Revision Letter - Glass Page 1 of 2

CONFIDENTIAL HR-PM-CM-FOR-01
Mar 5, 2020
RAJASEKAR M
Emp. No : 13228
TEAM MEMBER - PROJECTS

Dear RAJASEKAR M,

Performance based Compensation Change

As a company that continually bench marks itself against Best in Class in the industry, with regard to
Compensation and Welfare, in addition to Annual Performance based increment, we have made
significant compensation adjustments. With low consumer price inflation, our real compensation change
is at the highest in a decade.

In the last few years, our compensation changes have exceeded Inflation, productivity and Employee
Value Added and bench mark Market increase. Therefore, we expect the future overall change in
compensation, will reflect a downward trend compared to the past increases.

The total change in your compensation is Rs. 36,041.

PRISE (Performance Related Incentive Scheme for Employees)

Based on the company performance index of 2.65 and your individual performance rating, your PRISE
amount on an annualized basis is Rs. 191,017.

https://sggiapps.saint-gobain-glass.com/myinfo/RVL_GH20.asp 13-Mar-20
Revision Letter - Glass Page 2 of 2

Revised Gross Annual Cost (GAC)

The increase in your Gross Annual Cost has been incorporated in your revised salary and allowances /
reimbursements that are payable to you with effect from January 01, 2020.

Your revised compensation is as below:

Revised w.e.f
01-Jan-2017 01-Jan-2018 01-Jan-2019 01-Jan-2020

Basic: 233,544 259,656 314,988 336,624

House Rent Allowance: 140,136 155,796 189,000 201,984
Other Allowance: 258,360 277,236 283,560 281,148
Education Allowance: 2,400 2,400 2,400 2,400
Conveyance: 19,200 19,200 19,200 19,200
Medical Reimbursement: 15,000 15,000 15,000 15,000
Leave Travel Assistance: 15,000 15,000 21,000 21,000
Gratuity: 13,405 14,904 18,080 19,322
Provident Fund: 28,025 31,159 37,799 40,395

Total : 725,071 790,351 901,027 937,073

PRISE : 216,838 234,923 177,829 191,017

Please Note:

[a] PRISE indicated is the Annualized amount for all the years.

[b] Based on the Company and Individual Rating which will vary from Year to Year and is in lieu of any Bonus due to you under the
payment of Bonus Act 1965.

Any income tax liability on account of this compensation revision will continue to be deducted at source
according to the prevailing income tax laws. All other terms and conditions of your service remain
unaltered.

https://sggiapps.saint-gobain-glass.com/myinfo/RVL_GH20.asp 13-Mar-20