Mahindra Satyam Offer Letter

Dear Mr Avinash Madharavena,
Greetings from Mahindra Satyam!!
We are pleased to offer you an appointment in our organization with effect from September 7, 2011.
We are confident that your contribution will take us further in our journey towards becoming world most valued
Information Communication Technology company. We assure you of our support for your professional
development and growth.
The first step in the joining process is the completion of your pre-joining formalities mentioned below.
1. Virtue update - VIRTUE login id and password will be sent to your mail id provided at the
time of interview. You are required to update the necessary details in VIRTUE and carry a
print of the joining report on the date of joining.
2. Background (BG) check verification -BG verification vendor will get in touch with you and
guide you through the process of providing the necessary documents to complete the
verification process.
3. Completion of the pre-joining medical test at least 48 hours prior to the date of joining.
Please note that it is mandatory to complete the above formalities prior to joining. You are requested to report to
the joining location @ MSat Satyam School of Leadership , Satyam Computer Services Ltd.,Plot No's 22 to
25 and 25 to 34, Hi-tech City, Madhapur, Hyderabad - 500 081,Andhra Pradesh, Tel. 040-30675382. and
meet Mr. Surender Kumar Muthuchetty on September 7, 2011, 9:00 AM.
The joining location address is as given below:
We congratulate you on your appointment and wish you a long and successful career with us.
For any further clarification kindly do reach back to us on the below communication co-ordinates.
Email: Joining_helpdesk@mahindrasatyam.com
Ph : 1-800- 3072-8926
Ref No: SCSL/ELTP-CADM/HYD/538121 April 29, 2011
Mr Avinash Yadav Madharavena

Hyd
Hyd -
Ph: 91-00
Sub: Offer of Appointment.
Dear Mr Avinash Madharavena,
1. With reference to our discussions held on April23, 2011 at , we are pleased to offer you an appointment
in our organization as a in Band S ( Sub Band S1-ELTP) operating out of our Hyderabad centre.
2. Your "Annual Total Cash Compensation and Benefits package" will be Rs. 3,07,000 (Rs. Three Lakhs
Seven Thousand Only) which includes Insurance and Gratuity benefits. Please refer Annexure-A for
details.
3. You will also be eligible for a reimbursement of the relocation expenses as per company policy.
4. Your employment with us will be governed by the terms and conditions specified in Annexure-B.
5. You are required to join on September 7, 2011 and the offer stands withdrawn thereafter, unless the date
is extended and communicated to you in writing.
6. Kindly acknowledge the acceptance of this Offer of Appointment in VIRTUE(Mahindra Satyam' Online
Joining Application) by filling up all the required details prior to your joining date. VIRTUE login ID and
password has been sent to your e-mail ID.
7. A clear background check verification report is mandatory for all the Associates at the time of
reporting/joining. We are facilitating you the same and you are required to fill in the required details and
uploadthe necessary documents on CSPI portal. You would be receiving the User ID, Password and other
required details would be sent to your e- mail ID from our authorized third party vendor.
8. You are requested to report on September 01, 2011 to Mr. Surender Kumar Muthuchetty at 9:00 AM to
complete the joining formalities at Mahindra Satyam, Satyam School of Leadership, Satyam Computer
Services Ltd.,Plot No's 22 to 25 and 25 to 34, Hi-tech City, Madhapur, Hyderabad - 500 081,Andhra
Pradesh, Tel. 040-30675382. At the time of joining, you are requested to submit the copies of the
documents as per Annexure-C.
_________________________________________________________________ ___________________________________________
Satyam Computer Services Ltd
Registered Office:Infocity, Unit 12,Plot No.35& 36,Hitech City Layout,Sy No.64,Madhapur
Hyderabad 500081, Andhra Pradesh,India.Tel:+91 40 3063 6363 Fax: +9140 4022 4122
9. You are requested to complete Pre-Employment Medical Examination (Annexure - D) at least two days
prior to joining date. Please note that this offer is subject to your being medically fit for employment. The
physician can be contacted between 9:00 AM - 2:00 PM and 4:00 PM - 8.00 PM. Request you to take
prior appointment (at least 24 Hrs in advance) to avoid any inconvenience at the medical center.
10. In case of further clarifications, please get in touch with Srilekha Chada (on E-Mail:
SRILEKHA_CHADA@MAHINDRASATYAM.COM, and quote the reference no as mentioned above.
We welcome you to MAHINDRA SATYAM, and look forward to a long and mutually beneficial
association.
For Satyam Computer Services Limited("Mahindra Satyam"),
Mukund Menon
HEAD HR RELATIONSHIPS
Encl: Annexure-A (Salary Structure), Annexure-B (Terms & Conditions of Employment),

