Non-linear normal modes (nnms) and their applications in ...
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Re : Management Remuneration Package 2014 Dear DHARA SOUVIK, We are glad to announce the Management Remuneration Package 2014 (MRP2K14). Your remuneration has been recommended for revision effective 01/04/2014, based on the following criteria:
Current Cost to the Company
Market Value
Performance
Potential
Criticality of the Position
Attitude and Behaviour &
Values
Enclosed is the details of your revised remuneration package. The details comprises of Fixed Remuneration, Expense
Reimbursement, Performance Linked Variable Remuneration and Benefits. The revised Remuneration package also includes the
following, if applicable :-The revised Remuneration package also includes the following, if applicable :-
Increment due to Promotions
Change due to Transfer
The Company considers employee remuneration to be personal and confidential and expects all individuals to maintain complete
confidentiality regarding the same. The Company shall seriously view any breach of confidentiality with regard to the above.
As you know, we have embarked on an ambitious goal of growing ten times in ten years. We are confident that with your deep
commitment and sustained efforts we shall achieve the same.
Yours truly,
Encl.: Details of your Revised Remuneration Package
Godrej & Boyce Mfg. Co. Ltd.Regd. Office: Pirojshanagar,Vikhroli, Mumbai 400 079, IndiaTel: +91-22-6796 1700 / 1800www.godrej.comCIN U28993MH1932PL001828
MRP2K14/2014/APPL/17747
01st August, 2014
Name :DHARA SOUVIKSalary Code :17747Band :PBC/RC/CC :DE/068/V1Location :GUWADivision/Dept. :APPL
A. G. VERMA Kamal NandiExecutive Director & HeadCorporate Personnel & Administration
Executive Vice President &Business HeadGodrej Appliances
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Revised Remuneration Package
Section I : Fixed Remuneration
Section II : Performance Linked Variable Remuneration
1)Individual Award based on the Individual Performance:
The Performance Award with maximum earning potential of 30% of your Base Pay
OR
Sales / Service Incentive Scheme (SIS) Award, as declared by the Business from time to time.
2)Award based on Business Performance:
Team Award based on EVA (Economic Value Added) for all employees who are part of the Business
Individual Discretionary EVA Award for exceptional performers in the Business.
Section III : Benefits
1)Two Wheeler Allowance: Rs.1500/- per month for largely Sales and Service Staff whose job requires regular and intensive
traveling as per the Company Policy.
2)Mobile Telephone Expense Reimbursement: Rs.16000/- p.a. as per the Company's Mobile Phone Policy.
Godrej & Boyce Mfg. Co. Ltd.Regd. Office: Pirojshanagar,Vikhroli, Mumbai 400 079, IndiaTel: +91-22-6796 1700 / 1800www.godrej.comCIN U28993MH1932PL001828
MRP2K14/2014/APPL/17747
01st August, 2014Name :DHARA SOUVIKSalary Code :17747Band :PBC/RC/CC :DE/068/V1Location :GUWADivision/Dept. :APPL
Components Existing31st Mar'2014(In Rs.)
Revised (In Rs.) Increase (In Rs.)
Consolidated Basic 15400 19900HRA 1 (Band specific) 3000 3000HRA 2 (Person specific) 41766 50778HRA 3 (Band & Location specific) 12000 13500Medical Allowance 2000 2000Conveyance Allowance 1800 1800Education Allowance 1400 1400Gross Salary (Per Month) 77366 92378 15012Telephone Expense Reimbursement 1500 1500LTA 2000 2000Hospitalisation Insurance Premium 634 866P.F. (@ 12% of Basic) 1848 2388Gratuity (@ 4.81% of Basic) 741 957Cost To Company (Per Month) 84089 100089 16000Cost To Company (Per Annum) 1009068 1201068 192000Base Pay(for the purpose of calculating PerformanceLinked Variable Remuneration )
865068 1039068
Increase due to Revision 192000
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