HRD/COV/1006614331/23-24 August 16, 2023

Mr. Shashank Shekhar

Godhi Tola,
Durgapur,
Katihar-854105
India

Ph: +91-9065788169

Dear Shashank,

Welcome to Infosys!

Today, the corporate landscape is dynamic and the world ahead is full of possibilities! At Infosys, we are
guided by our purpose to amplify human potential and create the next opportunity for people, businesses and
communities. None of the amazing things we do at Infosys would be possible without an equally amazing
culture, the environment where ideas can flourish and where you are empowered to move forward as far as
your ideas will take you.

At Infosys, we assure that your career will never stand still, we will inspire you to build what`s next and we
will navigate further, together. Our journey of learnability, values and trusted relationships with our clients
continue to be the cornerstones of our organization and these values are upheld only because of our people.

We look forward to working with you and wish you success in your career with us.

Warm regards,

Sushanth Tharappan
Signature Not Verified
SVP and Head Human Resources - Infosys Limited
Digitally signed by SUSHANTH
MICHAEL THARAPPAN
Date: 2023.08.16 09:33:06 IST
Reason: Digitally Signed
Location: Bangalore

Corporate Office:
CIN: L85110KA1981PLC013115
44, Infosys Avenue
Electronics City, Hosur Road
INFOSYS LIMITED Bangalore 560 100, India
Ace Capitol (Tower 1 & 2 ) T 91 80 2852 0261
Plot No. 37, 37A, Sector 132 F 91 80 2852 0362
Noida [email protected]
Uttar Pradesh - 201304 www.infosys.com

Company Confidential - This communication is confidential between you and Infosys Limited
HRD/1006614331/23-24 August 16, 2023

Mr. Shashank Shekhar

Godhi Tola,
Durgapur,
Katihar-854105
India

Ph: +91-9065788169

Dear Shashank,

Congratulations! We are delighted to make you an offer as Associate Consultant and your role is Associate
Consultant .

Here are the terms and conditions of our offer:

Joining Date
Your scheduled date of employment with us will be August 21, 2023 .

Location
Your location for employment is Noida , Ace Capitol (Tower 1 & 2 ) Plot No. 37, 37A, Sector 132
Noida Uttar Pradesh - 201304.

You may be asked to relocate to any of our units, departments or the offices of our affiliates* and/or the
offices of our customers, depending on business requirements. In such an event, your remuneration and
other benefits shall be determined in accordance with the relevant Policies of the Company in that work
location.

Please be advised that you, by accepting this offer, hereby give your irrevocable consent to the above.
* For the purpose of this agreement, "affiliate" means any entity that controls, is controlled by, or is under
common control with the First Party. For purposes of this Agreement, "control" means possessing, directly
or indirectly, the power to direct or cause the direction of the management, policies or operations of an
entity, whether through ownership of voting securities, by contract or otherwise.

Corporate Office:
CIN: L85110KA1981PLC013115
44, Infosys Avenue
Electronics City, Hosur Road
INFOSYS LIMITED Bangalore 560 100, India
Ace Capitol (Tower 1 & 2 ) T 91 80 2852 0261
Plot No. 37, 37A, Sector 132 F 91 80 2852 0362
Noida [email protected]
Uttar Pradesh - 201304 www.infosys.com

Company Confidential - This communication is confidential between you and Infosys Limited
Page 1 of 7
Probation and Confirmation

You will be on probation for a period of six months from the date of joining us. On successful
completion of your probation, you will be confirmed as a permanent employee of Infosys Limited.
Your confirmation is also subject to your submitting the documents required by the Company, details
of which are enclosed in the Information Sheet at Annexure - III.
Leave

You are entitled to Earned Leave, right from your date of joining. You will be eligible for 15 working
days of leave annually, during probation. On confirmation, you will be eligible for 20 working days of
leave annually.

Leave is credited on a quarterly basis. The leave eligibility shall begin in the quarter of your joining the
Company, on a pro-rata basis.

An illustration with other relevant information have been given in the Information Sheet. The Company`s
Policies also provide for Maternity, Paternity and Bereavement Leave. Further details will be provided to
you at the time of joining.
Compensation and Benefits
Salary

Your Fixed Gross Salary will be INR 80,401 per month and Total Gross Salary inclusive of
Performance Bonus (at an indicative payment of 100%) will be INR 89,334 per month. The break-up
of your salary has been provided in the Compensation Details sheet at Annexure - I.
Performance Bonus

You will be eligible to participate in the Companys discretionary Bonus Plan. Your maximum
Performance Bonus (at a payment of 100%) is INR 8,933 per month. This payment of your Bonus
can vary from 0% to 100% depending on individual, group and Company performance.
Guaranteed Bonus