Annexure-C (Checklist of Documents), Annexure-D (Medical Examination Letter),
_________________________________________________________________ ___________________________________________
Ref No: SCSL/CADM/HYD/538121/150795 April 29, 2011
ANNEXURE-A
(All figures in INR)
Name : Avinash Yadav Madharavena
Band : S
Sub Band : S1-ELTP
Location : Hyderabad
A. Fixed Compensation Per Month Per Annum

Basic Salary 6,741 80,892
HRA 3,371 40,446
Flexible Benefit Plan 1 10,550 1,26,595
Bonus2 1,000 12,000
Provident Fund (12% Of Basic Salary) 809 9,707
Total Fixed Compensation 22,470 2,69,640
B. Variable Compensation (Amount Specified Is At 100% Pay Out) Per Annum

Total Variable Compensation 29,960
Total Cash Compensation (TCC) {A+B} 2,99,600

Medical,Accident & Life Insurance Premium 4 3,640
Gratuity5 3,760
Cost To Company (CTC) 3,07,000
1. Flexible Benefit Plan:

Associates will also be given an option of restructuring their 'Flexible Benefit Plan' under the following heads :
a. Transport Allowance
b. Leave Travel Assistance
c. Medical Reimbursement
d. Car Scheme as per applicable policy
e. Special Allowance
The above shall be guided by the 'Flexible Benefit Plan Guidelines' available on PowerON / WebPay
2. Bonus shall apply as per The Payment of Bonus Act, 1965
Notes:
1 TCC includes all components of Cash Compensation.
2 Variable Compensation is governed by the provisions of Variable Compensation Policy
3 In addition to above, Associates carrying Individual Revenue Targets (Sales, Relationship Management etc) will be covered
by the "PerformanceBonus Policy". Pls. refer to Policy for details.
4 Medical, Accident and Life Insurance includes:
a. Group Medical Insurance for Self and 3 dependents (including spouse and dependent children)
b. Group Accident Insurance for Self
c. Group Life Insurance for Self
5 Additionally, Gratuity shall apply as per the 'Gratuity Act 1972'.
Mukund Menon
_________________________________________________________________ ___________________________________________
Annexure-B
TERMS & CONDITIONS OF EMPLOYMENT
1. Verification & submission of copies of certificates
As per the stipulation of Entry Level Trainee Program, this offer of appointment is subject to your
securing a minimum of 60.00% or more marks in the Final Graduation/Post Graduation Examination and
your aggregate percentage from Standard Xth onwards being 60.00% or above. In addition, you are
required to produce all your certificates viz. Marks sheets, provisional certificates in support of your
qualificationsin original for our verification at the time of joining and also submit one set of certified
photocopies of the same for our records.
2. Training
You will undergo a 3 month in-house/project-based training at Mahindra Satyam Learning World. Your
performance will be closely monitored during the training period. At the end of this period, in case your
performance has been up to the mark and you have been successful in tests assigned to you during
training period, you will undergo a 9 month On the Job Training at any of our Development Centres.
After successful completion of 12 months training, you will be absorbed in regular employment in an
appropriate grade of the Company, if suitable vacancy/appointment exists.
It is mandatory for you to pass the Assessment Process conducted by the Company at the end of the
training period. You will be assigned to On-the-Job training only on successful completion of the above
Assessment. Failure on your part to clear this Process will result in termination of employment. The
result of the Assessment Process will be decided by the Company and will be final. No communication in
this regard will be entertained. Please note that the Company's training process and evaluation criteria
may be subject to change from time to time.
3. Mandatory period of service
In consideration of impartation of training, you shall work in the Company atleast for a period of 12
(Twelve) months from the date of successful completion of training.
During such period of training (including on the job training) and Mandatory Period of Service of 24
