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The Total Employment Cost (TEC) shown for 2012 and 2013 are taken as at 31 December each year. The 2014 column shows your Total Employment Cost (TEC) which will be effective on 1 April 2014. The cash element of your Annual Performance Award will be paid to you with the normal salary payroll in March, less any applicable statutory deductions, elected sacrifices or hypothetical tax.
The Total Employment Cost (TEC) shown for 2012 and 2013 are taken as at 31 December each year. The 2014 column shows your Total Employment Cost (TEC) which will be effective on 1 April 2014. The cash element of your Annual Performance Award will be paid to you with the normal salary payroll in March, less any applicable statutory deductions, elected sacrifices or hypothetical tax.
The Total Employment Cost (TEC) shown for 2012 and 2013 are taken as at 31 December each year. The 2014 column shows your Total Employment Cost (TEC) which will be effective on 1 April 2014. The cash element of your Annual Performance Award will be paid to you with the normal salary payroll in March, less any applicable statutory deductions, elected sacrifices or hypothetical tax.
Scope International Private Limited Tel (91-44) 2821 9188 1, Haddows Road Chennai 600 006, India (A wholly owned subsidiary of Standard Chartered Bank UK)
Strictly Private and Confidential
Jagadeeswar Reddy G Technology India
Bank ID: 1364444
6 March 2014
2013 Performance, Pay and Potential (P 3 ) Statement
2013 P 3 Final Review Rating: 4C 2012 P 3 Final Review Rating: 3B
Performance Year: 2012
2013
2014 Fixed Pay a
Total Employment Cost (TEC) INR 550,000 INR 632,500 INR 632,500 Variable Compensation b
Annual Performance Award (Cash) INR 36,544 INR 25,300 Total Compensation d
(Fixed Pay + Total Variable Compensation) INR 586,544 INR 657,800
Page 2 Jagadeeswar Reddy G - 1364444
Scope International Private Limited Tel (91-44) 2821 9188 1, Haddows Road Chennai 600 006, India (A wholly owned subsidiary of Standard Chartered Bank UK)
Notes to P 3 Statement
Fixed Pay a The Total Employment Cost (TEC) shown for 2012 and 2013 are taken as at 31 December each year. The 2014 column shows your Total Employment Cost (TEC) which will be effective on 1 April 2014.
Payment of any salary increase or allowances that may or may not be related to promotion are subject to you being employed by the Group and not having given or received notice of termination of employment on or before the effective date.
Variable Compensation b The cash element of your Annual Performance Award will be paid to you with the normal salary payroll in March, less any applicable statutory deductions, elected sacrifices or hypothetical tax. Where necessary, this award may be converted into a local currency for payment using an average exchange rate over the five business days from 10 to 14 February 2014. Details of these rates are available on iConnect.
Eligible employees will receive a Statutory Bonus after the close of the financial year. The amount paid towards Incentives/Annual Performance Award during the Financial Year 2013 2014, if any, will be adjusted towards the Statutory Bonus payable for the Financial year 2013 2014.
For the avoidance of doubt, the Group retains absolute discretion as to the size of the Annual Performance Award made (if any). Receipt of an award in one year does not give rise to an entitlement in respect of any future year(s).
Any award is subject to the Groups Structure of Discretionary Variable Compensation and Claw-back Policies, these are available on iConnect.
Payment of any Annual Performance Award is subject to you being employed by the Group and not having given or received notice of termination of employment on or before the payment date.
d For the purposes of the P 3 Statement, Total Variable Compensation and Total Compensation have been converted where necessary using appropriate exchange rates, details of which can be found on iConnect.