For the first six (6) months of your employment with Infosys, you will be paid 50% of your maximum
Performance Bonus as Guaranteed Bonus. Performance Bonus is inclusive of, and not in addition to
Guaranteed Bonus. The Bonus Plan which has been attached provides all the details. The break-up of
your compensation has been provided in the Compensation Details sheet at Annexure - I.
Ex - Gratia / Bonus

You will be eligible for an Ex - Gratia/ Bonus payout which is calculated at 20% of the Basic Salary
as mentioned in the Compensation Details sheet at Annexure - I of this letter. The mode of payment
for Financial Year 2023-24 will be as follows:

Company Confidential - This communication is confidential between you and Infosys Limited
Page 2 of 7
 95% of the bonus amount mentioned in the Compensation Details sheet will be paid out on a monthly
basis. The balance amount will be paid out in the end of the financial year.
Basket of Allowances (BOA)

The Basket of Allowances will be paid to you as part of your salary every month.
You will have the flexibility of choosing the components and amounts under such components as per the
options provided to you on the Company intranet, based on your preferences and income tax plans.
National Pension Scheme

We offer all our India based employees the option to contribute towards the National Pension Scheme.
This is an optional retirement benefit introduced by the Government of India for all its citizens. It
enables accumulation of retirement corpus during active employment with add-on tax breaks. Please
refer to the Information Sheet at Annexure - III for more details.
Insurance

You will be eligible to participate in a Group Health Insurance Scheme. You may choose to enhance
the coverage with other participatory optional health insurance plans (Platinum, Gold and Silver).
You will be covered by default under the Standard Plan which provides you and your family (your
spouse and two children up to the age of 22 years) with a cover of INR 500,000 per annum.

You will be covered under the Group Life Insurance Scheme, managed by Infosys Welfare Trust which
provides you with a total Life Insurance cover of INR 8,200,000 of which INR 4,200,000 is covered
towards natural death, and INR 4,000,000 towards an accidental death. All employees become members of
Infosys Welfare Trust, by one-time payment of INR 250 and fixed monthly contribution of INR 325 .

The details of the Scheme would be available to you when you join the Company.
Notice period

You will be required to give three months` notice or salary thereof in case you decide to leave our
services, subject to the Company`s discretion. Where circumstances make it necessary, the Company
will have the discretion to relieve you only at the end of the three months` notice period. Similarly, the
Company can terminate your services by giving three months` notice or salary thereof.
Background checks

The Company may, at its discretion conduct background checks prior to or after your expected
joining date to validate your identity, the address provided by you, your education details and details
of your prior work experience if any, and to conduct any criminal checks. You expressly consent to the
Company conducting such background checks. In this connection, you are required to furnish the
documents listed in "Offer Annexure for India".

Company Confidential - This communication is confidential between you and Infosys Limited
Page 3 of 7
If you fail to submit the necessary documents as required by the Company within the specified time period
or if the Company is not satisfied, with the outcome of the background checks, the Company, in its sole
discretion, reserves the right to withdraw this Offer without notice and Compensation or to take any
appropriate action against you, including, but not limited to termination of your employment.

When a background check raises any concerns regarding any of the details furnished by you and the
Company feels the need to further validate such facts, the Company may at its sole discretion, ask you for
further information, to substantiate the details that you have earlier provided to the Company, before
initiating appropriate action.

Please note that Infosys requires you to furnish a copy of your passport at the time of joining. If you are
unable to do so, the Company will initiate a criminal background check.
Other terms and conditions

You agree not to undertake employment, whether full-time or part-time, as the Director / Partner /
Member / Employee of any other organization / entity engaged in any form of business activity
without the consent of Infosys. The consent may be given subject to any terms and conditions that the
Company may think fit and may be withdrawn at any time at the discretion of the Company.

You hereby acknowledge and agree to abide by all internal Policies of the Company, which you will be able
to access, upon joining, on the intranet sparsh. These Policies cover various human resources and
administrative topics and procedures. The Company reserves the right to change these Policies at any time in
its absolute discretion.

Based on the nature of your work and business requirements, you may be required to work on rotational
shifts. If you are required to work on rotational shifts, you will be duly intimated of the change in your shift
timings. During rotational shifts, you will continue to be bound by the provisions of the working hour policy
of the Company. If the rotational shifts require you to work night shifts, the policy on night shift allowance
of the Company (if in force) will be made applicable to you.

You shall be required to sign certain mandatory agreements, including but not limited to the Confidentiality,
Intellectual Property Rights, the Code of Business Conduct and Ethics and your employment shall be
governed by all the rules and regulations, as amended from time to time, of the Company as applicable to
your employment with us. This offer is also conditional upon your acceptance and execution of the
Non-Compete Agreement (Annexure II).