(Twenty Four) months thereafter, you shall not leave, abandon or resign from the services of the
Company. In the event of:
a) yourself leaving, abandoning or resigning from the services of the company
or
b) your services being terminated by the Company for non performance, breach of any of the terms &
conditions of your service or for any other reason whatsoever,
Signature of the Associate
_________________________________________________________________ ___________________________________________
during the above-mentioned period of training and 24 (Twenty Four) months of mandatory period of
service, you shall be liable to follow the terms and conditions mentioned in the Indemnity Bond.
You are required to execute the Indemnity Bond on a Rs. 100 (Rupees One Hundred) Stamp Paper and
submit the same at the time of joining.
4. Termination of Employment
a) (i) Training Period: During the initial training mentioned in clause 2 of this offer letter, your performance
would be closely monitored and if your performance is not as per the prescribed criteria the company
reserves the right to terminate your services without notice.
(ii)Either party can terminate this employment by serving a notice of 60 days on the other only after the
completion of the training period & the "Mandatory period of service" (as mentioned in Clause 2&3
above) i.e. on completion of 24 months service from Date of Joining (as mentioned in Clause 3 above).
The Company may at its absolute discretion make a payment representing salary (basic) in lieu of notice
of termination.
However, for cause like misconduct, gross negligence, misbehavior or non-performance, Mahindra
Satyam may terminate your services with immediate notice. The Company shall have the right to suspend
you on full pay and benefits pending any investigation into potential dishonesty, gross misconduct,
misappropriation, gross negligence, fraud or other circumstances (if proved) would entitle the Company
to dismiss your services summarily.
b) Unauthorized absence or absence without permission from duty for a continuous period of 7 days would
be treated as abandonment of service and make you lose your lien on employment. In such case your
employment shall automatically come to an end without any notice of termination.
c) You will be governed by the Company's laid down Code of Conduct and if there is any breach of the
same or non-performance of contractual obligation or the terms and conditions laid down in this
agreement, your service could be terminated without any notice notwithstanding any other terms and
conditions stipulated herein. The Company further reserves the right to invoke other legal remedies as it
deems fit to protect its legitimate interests.
d) Reference check will be made from your institute. In the event Mahindra Satyam receives any adverse
report about you which may be detrimental to the interests of the company; or if Mahindra Satyam opines
that the information furnished by you is not true, then, the company reserves the right to terminate your
services immediately (notwithstanding any other provisions) on the grounds of misrepresentation of facts
and the company shall not be liable to pay any amount what so ever.
5. Code of Conduct
You shall conduct yourself in conformity with the code of conduct, as in force from time to time. Further,
you shall carry out the instructions in letter and spirit, given by your superiors and shall not disobey the
instructions given. You shall not indulge in any unethical practices like "go slow" or non-co-operation
etc.
_________________________________________________________________ ___________________________________________
6. Restraints
A. Access to Information
Information is available in need to know basis for specified groups. The network file server is segregated
to allow individual sectors for projects and units. Access to these are authorised through access privileges
approved by unit Mentors or Project Mentors.
B. Escalation/Exception Reporting
. A set of areas/jobs to be carried out by each function/circle will be decided

