Ernst & Young LLP

C 401, 4th Floor

Panchshil Tech Park
Near Hotel Fortune Landmark, Yerwada
Pune - 411 006, India
Phone: +91 20 6603 6000
Fax: +91 20 6601 5900

13 June 2024

Ms. Anjana Agrawal

A 506 Kohinoor tinsel county,Hinjewadi phase III,
Pune, 411057

Your Fixed Term Appointment as Project Consultant in PAS WKFA.

Dear Anjana,

With reference to your application and the subsequent interview you had with us, we offer you
fixed term employment for the period of 6 Month(s) wherein your employment with us will
come to an end on the expiry of the term specified in this letter. This offer is subject to your
consent to the above criteria (viz. fixed term), in an unambiguous and unconditional manner.

In addition the subject position in our Organisation is offered as per the following terms and
conditions:

1. JOB TITLE

You shall be designated as Project Consultant in HR Band 5.

The designation and band are for reference only and do not entitle you to any benefit
other than as has been specified in this letter, or intimated to you in writing in respect,
thereof. The Management retains the right at all times to change / modify / amend the
titles/ designations or to rearrange the band structure, which may impact the above
fact.

2. ANNUAL COMPENSATION

a. Your annual compensation including benefits, allowances, and perquisites, if any,

payable by the firm on any item of your remuneration and/or perquisite is INR
6,50,000 per annum (Rupees Six Lakh Fifty Thousand Only). A typical break
up is provided as an Illustration in the Annexure to this letter.

b. Any additional payout other that the remuneration laid down in clause 2(a) above
shall be the sole prerogative of the management and does not entitle you to any
right to claim in respect thereof.

Page - 1 - of 8
Ernst & Young LLP, a Limited Liability Partnership with LLP Identity No. AAB-4343
A member firm of Ernst & Young Global Limited, Regd. Office: 22 Camac Street, 3rd Floor, Block C, Kolkata - 700016
 Anjana Agrawal
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c. Your compensation will be subject to Income Tax deductions at source and other
applicable provisions/ obligations under the Income Tax Act, 1961.

3. DATE OF JOINING

a. As agreed between us, you shall join the services of the firm on 17 June 2024.

4. TRANSFERABILITY

a. Your office location will be Pune-Panchshil Tech Park and your project location
will be Pune. However, your services are liable to be transferred from one
location to another, anywhere in India.
b. You may be required to work from the client’s place as and when intimated in
view of the nature of the Project.

c. If you deny relocation/travel for the purpose your services have been hired, your
services will be terminated and you will not be paid 45 days salary as per the
CTC as it is the cost incurred by the firm for hiring your services.

5. EMPLOYMENT TERM

a. Your appointment is fixed and conditional and not in the nature of permanent
employment, but a specific purpose employment of a fixed term.

b. You will be deployed on a project of temporary nature on a fixed term

engagement. Your employment is not of perennial nature for EY’s named clients
business and is to be finished within a limited period as explained above.

c. Your appointment is primarily to serve the stated purpose of any Project

undertaken by EY.

d. Employment for this fixed term project does not imply requisite qualification for
other jobs within EY, either at the time of appointment or at the time of
termination or any time before, after or in between.

6. EMPLOYMENT EXTENSION

a. Your appointment can be extended at the sole discretion of the appointing

authority.

b. EY shall have no obligation to extend, even if the project period is extended.

7. NOTICE PERIOD AND TERMINATION

You shall be on probation for a period of 3 months (90 days) from your date of
appointment, the period of which may be further extended at the discretion of the
Management. After completion of the probation period and subject to your
performance your appointment shall be confirmed in writing.

During the probation period described above, either party may terminate the
employment by giving one month’s notice or one month’s salary in lieu of notice,
to the other party, subject to the release date being approved by the reporting
 Anjana Agrawal
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partner.

