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This document is a 2012 Performance, Pay and Potential (P3) Statement for Jagadeeswar Reddy G. It summarizes his performance rating and compensation for 2011, 2012, and 2013. His 2012 final review rating was 3B. His total employment cost was INR 550,000 in 2011 and INR 632,500 in 2012. He received an annual performance award of INR 36,544 for 2012. Notes explain that total compensation figures may be converted to other currencies and that variable compensation is subject to the company's discretion and clawback policies.

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0% found this document useful (0 votes)
80 views2 pages

p1 Letter

This document is a 2012 Performance, Pay and Potential (P3) Statement for Jagadeeswar Reddy G. It summarizes his performance rating and compensation for 2011, 2012, and 2013. His 2012 final review rating was 3B. His total employment cost was INR 550,000 in 2011 and INR 632,500 in 2012. He received an annual performance award of INR 36,544 for 2012. Notes explain that total compensation figures may be converted to other currencies and that variable compensation is subject to the company's discretion and clawback policies.

Uploaded by

jaggugram
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Page 1

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)


Strictly Private and Confidential

Jagadeeswar Reddy G
Technology
India

Bank ID: 1364444

6 March 2013


2012 Performance, Pay and Potential (P
3
) Statement

2011 P
3
Final Review Rating: -
2012 P
3
Final Review Rating: 3B

Performance Year: 2011

2012

2013
Fixed Pay
a

Total Employment Cost (TEC) - INR 550,000 INR 632,500
Variable Compensation
b

Annual Performance Award (Cash)
-
INR 36,544
Total Compensation
c

(Fixed Pay + Total Variable Compensation)
-
INR 586,544




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 2011 and 2012 are taken as at 31 December each year. The 2013
column shows your Total Employment Cost (TEC) which will be effective on 1 April 2013.

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 between 11 and 15 February 2013.
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 2012 2013, if any, will be adjusted towards the Statutory
Bonus payable for the Financial year 2012 2013.

c
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.

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, salary increase or allowances 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 payment
date.

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).

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