. For each area /job - a suitable policy will be formulated / evolved
. For every policy - standards of measurement will be laid down
. Goals for year/quarter/month will be periodically reviewed
. Alternatively, if such deviation will pose a threat and if it is not corrected will be escalated
immediately for corrective action jointly agreed upon and it will be implemented as per schedule.
If there is any deviation/modification/amendment it will be further escalated to next level.
. Deviation if any with regard to policies or standards will be monitored and brought up for
discussion in review meetings if such deviation could wait till review meeting.
C. Non disclosure
You are expected to maintain utmost secrecy in regard to the affairs of the Company and shall keep
confidential any information, instruments, documents, etc., relating to the Company that may have come
to your knowledge as an Associate of the Company. You are required to sign Non Disclosure Agreement
at the time of joining.
D. Non Compete
Your position with the Company calls for whole time employment and you will devote yourself
exclusively to the business of the Company. You will not take up any other work for remuneration (part
time or otherwise) or work on advisory capacity or be interested directly or indirectly (except as
shareholder or debenture holder) in any other trade or business, during your employment with the
Company, without written permission from the Company.
Post Employment
On leaving the services of the company, you shall not take up a full-time/part-time employment with any
of our Customers and Associates for a period of 2 years from the date of termination of your employment
with Mahindra Satyam.
E. Authorization
Only those authorized under power of attorney may sign legal documents, representing the organization.
_________________________________________________________________ ___________________________________________
F. Smoking
We owe and assure a smoke free environment for our Associates. Barring some demarcated areas, the
entire office premises including conference rooms, lobbies, cafeteria is declared as "No-Smoking Zone".
G. Passwords
Access to our network, development environment and MS-Outlook is through individual's password. For
security reasons it is essential to maintain confidentiality of the same. If the password is forgotten, the
Networking & Systems (N&S) Group is to be contacted to reset and allow you to use a new password.
H. Security
Security is an important aspect of Mahindra Satyam's communication and office infrastructure. We have
security personnel deployed in all the floors who take care of the security. Those of you who wish to
work late or early hours are requested to produce your identity cards to the Security personnel on
demand. If there is a need to take some of the equipments/infrastructure out of the office premises for any
reason shall obtain the gate pass from the security staff after the authorisation from your Reporting
Manager. There are two types of gate passes a) Returnable b) Non-returnable.
The communication security is maintained by controlling physical access to computer systems, disabling
all workstation floppy disk drives, and a company-wide awareness about the need for protection of
intellectual property and sensitive customer information. For some projects, the company uses
sophisticated data encryption devices.
Your work table and storage space is lockable. Please ensure they are locked when unattended. Duplicate
keys are maintained with Security. One can take a duplicate key after signing for it for ones own or team
members table or storage.
a) Destroying Papers & Material

Any official communication which is confidential in nature shall be destroyed through paper shredder
after the purpose is served.
b) Use of Company Resources
You shall use the company's resources only for official purposes.
7. State of Facts
It must be specifically understood that this offer is made based on your proficiency on
technical/professional skills you have declared to possess as per the application. In case, at a later date,
any of your statements/particulars furnished are found to be false or misleading, the company shall have
the right to terminate forthwith and you shall be considered to have committed breach of contract.
_________________________________________________________________ ___________________________________________
8. Place of Training
The company shall have the right to decide the place of training which can be anywhere within the
country.
9. Relocation Allowance
You will be eligible for relocation allowance not exceeding Rs.15000 towards travel for self, movement
of baggage and initial hotel accommodation. The above mentioned amount will be reimbursed subject to
production of relevant receipts / lease agreement.
The allowance is payable only after completion of one month of service with the organization.
The allowance needs to be claimed within 4 months from date of joining.
10. General
a) On completion of your training period, the company has the option to assign you to projects on any
platform at any location. This is based on the skills required for a particular project & the environment
prevailing at that point of time.
b) As part of the training program, you will be required to come either early or late hours depending on the
availability of machine and other resources.
The above terms and conditions are based on company policies, procedures and other rules currently
applicable and are subject to amendments from time to time. You will also abide by all other rules and
regulations of the company as shall be in force, from time to time.
In all matters, including those not specifically covered here, such as Travelling, Leave, etc., you will be
governed by the rules of the Company framed from time to time.
You shall be present in the office during normal working hours as specified in the employee handbook
and other documentation provided to you, or during hours expressly designated for you in writing.
You shall provide details regarding the utilization of your time by entering the same into Mahindra
Satyam's web-based electronic Timesheets (Ontime) on a daily basis. In case you are attached to any
project where the client may have requirement of recording specific time-efforts, you shall comply with
such requirement also, in addition to Mahindra Satyam's TSMS (Ontime) .
_________________________________________________________________ ___________________________________________
This offer is purely based on the information/documents provided by you and by accepting the offer, you
specifically authorize the Company or any external agency through Mahindra Satyam to verify your
educational, employment antecedents, your conduct and any other background checks prior to your
joining the Company or thereafter. You shall extend your co-operation (if asked for) during such
verification without any protest or demur.
________________________________________________________________________ ______________
I have read the above terms and conditions of Employment and would hereby confirm strict adherence to the
same.
Date : Signature :
Place : Name :
Witnesses :
1)
2)
_________________________________________________________________ ___________________________________________
Annexure-C
CHECKLIST
At the time of reporting, you are requested to the submit the following documents *
S. No. Particulars Checklist

