Provisional Offer Letter

Ref: NBISL/CTK20223943542/INDIA
Date: 05 August 2024

Dear Usthela Veerajanaki,

Subject: Provisional Letter of Offer

We are excited to extend a provisional offer of employment for the position of Software
Engineer at Berkshire IT Solutions LLC. Your qualifications, skills, and experience have
impressed us, and we believe that you will be a valuable addition to our team.

This offer is based on your profile and performance in the selection process. You have
been selected for the position of Software Engineer. You will be a part of the application
development and maintenance projects across any of our businesses or business
partners.

Your gross salary including all benefits will be `5,56,877/- per annum, as per the terms
and conditions set out herein. Over and above this, you will also be eligible for Learning
Incentives (Readiness Incentive and/or Competency Incentive) basis your performance.

Kindly confirm your acceptance of this offer online by replying to the email 'Accept Offer
letter'. If not accepted within 2 Days, it will be construed that you are not interested in
this employment and this offer will be automatically withdrawn.

After you accept this offer, you will be given a joining letter indicating the details of your
joining date. The Joining letter will be issued to you only upon successful completion of
your academic course and meeting the eligibility criteria. You will also be issued a letter
of appointment at the time of your joining after completing joining formalities as per
company policy. Your offer is subject to a positive background check.
COMPENSATION AND BENEFITS BASIC SALARY

You will be eligible for a basic salary of `32,825/- per month and a monthly in hand
salary of INR 55825/-

BOUQUET OF BENEFITS (BoB)

Bouquet of Benefits offers you the flexibility to design this part of your compensation
within the defined framework, twice in a financial year. All the components will be
disbursed on a monthly basis. The components under Bouquet of Benefits are listed
below. The amounts given here for each of the components below are as per
pre-defined structure. However you may want to re-distribute the BoB amount between
the components as per your tax plan, once you join

Taxation will be governed by the Income Tax rules. We will be deducting tax at source
as per income tax guidelines.

1. House Rent Allowance (HRA)

Your HRA will be `10,000/- per month. While restructuring your BoB amount to various
components, it is mandatory that at least 5% of monthly basic pay be allocated towards
HRA.

2. Leave Travel Allowance

You will be eligible for annual Leave Travel Allowance which is equivalent to one
month's basic salary or a pro-rata amount in case you join during the financial year. This
will be disbursed on a monthly basis along with the monthly salary. To avail income tax
benefits, you need to apply for a minimum of three days of leave and submit supporting
travel documents.
PERFORMANCE PAY

Monthly Performance Pay

You will receive a monthly performance pay of `5,000/-. The same will be reviewed on
completion of your first Anniversary with the company and will undergo a change basis
your own ongoing individual performance.

Quarterly Variable Allowance

Your variable allowance will be `2000/- per month, and will be paid at the closure of
each quarter based on the performance of the company and your unit and to the extent
of your allocation to the business unit. Quarterly Variable Allowance is subject to review
on your first anniversary and may undergo a change based on the actual performance
of the Company, your business unit and your own ongoing individual performance.

The payment is subject to your being active on the company rolls on the date of
announcement of Quarterly Variable Allowance. This Pay/Allowance shall be treated as
productivity bonus in lieu of statutory profit bonus.

CITY ALLOWANCE

You will be eligible for a City Allowance of `1000/- per month. This is specific to India. It
will stand to be discontinued while on international assignments. This allowance is fully
taxable and subject to review.

OTHER BENEFITS

Health Insurance Scheme

We bring the benefit of health insurance cover to you and your dependants under the
company's Health Insurance Scheme(HIS). HIS offers the following benefits:

1. Basic Cover

i. Entitlement - Includes domiciliary expenses up to `6,000/- per insured person per

annum and basic hospitalization expenses up to `2,00,000/- per insured person per
annum.
ii. Premium - Basic premium for self, spouse and three children is entirely borne by the
company, provided these members are explicitly enrolled by you under the scheme.
Additionally, if you wish to cover dependent parents/parents-in-law or remaining
children, the applicable premium per insured person is to be borne by you.

Maternity Leave

Women employees are eligible to avail maternity leave of twenty six weeks. Adopting or
commissioning mothers, may avail maternity leave for twelve weeks.

RETIRALS

Provident Fund

You will be a member of the Provident Fund as per the provisions of "The Employees
Provident Fund and Miscellaneous Provisions Act, 1952", and we will contribute 12% of
your basic salary every month as per the provisions of the said Act.

Gratuity

You will be entitled to gratuity as per the provisions of the Gratuity Act, 1972.

TERMS AND CONDITIONS

Working Hours

Your working hours are governed by applicable law. You may be required to work in
shifts and/or over time depending upon the business exigencies as permitted by law.

Compensation Structure / Salary components

The compensation structure/salary components are subject to change as per the

company compensation policy from time to time at its sole discretion.

Increments and Promotions

Your performance and contribution to the company will be an important consideration for
salary increments and promotions. Salary increments and promotions will be based on
Compensation and Promotion policy.
Alternative Occupation / Employment

Either during the period of your traineeship or during the period of your employment as
a confirmed employee, you are not permitted to undertake any other employment,
business, assume any public or private office, honorary or remunerative, without our
prior written permission.

Confidentiality Agreement

As part of your acceptance of this appointment as an employee you are required to

maintain strict confidentiality of the intellectual property rights protected information and
other business information of the company and its clients which may be revealed to you
or which may in the course of your engagement with the company or it’s clients come in
your possession or knowledge unless specifically authorized to do so in writing. This
Confidentiality Clause shall survive the termination or earlier determination of this
Appointment. The detailed Confidentiality related terms and conditions are set out in
Annexure 3.

