1. Date : April 1,2013
Ref : HROI/88299463
Privileged and Confidential
Name: Monika Gupta
SSO ID: 324041717
Dear Monika,
In recognition of your performance and contribution in 2012, we are pleased to share your compensation increment effective
April 1, 2013. The details are attached in the annexure. Please do reach out to me or your HR Manager should you need any
additional information.
While we have seen a tough business and economic environment in 2012, GE in India has an extremely positive outlook for
2013. As we gear up for an exciting and promising year ahead, we look forward to your commitment and engagement to
deliver on the objectives set for this year.
Thank you for your contribution and wish you the very best.
Best Regards,
For SBI Cards and Payment Services Pvt. Ltd.
Chada, Srinivasa Ram Prasad
This is a system generated letter and hence does not require any signature
2. This is a system generated letter and hence does not require any signature
Compensation & Benefits Statement
Name: Monika Gupta
Band: Professional Band Date Effective: April 1,2013
Component Amount per annum (INR) Remarks
Basic Salary 436800
Provident Fund 52416 12% of basic salary
Flexible Components 602784
Components to be determined by
employee basis FBP guidelines.
Total Fixed Compensation 1092000
- Variable Pay / Incentive Plan, where applicable to you, will be as per business guidelines
- The amount mentioned above in the Flexible component can be assigned by you as per your Band eligibility. Details are
mentioned on benefits.ge.com
Note:
You are hereby informed that the retirement age for all GE employees in India will be 60 years. The relevant clause in your
appointment letter stands amended to this effect. This would be applicable to employees across all entities for GE in India.
The retirement date will be the last working day of the month in which the employee completes 60 years of age. All other
terms of employment as stated in your appointment letter remain unchanged.