Yes / No
A. Course Completion Certificate from the college Principal. Yes / No
B. Please bring the following certificates in original supporting your educational

qualifications along with mark sheets for verification only and Yes / No
two attested copies of each document for joining formalities.
. Xth Certificate & mark sheets
. XIIth Certificate & mark sheets
. Degree Certificate & Semester/year-wise mark sheets
. Master's Certificate & Semester/year-wise mark sheets
. Diploma/PG Diploma Certificates & Transcripts
. Any other Certificates with supporting documents, if any
C. Duly signed Mahindra Satyam's Offer of Appointment - 2 copies Yes / No
D. Post Card size Family Photographs - 2 copies Yes / No
E. Color Passport-size Photographs - 7 copies Yes / No
F. Valid Passport
Please submit copy of the valid Passport (inclusive of all blank pages). In case
you do not have a passport, please apply for the same and submit proof of
submission (Passport Office ticket). Upon receipt of Passport from Passport Yes / No
Office, please submit the documents to VDS Joining Formalities Team.
G. PAN Card and Proof of PAN Number
You must carry and provide your PAN Card copy. Please note that it is
mandatory to provide the PAN number for processing your payroll and no Yes / No
payments on account of salaries can be made without a PAN number.
H. Birth Certificate of self, spouse & children (if applicable) should be obtained
from the Municipal Office on Form 9 with full name of the individual,
full name of the father, full name of the mother, date of birth and place of Yes / No
birth.
* Your offer has been made based on the information furnished by you. However, if there is a discrepancy in the
copies of the documents/certificates given by you as a proof in support of the above, the Company reserves the
right to revoke the offer of appointment.
_________________________________________________________________ ___________________________________________
Annexure-D
Pre-Employment Medical Examination
Ref : SCSL/ELTP-CADM/HYD/538121 April 29, 2011
Dear Mr. Avinash Yadav Madharavena,
As a mandatory part of the pre employment process, please complete Medical Test formalities in any of these
locations.
HYDERABAD CHENNAI
Medinova Diagnostic Services Super Religare Laboratories
6-3-652, Somajiguda Near Eenadu Office Wellness Centre
Hyderabad 500082 AB-46,1ST Street, 6th Main Road,
Tel No : 040-23311122 / 23311133 (Opp Iyappan Temple),Annanagar,
Chennai - 600040.
Ph : 044 - 26204704 / 05
PUNE BANGALORE
SRL Ranbaxy Limited SRL Ranbaxy Ltd,
2nd floor,Matruchaya 47, Millers Road,Off Cunningham Road
Opp.Dena bank Opp. Bhagwan Mahavir Jain Hospital,
Next to Hotel Kuber Khyber,Deccan Gymkhana Bangalore-52
JM Road,Pune-41104. Tel No.:080-41137333
Tel No.:020-30251200 / 020-39401111
Medinova Diagnostic Services Medinova Diagnostic Services
1319, Jungli Maharaj Road, 55, Infantry Road
Opp Modern High School 94,S.D. Road, Bangalore: 560001
Shivaji Nagar, Pune- 411005 Tel No : 080-41130109
Tel No:020 - 25533731 / 25534987
.....Cont. in Page:2
_________________________________________________________________ ___________________________________________
MUMBAI BHUBANESWAR
SRL Ranbaxy Ltd. Kalinga Hospital Limited
Plot No.113, MIDC,15th Street Chandrasekharpur
Andheri (East),Mumbai - 400093 Bhubaneswar: 751023
Tel No :022-67801234/44,30811111 Tel No : 0674-2300570
NEW DELHI KOLKATA
SRL RANBAXY LIMITED Super Religare Laboratories Ltd
C -57, Ground Floor Midland Park, Sector V, AN Block
Preet Vihar,New Delhi Saltlake Byepass Road,Kolkata,-711 102,
TelNo:011-30217200 EXT 202 Tel:91 33 30203400/30203444/+919830806390
MP Diagnostic Heart Centre Medinova Diagnostic Services
W 33,Greater Kailash I (next to M-Block) 1,Sarat Chatterjee Avenue
Greater Kailash Part Kolkata -700029
New Delhi: 110048 TelNo:033-24661780/24663651/24660780
Tel No : 011-29234830/9831/5065
GURGAON AHMEDABAD
SRL Ranbaxy Limited SRL Ranbaxy Limited
GP-26, Maruti Industrial Estate 101-102 1st Floor,The Grand Mall,
Udyog Vihar Opp.SBJ Zonal Office,Near CN Vidyalaya
Sector-18 Ambawadi,Ahmedabad-380015
Gurgaon-122015 Tel No.:079-30612200/39401111
Tel No.:0124-4591000/4047733/425773
The reports pertaining to the above can be directly sent to Mr. Surender Kumar Muthuchetty at Mahindra
Satyam.,Satyam School of Leadership, Satyam Computer Services Ltd.,Plot No's 22 to 25 and 25 to 34,
Hi-tech City, Madhapur, Hyderabad - 500 081,Andhra Pradesh, Tel. 040-30675382 with the Doctor's
recommendation.
Yours Sincerely,
for Satyam Computer Services Limited("Mahindra Satyam"),
Mukund Menon
_________________________________________________________________ ___________________________________________
INDEMNITY BOND WITH SURETY
This Indemnity is made and executed at ____________________________ (Current Location) on this ___________
(Joining Date) day of ______________________ (Joining Month)__________ (Joining Year) by
Mr/Ms/Mrs.____________ _____________ _______ ________ age ___ ___ S/o Mr.______ ________ _______ _______ a
permanent resident of ____________ ____________ __________ _________ ________ ______________ __________
_____________ [hereinafter called "Employee" which expression shall, unless repugnant to the context or meaning thereof,
mean and include his heirs, legal representatives, administrators, executors and assigns] the party of the first part
AND
Mr.__________ ___________ ________ ________(Name of Surety) age __ ___ S/o Mr.____________ ____________