After confirmation of services, either party may terminate the employment by

giving a minimum of 2 months (60 days) notice to the other party. The Firm may,
at its discretion, with or without conditions, agree to waive off this notice period
requirement of 2 months, either wholly or partly.

a. The fixed term Agreement will terminate automatically with the efflux of time. No
additional intimation would be required in this respect unless the above period is
extended in writing for the purpose of any Project. Thereafter the offeree shall
have no right to continue in the appointed position with immediate effect.

b. In addition EY will have right to terminate this employment agreement with

immediate effect (without any obligation to pay for whatsoever reasons) in case:

i. Of the breach of the terms of this Agreement.

ii. Of any grievous criminal proceeding getting initiated against you.

iii. You abstain from work without permission for more than 2 weeks.

iv. For any disciplinary reasons as per EY HR policy.

v. For the violation of any of the client’s, intellectual property right,

confidentiality or data privacy restrictions intimated to you by EY or by the
client or their representatives.

vi. You are considered medically unfit to render the services.

vii. Based on the performance rated by the reporting managers if

performance falls under the performance criteria the appointment may be
terminated by the appointing authority.

viii. Your services may also be terminated on the ground if you deny to
relocate/travel to a different location/city for the purpose work and you will
also be liable of loss of pay of 45 days salary as per CTC as penalty.

c. Notice pay for termination by efflux will not be required.

d. EY will not have any obligation to convert/absorb for regular or permanent

employment before or after the end of the fixed term period of Employment.

e. Termination by efflux of time will not amount to retrenchment or termination of

employment in a manner not contemplated by this agreement.

8. ANTI BRIBERY

In connection with the Services, the candidate shall:

a. Comply with all applicable laws and regulations relating to anti-bribery and anti-
corruption.
 Anjana Agrawal
Page 4

b. Promptly report to the Firm any request or demand for any undue financial or
other advantage of any kind received by anyone.

Require that all persons performing Services comply with all applicable laws and
regulations including those relating to anti-bribery and anti-corruption

9. CONFIDENTIALITY

a. Remuneration: It is a condition of your service to ensure that the organization’s

policy of maintaining the strictest confidentiality for the remuneration you receive
is observed by you at all times.

b. Information: You shall observe utmost confidentiality and secrecy of any and all
information received by you or entrusted to you in the course of your employment
and you shall at all times, whether during or after the termination of your
employment, act with utmost fidelity and not disclose or divulge such information
to a third party or make use of such information for your own benefit.

Upon termination of your employment, you will immediately surrender to the Firm,
all files, books, magazines, reports, documents, manuals, audio and video tapes,
floppies and discs and any other knowledge data bases entrusted to you in the
course of your employment.

You will not reproduce, store in a retrieval system or transmit in any form or by
any means - electronic, mechanical, photocopying, recording, scanning or
otherwise - any copy righted material which is the property of the firm - for your
own benefit or for the benefit of any third party - either during the course of your
employment or after your separation.

Both in case of termination due to expiry of the term of the Agreement or an

earlier termination by EY, you shall ensure orderly hand over of the work, work in
progress and deliverables to your relevant supervisor in a manner acceptable to
us. Any violation of this clause will entitle us to retain such sum as damages as
may be decided by the management but which shall be subject to the maximum
limit of 15 days salary.

10. PERSONAL DATA

During the course of your employment with the Firm, you may provide the Firm
with confidential data or information that can be linked to you personally, or
otherwise personally identifies you, including but not limited to your financial
information, email address, addresses, telephone numbers, shareholdings,
physiological and/or mental health information, and medical records and history
(your Personal Data). You acknowledge that the Firm may collect, use, transfer,
store or otherwise process (Process) such Personal Data as required per the
Firm’s policies, to facilitate the conduct of the Firm’s business, to conduct
background checks, check conflicts or maintain independence, finance and
accounting purposes or for quality and risk management purposes The Firm will
Process your Personal Data in accordance with applicable law and professional
obligations and shall ensure that any service provider who Processes Personal
Data on our behalf adheres to such requirements.

In order to Process your Personal Data the Firm would require you to sign a
Privacy Notice upon joining. This Privacy Notice is intended to help you
understand why and how we may use your information.
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You hereby consent to the Processing of your Personal Data in the manner
described above, whether by the Firm or any service provider on the Firm’s
behalf.

