ConfidentialName: Sreejith CM * Performance Linked Reward This is an indicative amount which will be payable based on the Company’s Performance & your Individual Performance Rating (2016 - 17) as per the Rewards Policy released by the Company. Performance Linked Reward (PLR) will be due & payable to employees who are on the rolls of the Company as on 1st July of the following year. Employees who have resigned are not eligible for Performance Linked Reward. This condition doesn’t apply to resigned employees who have completed a minimum of 3 years of service and are on rolls as on st April of the following year. This amount is inclusive of bonus payable, if any, under the Payment of Bonus Act (1965), including any amendments thereto. ‘Medical Insurance ‘The Group Mediclaim Policy of Company covers Employee, Spouse & upto 2 dependent children (below 25 years of age) for Maximum amount of Rs.1,00,000/ p. a. Notes: + Only Basic Salary shall attract retiral benefits. +The eligibility tor payment ot Gratuity 1s a minimum ot 5 years ot service in the Company. + Tax Liability, if any, on the above payments will be borne by the employee. + Any or all of the above allowances may be altered / withdrawn at the sole discretion lf the management and the payment of allowance will be governed by the rules and regulations of the company as may be applicable from time to time, L&T Technology Services - Confidential