This offer of employment constitutes the entire agreement between you and the Company regarding the
terms of your employment and it is the complete, final, and exclusive embodiment of your agreement with
regard to this subject matter and supersedes any other promises, warranties, representations or agreements,
whether written or oral. It is entered into without reliance on any promise or representation other than those
expressly contained herein, and it cannot be modified or amended except in writing signed by an authorized
officer of the Company.

Company Confidential - This communication is confidential between you and Infosys Limited
Page 4 of 7
If any of the terms or conditions of this offer are found to be illegal or unenforceable, such terms shall be
treated as severable from the rest of the terms and conditions of this offer and the remaining terms and
conditions shall continue in force.

This agreement shall be governed by the laws of India and you hereby agree to the exclusive jurisdiction of
the courts in Bangalore, India.

As a token of your acceptance of this offer, please bring a duly signed duplicate copies of the letter and all
the accompanying annexures, on the date of joining

We welcome you to the Infosys family and wish you a rewarding career over the years to come.

Yours sincerely,

Sushanth Tharappan
SVP and Head Human Resources - Infosys Limited

I have read, understood and agree to the terms and conditions as set forth in this offer letter.

Date: _________________________, 20______

______________________________________
Sign your name

______________________________________
Print your name

Enclosures: Non-Compete Agreement (Annexure II)

Information Sheet (Annexure III)
Signature Not Verified
Digitally signed by SUSHANTH
MICHAEL THARAPPAN
Date: 2023.08.16 09:33:06 IST
Reason: Digitally Signed
Location: Bangalore

Company Confidential - This communication is confidential between you and Infosys Limited
Page 5 of 7
 ANNEXURE - I

COMPENSATION DETAILS
(All figures in INR per month)

NAME Mr. Shashank Shekhar

ROLE Associate Consultant

ROLE DESIGNATION Associate Consultant

1. MONTHLY COMPONENTS

BASIC SALARY 40,210

BASKET OF ALLOWANCES 25,390

BONUS / EX-GRATIA (95% of the eligible amount (20% of Basic Salary) being paid out on a
monthly basis) 7,640

MONTHLY GROSS SALARY 73,240

2. ANNUAL COMPONENT

BONUS / EX-GRATIA - (Balance 5% will be paid out in the end of the financial year after adjusting
the advance (95%) paid out on a monthly basis) 402

3. RETIRAL BENEFITS

PROVIDENT FUND - 12% of Basic Salary 4,825

GRATUITY - 4.81% of Basic Salary* 1,934

FIXED GROSS SALARY (1+2+3) 80,401

4. PERFORMANCE BONUS At an indicative Payout of 50% At indicative Payout of 100%

PERFORMANCE BONUS 4,467 8,933

TOTAL GROSS SALARY (Inclusive of Performance Bonus) 84,868 89,334

OTHER BENEFITS

Margin Money
Scheme Eligible Amount In INR Interest Monthly Instalments (To be borne by the employee)

Fifty Thousand
SOFT LOAN (without security) @5% 12 Nil
All the above benefits are as per Company's policies, which are subject to change from time to time. The disbursement of any loan / loan
allowance is subject to the fulfilment of all criteria defined for the same to the satisfaction of the Company as per the relevant loan / loan
allowance policy at that time
*The gratuity amount set out above is an approximation. Your eligibility and the final pay out of any Gratuity amounts will be
determined in strict accordance with the provisions of the Payment of Gratuity Act

Company Confidential - This communication is confidential between you and Infosys Limited
Page 6 of 7
 Annexure - II
Non Compete agreement
I, ____________________ do hereby acknowledge and confirm the following:-
(1) I am accepting employment with Infosys Limited ("Infosys"). Now, as per the presents below, I
agree to the following terms herein, and acknowledge that this is a material condition of my employment
with Infosys Limited.

(2) I am required, on behalf of Infosys, to provide services to, or solicit business from, various clients of
Infosys for whom I performed services as a Company employee (each such client hereinafter referred to as a
"Customer").

(3) In consideration of the above, I agree that for a period of six (6) months following the
termination of my employment with Infosys for any reason, I will not:

a. accept any offer of employment from any Customer, where I had worked in a professional
capacity with that Customer in the twelve (12) months immediately preceding the termination of my
employment with Infosys;

b. accept any offer of employment from a Named Competitor of Infosys, if my employment with such
Named Competitor would involve me having to work with a Customer with whom I had worked in the
twelve (12) months immediately preceding the termination of my employment with Infosys.

For the purposes of this Non-Compete Agreement, "Named Competitor" shall mean the following
entities and their wholly owned subsidiaries:-

i. Tata Consultancy Services Limited

ii. Accenture Limited
iii. International Business Machines Corporation
iv. Cognizant Technology Solutions Corporation
v. Wipro Limited

Place: Employee Signature:

Date: Employee Name : Mr. Shashank Shekhar

Acknowledged by Infosys Limited:

Company Confidential - This communication is confidential between you and Infosys Limited
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