It is essential that you understand the applicable Policy and / or the Guidelines of such
flexible working and ensure adherence to Security Policies/Protocols and Confidentiality
obligations at all times.

Overseas International Assignment Agreement

If you are on international assignment, you will be covered by the India

Policy-International Assignments (from India to other Countries) from the date of
placement for an international assignment. Accordingly, you will be required to sign the
Overseas International Assignment Agreement/s and any other applicable related
documents pertaining to the international assignment for which you are being placed In
case of every international assignment that exceeds 30 days,
Terms and Conditions

The above terms and conditions are specific to India and there can be changes to the
said terms and conditions in case of deputation on international assignments.

Retirement

You will retire from the services on reaching your 60th birthday as per the proof of age
submitted by you at the time of joining.

Background Check

Your association with us will be subject to a background check in line with our
background check policy. A specially appointed agency will conduct internal and
external background checks and verify your documents and License key. Normally, such
checks are completed within one month of joining.If the background check reveals
unfavorable results, you will be liable to disciplinary action including termination of
traineeship/service without notice.
Submission of Documents

Please note that you should initiate and complete the upload of mandatory documents
on the portal as soon as you receive your license key (subject to availability of the
documents).

Please carry the below listed Original Documents for verification:

1. Permanent Account Number (PAN) Card - You are required to submit a copy of your
PAN card. As per Indian Income Tax rules, the PAN number is a mandatory requirement
for processing salary

2. Aadhaar Card

3. Standard X and XII/Diploma mark sheets & Certificate

4. Degree certificate/Provisional Degree Certificate and mark sheets for all semesters of
Graduation

5. Degree certificate and mark sheets for all semesters of your Post Graduation(if you
are a Postgraduate)

7. Birth Affidavit on Rs100 stamp paper, if Birth Certificate not in English

8. License Key and Certificate

9. Passport Size Photograph

10. Medical Fitness Certificate

Letter of Appointment

You will be issued a letter of appointment at the time of your joining and after completing
joining formalities as per our policy.

Rules and Regulations of the Company

Your appointment will be governed by the policies, rules, regulations, practices,

processes and procedures as applicable to you and the changes therein from time to
time.The changes in the Policies will automatically be binding on you and no separate
individual communication or notice will be served to this effect. However, the same shall
be communicated on the internal portal.

Compliance to all clauses

You should fulfill all the terms and conditions mentioned in this letter of offer. Failure to
fulfill one or more of the terms and conditions and/or failure to complete one or more
requirements would entitle us to withdraw this offer letter anytime at our sole discretion.

Withdrawal of Offer

If you fail to accept the offer within 2 days, it will be construed that you are not
interested in this employment and this offer will be automatically withdrawn. We look
forward to having you in our global team.
 Gross Salary Sheet

Name Usthela Veerajanaki

Designation Software Engineer

Compensation Details (All Components in INR)

Component Category Monthly Annual

1) Fixed Compensation
Basic Salary 32825 393900
Bouquet Of Benefits 12000 144000

2) Performance Pay
Monthly Performance Pay 5000 60000
Quarterly Variable Allowance 2000 24000

3) City Allowance 1000 12000

4) Annual
Components/Retirals
Health Insurance NA 10000
Provident Fund 2000 24000
Gratuity 1000 12000
Total of Annual Components & 3000 46000
Retirals

TOTAL GROSS 55825 680000

Component Category Monthly Annual

House Rent Allowance 10000 120000
Leave Travel Assistance 2000 24000
GROSS BOUQUET OF BENEFITS 12000 144000
Position: Software Engineer
Start Date: To be announced
Employment Type: Full-time
Department: Software Development Team
Location: Remote
Compensation and Benefits:
Salary: INR 6,80,000
Benefits: Health Insurance, Retirement Plan, Vacation Days

Responsibilities:

As a Software Engineer at Berkshire IT Solutions LLC, you will be responsible for:

● Developing and maintaining software applications in accordance with project
requirements.
● Collaborating with cross-functional teams to design, implement, and test software
solutions.
● Writing clean and efficient code, conducting code reviews, and ensuring
adherence to coding standards.
● Troubleshooting and debugging software issues, and proposing innovative
solutions.
● Keeping up-to-date with industry trends and technologies to continuously
improve software development practices.

Requirements:

To succeed in this role, we expect you to possess the following qualifications:

● Bachelor's or Master's degree in Computer Science, Software Engineering, or a
related field.
● Strong programming skills in Programming Languages.
● Experience with relevant technologies, tools, or methodologies.
● Excellent problem-solving abilities and attention to detail.
● Effective communication and teamwork skills.
We kindly request that you carefully review the offer letter and provide your acceptance
or any feedback within 2 days from the receipt of this email. To confirm your
acceptance, kindly reply to this email with “ I Accept”.

Please note that this provisional offer is subject to successful completion of

pre-employment background checks, reference checks, and any other
requirements as determined by the company. So, you are requested to kindly
initiate your document verification process and fill the WFH survey.

If you have any questions or require further clarification, please do not hesitate to
contact our HR department at alex.hr@berkshireitsolution.com. We are here to assist
you throughout the process and address any queries you may have.

We are thrilled about the possibility of having you join our team. We believe that your
skills and expertise will contribute to our ongoing success. We look forward to working
together and achieving great things.

Congratulations once again on your provisional offer of employment!

Best regards,

Alexander Matthews
Head of Talent Acquisition
Berkshire IT Solutions LLC
Alex.hr@berkshireitsolution.com