_______ ________ (Father's Name of Surety) a permanent resident of ______________ ________ _________________
________________________ ___________________ (Surety Address) [hereinafter called "Surety" which expression shall,
unless repugnant to the context or meaning thereof, mean and include his heirs, legal representatives, administrators, executors
and assigns] the party of the second part,
IN FAVOUR OF Satyam Computer Services Limited, a company incorporated under the Companies Act, 1956 and having
its Corporate Office at Infocity, Unit 12, Plot No.35& 36, Hitech City Layout, Sy No.64, Madhapur, Hyderabad 500081
[hereinafter called "Mahindra Satyam" which expression shall, unless repugnant to the context or meaning thereof, mean
and include its successors-in-interest and permitted assigns].
WHEREAS the Employee has been selected for appointment as _________ __________ ________in ________ ______
_______in the service of Mahindra Satyam.
AND WHEREAS an Offer of Appointment containing the terms and conditions of the appointment has already been issued
to the Employee vide letter No. ____________________ dated ______________________ of Mahindra Satyam.
AND WHEREAS the acceptance of the terms and conditions of the appointment has already been communicated to
Mahindra Satyam on ______________________ by the Employee.
AND WHEREAS one of the terms and conditions of the appointment is that the Employee shall undergo an initial training
programme (hereinafter referred as "ITP") for a minimum period of three (3) months and would be subsequently placed on
assignments relating to various projects of Mahindra Satyam. The Employee shall serve Mahindra Satyam for a minimum
period of twenty four (24) months from the date of joining of the Employee and execute an indemnity with surety in favour of
Mahindra Satyam.
_________________________________________________________________ ___________________________________________
NOW THIS INDENTURE WITNESSETH as under:
1. In compliance of the aforesaid condition in Offer of Appointment subject to which Mahindra Satyam has agreed to
give appointment to the Employee, the Employee hereby undertakes to undergo the ITP as provided by Mahindra
Satyam without any interruption whatsoever and serve Mahindra Satyam, on its various projects at any location, in
India or abroad, for a minimum period of twenty four (24) months from the date of joining.
2. The Employee hereby undertakes to devote his/her full time and attention to the business of Mahindra Satyam with
due care, skill and diligence. The Employee further undertakes to use his/her best efforts in the performance of his/her
duties and responsibilities and abide by the rules and regulations of Mahindra Satyam.
3. The Employee hereby undertakes to honor the commitment made by Mahindra Satyam to its customer/s for
completion of any project/s and further undertakes not to abandon any project before its completion.
4. The party of the second part i.e._______________________________________agrees to stand as Surety for the due
performance of the obligation of the Employee under this agreement of indemnity. In case of breach of the terms of
this indemnity by the Employee and failure to indemnify Mahindra Satyam, the Surety shall be jointly and severally
liable to pay the aforesaid amount of Rs. 100,000 (Rupees One lakh only) to Mahindra Satyam with an interest at the
rate as specified herein below, immediately on demand.
5. The Employee further agrees and undertakes that in case, he/she commits breach of the above conditions and
resigns from or leaves/abandons the service and/or neglects in performance of the duty assigned to him/her
leading to termination of his/her service as per rules/regulations, by Mahindra Satyam, he/she shall pay an
amount of Rs. 100,000 (Rupees One lakh only) with the interest thereon @ 15% per annum from the date of
breach of the above till the payment thereof, as liquidated damages/cost of training including on the job training,
the expenses which Mahindra Satyam has incurred/may have to incur in recruiting another employee in his/her
place, and also on account of business loss suffered/to be suffered by Mahindra Satyam during intervening
period. The employee and surety agrees that assessment of liquidated damages as assessed as Rs. 100,000
(Rupees One lakh only) are reasonable, which they both agree to pay jointly and severally, on demand made by
Mahindra Satyam.
6. Nothwithstanding anything contained herein above, furnishing of this indemnity will not create any right in favour of
the Employee to continue in the service of Mahindra Satyam for the aforesaid term of twenty four (24) months, and
Mahindra Satyam shall always have the right to take appropriate action against the Employee as per terms of the
appointment letter and/or the rules and regulations of Mahindra Satyam as applicable, in case of commission of any
misconduct by the Employee.
7. The amount specified above shall constitute a debt owing to MahindraSatyam and shall be recoverable from the
Employee and the Surety jointly and severally with interest thereon at the rate specified above till the payment thereof.
_________________________________________________________________ ___________________________________________
IN WITNESS whereof, the EMPLOYEE & the SURETY have put their signatures in the presence of the witnesses.
Signed and delivered by the Party of

