Ref: HR/ Comp. Letters/'09 Employee ID:SNSEPL 0093 Date: 27th April '09 Private & Confidential Mr. Shatrughan Singh SOMA Networks Software Engineering Pvt. Ltd. GURGAON Sub: Compensation Revision 2009 Dear Shatrughan, We are pleased to revise your compensation w.e.f. 1" April, 2009 as mentioned below; Level
III
Basic Salary
800000 per annum
Allowances / Re-imbursements
600000 per annum
Total Target Cash (TTC)
1400000 per annum
Retirals (PF and Gratuity)
As mentioned below
Variable Performance Incentive Cash
Maximum of 15% of Total Target
Effective Date
1St April, 2009
Variable Performance Incentive : You are also eligible for the " Variable Performance Incentive - Plan 2009"
wherein the maximum
earning potential at Level-III, will be @ 15% of the "Total Target Cash". This is based on drawing up an "Incentive Frame" with
"Targets and Achievement Levels" and subject to
evaluation of your "Performance" based on delivering
"Objectives" as discussed & laid
down during "Goal Setting" by your reporting - "Line Manager" at the start of the Year-'09. Retrials: PF - Employer's Contribution towards PF which is Rs 780/- per month is paid over & above the Total Target Cash. Gratuity - You are entitled to Gratuity, as per the Payment of Gratuity Act, 1972. We would like to take this opportunity to express our appreciation of your association with SOMA Networks. We
value your contribution to the organization and look forward to a
sustained performance to meet our business
challenges and Company objectives for the
Year - 2009. All other terms & conditions of your employment remain the same.
With West Wishes,
SOMA C o r e 1 ,
NETWORKS
SOFTWARE
ENGINEERING
PVT.
6 t h F l o o r , P a r k C e n t r a B u i l d i n g , S e c - 3 0 , O p p . 3 2 n d N . H . - 8 , G u r g a o n - 1 2 2 0 0 1 , H a r y a n a , I N D I A
LTD.
M i l e s t o n e ,
Tel. :( 91) (124)668 5000,258 6094 Regd.Office: A-133, Niti Bagh, New Delhi-110049, INDIA
For Soma Networks Software Engineering Pvt. Ltd.
SOMA C o r e 1 ,
NETWORKS
SOFTWARE
ENGINEERING
PVT.
6 t h F l o o r , P a r k C e n t r a B u i l d i n g , S e c - 3 0 , O p p . 3 2 n d N . H . - 8 , G u r g a o n - 1 2 2 0 0 1 , H a r y a n a , I N D I A
LTD.
M i l e s t o n e ,
Tel. :( 91) (124)668 5000,258 6094 Regd.Office: A-133, Niti Bagh, New Delhi-110049, INDIA