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Letters/'09
Employee ID:SNSEPL 0093
Date: 27th April '09
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 Maximum of 15% of Total Target
Cash
Effective Date 1St April, 2009
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.