the first part i.e. the Employee having
read and understood the contents/terms
of this Indemnity Bond ___________________________________________________
Signed and delivered by the Party of

the second part i.e. the Surety having
read and understood the contents/terms
of this Indemnity Bond ___________________________________________________
1. WITNESS:
NAME & ADDRESS:
2. WITNESS:
NAME & ADDRESS
_________________________________________________________________ ___________________________________________

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Mahindra Satyam Offer Letter

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Dear Mr Avinash Madharavena,

Greetings from Mahindra Satyam!!

The joining location address is as given below:

Mr Avinash Yadav Madharavena

Dear Mr Avinash Madharavena,

For Satyam Computer Services Limited("Mahindra Satyam"),

Encl: Annexure-A (Salary Structure), Annexure-B (Terms & Conditions of Employment),

A. Fixed Compensation Per Month Per Annum

B. Variable Compensation (Amount Specified Is At 100% Pay Out) Per Annum

Total Cash Compensation (TCC) {A+B} 2,99,600

1. Flexible Benefit Plan:

TERMS & CONDITIONS OF EMPLOYMENT

1. Verification & submission of copies of certificates

3. Mandatory period of service

Signature of the Associate

Signature of the Associate

. A set of areas/jobs to be carried out by each function/circle will be decided

Signature of the Associate

a) Destroying Papers & Material

Signature of the Associate

The allowance needs to be claimed within 4 months from date of joining.

Signature of the Associate

S. No. Particulars Checklist

B. Please bring the following certificates in original supporting your educational

Pre-Employment Medical Examination

Ref : SCSL/ELTP-CADM/HYD/538121 April 29, 2011

Dear Mr. Avinash Yadav Madharavena,

Signed and delivered by the Party of

Signed and delivered by the Party of

NAME & ADDRESS:

NAME & ADDRESS

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