11. Miscellaneous

a. The following annexures form an integral part of this Agreement:

Annexure A - Illustrative compensation break-up

12. GENERAL

a. You will not either directly or indirectly engage yourself, either full time or part
time, elsewhere in any job, profession or business of any nature during the tenure
of your employment with the firm.

b. You will have to seek prior permission from the firm for any employment with the
client or any other organization working with the client of the firm whose
assignment you have worked on directly.

c. Subsequent to your separation from the firm, for a period of twelve months you
will not take up any job or assignment, either full time or otherwise, either directly
or indirectly for/on behalf of any other organization working with the client of the
firm, whose assignment you have worked on in the twelve months immediately
preceding your separation from the firm.

d. The Rules and Regulations as framed by the organization from time to time shall
become conditional upon you and by which you shall abide.

e. It is clarified that in view of the fixed term hereof, this employment will be without
reference to applicable establishment standing orders or other rules of
appointment or entitled to continuance of service at Ernst Young.

f. This appointment is valid subject to:

i. Your being medically fit,

ii. Your furnishing at the time of joining, documents in proof of your having
been relieved by your present employer and
iii. Our receiving satisfactory references on your background(In case the
background verification is not satisfactory the firm will be at the liberty to
terminate the appointment effective immediately).

g. You represent and warrant that you have understood all the terms of this
employment agreement completely and do agree to all of them unconditionally.

h. You will disclose any directorships, trusteeships or other personal appointments held
by you. You will consult and inform the Firm’s Risk Management team of
appointments and will immediately surrender any prohibited position as advised by
them and disclose the positions permitted per the Firm’s policies on the Directorship
Evaluation Tool (DET) within 15 days of your joining. You will further notify or obtain
prior approval, as applicable, from Risk Management team, for any changes in the
appointments that you may hold in the future.
 Anjana Agrawal
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Please signify your acceptance of these terms and conditions of employment by signing the
duplicate copy of this letter and returning the same to us for the Firm’s records.

Thanking you.

Yours sincerely,
For Ernst & Young LLP

Anshula Verma

Authorised Signatory

I hereby accept the position and terms and conditions of employment offered and also provide
my acceptance to all the annexures (if any) with the offer letter.

Signature Anjana Agrawal

{{digsig1_es_:signer1:digitalsignature}}
Digitally signed by Anjana Agrawal
Date: 2024-06-14 11:45:59+05:30 Date Jun 14, 2024
{{Dte_es_:signer1:date}}

Anjana Agrawal
 Anjana Agrawal
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Annexure A
Illustrative compensation break-up

Particulars Annual Values (INR)

6,18,600
(A) Salary Components

Basic Salary: 2,60,400

House Rent Allowance: 1,30,200

Special Allowance: 64,800

Conveyance Allowance: 1,63,200

(B) Other Perquisites 31,400

Firm's Contribution to Provident Fund: 31,248

Year End Ex-Gratia 152

(C) Annual Fixed Compensation (A+B) 6,50,000

(D) Other Benefits 32,519

Gratuity (accrual) 12,519

Firm’s contribution towards 20,000

Medical insurance
(E) Total Compensation (C+D) 6,82,519
 Anjana Agrawal
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Please note that Permanent Account Number (PAN) is mandatory for salary processing. If you do not
have a PAN already, then please apply for the same at the earliest.

1. House Rent Allowance (HRA): This will be 50% of your basic salary.
2. Special Allowance: Special Allowance will be in the range of 0% to 10% of the annual fixed
compensation.
3. Conveyance Allowance: Conveyance allowance will be the balancing figure in your compensation
structure.
4. Telephone Reimbursement: If opted for, you will be eligible for a reimbursement of INR 12000/-
per annum. You may choose to claim up to a maximum of three bills namely, mobile, landline and
broadband. Upon selection, it will get adjusted from conveyance allowance.
5. Leave Travel Allowance (LTA): If opted for, it will be equivalent to 12.50% of your basic salary,
subject to maximum of INR 50,000/- per annum. Upon selection, it will get adjusted from
conveyance allowance.
6. Provident Fund (PF): This will be as per the Employee's Provident Funds and Miscellaneous
Provisions Act 1952. If you are an active member of PF, it will be mandatory for you to opt for the
same. If not opted for, conveyance allowance will be adjusted accordingly.
7. Gratuity: You will be eligible for Gratuity as per the Payment of Gratuity Act 1972.
8. You will be eligible for medical insurance coverage for self, spouse, two children and
parents/parents in-law up to INR 5 lac per annum, subject to your declaration as per the policy.
Additionally, you, spouse and two children will be covered for critical illness cover of INR 10 lacs.
9. In the unfortunate case of death of an employee, the Firm extends financial support to the family
up to three times of the last drawn annual CTC of the deceased employee. The minimum amount
for this financial support will be INR 25,00,000.

Please note that all the benefits/coverage mentioned above are governed by the Firm’s policies
and/or statutory law, as applicable.