Common use of Gross Compensation Clause in Contracts

Gross Compensation. Your gross CTC including annual bonus would be up to USD 350,000 (Three Hundred Fifty Thousand USD Only) per annum including annual performance bonus USD 17,500 (Seventeen Thousand Five Hundred USD only). The annual performance bonus will be paid in 2 equal tranches in October and March respectively, this is basis performance and prorated starting as of the Effective Date. The mentioned amounts will be converted into INR at the currency exchange rate applicable on the date of disbursement.

Gross Compensation. Your gross CTC including annual bonus would be up to USD 350,000 330,000 (Three Hundred Fifty Thirty Thousand USD Only) per annum including annual performance bonus USD 17,500 16,500 (Seventeen Sixteen Thousand Five Hundred USD only). The annual performance bonus will be paid in 2 equal tranches in October and March respectively, this is basis performance and prorated starting as of the Effective Date. The mentioned amounts will be converted into INR at the currency exchange rate applicable on the date of disbursement.

Gross Compensation. Your gross CTC including annual bonus would be up to USD. 400,000* (USD 350,000 Four hundred thousand only) i.e INR. 3,33,00,000/- (Rupees Three Hundred Fifty Thousand USD Crore Thirty Three Lakhs Only) per annum including annual performance bonus annum. *In case the CTC amount paid to incumbent falls short of USD. 400,000 (USD 17,500 (Seventeen Thousand Five Hundred USD Four hundred thousand only). The annual performance bonus ) than the difference of amount will be paid in 2 equal tranches in October and March respectively, this is basis performance and prorated starting as of the Effective Date. The mentioned amounts will be converted into INR onetime bonus at the currency exchange rate applicable on the date end of disbursementone year.