July 1, 2017

PRIVATE & CONFIDENTIAL

Employee ID: 90054863

Sukrit Gupta

Annual Reward Review – 2017

Dear Sukrit,

I take this opportunity to thank you for your contributions during the last year, which was both interesting
and unprecedented to say the least.

Our key priorities for this year will be to continue winning in the marketplace, focus on basics and Step Up
operational rigor across verticals. We will together, keep things simple and have customer at the heart of
all that we do. Superior customer experience is our key to differentiation.

We will continue to invest in developing capabilities and capacity within the organization, reinforcing our
reputation of being an organization with the best-in-class talent in our industry.

Health, Safety & Wellbeing of every employee continues to be a core value for Vodafone. Diversity,
Inclusion and Respect will remain the cornerstone of our culture.

Vodafone India believes in a 'Total Rewards' philosophy, which includes a market competitive approach
towards compensation and benefits, progressive people centric policies and recognition programs to bring
out the best in our employees, along with merit and role-based career progression.

We promise to be fair and transparent at all times and bring a smile to all our employees in all
circumstances.

I believe that it is YOU who will Power Up our actions in the marketplace and enable us to retain our
position as the Most loved telecom service provider in India.

Wish you and your family a successful year ahead.

Please find enclosed your revised compensation details which will be effective July 1, 2017. Feel free to
contact your Manager or Local HR who will address any queries you may have.

Regards,
Sunil Sood
MD & CEO

This is an electronic letter and does not require any signature. For any error /inconsistency, please contact
local HR.

C3 – Vodafone Confidential
 Your 2017 reward statement

Sukrit Gupta Employee ID: 90054863

Private and Confidential

2016/2017 Performance Dialogue (PD)

Performance Dialogue (PD) Rating E
Potential Rating B

2016/2017 Variable Pay

Variable Pay payout INR 215517
The payout calculation takes into account any changes in eligibility, framework and target bonus during the fiscal
year as well as business and individual performance multiplier.

Individual performance multiplier 125%

2017/2018 compensation
Salary*
Annual TTC effective 1 July 2017 INR 2425943
Monthly TTC effective 1 July 2017 INR 202162

Percentage increase in salary 9.75%

Variable Pay
Variable Pay 2017/2018 20.00%

This is an electronic letter and does not require any signature. For any error /inconsistency, please contact
local HR.

C3 – Vodafone Confidential
 Annexure
Name : Sukrit Gupta Band: G
Effective Date : 01-07-2017
Designation : SM - Financial Planning
Current (INR p.m) Revised (INR p.m)
Monthly Components (A)
Basic Salary (% of Fixed Pay) 61401 67387
House Rent Allowance (@50% of Basic) 30700 33694
Car/Conveyance Allowance (Basis Band) 1600 1600
Medical Reimbursement (Basis Band) 0 0
Leave Travel Assistance (LTA) (Basis Band) ^ 3000 3000
Management Allowance (Balancing Factor) ^^ 49433 54701
Retirals (B) ^^^
Retirals 7368 8086

TOTAL FIXED PAY (A+B) 153502 168468

Target Variable Pay (C) ^^

Target Variable Pay ^^^^ 30700 33694

TARGET TTC (A+B+C) 184202 202162

TARGET TTC per annum 2210426 2425943

^^^ Retirals include PF @ 12% of Basic and Superannuation @ 13% of Basic (where applicable)

^^^^ Payout as per applicable Target Variable Pay and continued employment with the organisation on the date of
payout.

^^ Management Allowance and Target Variable Pay is inclusive of minimum bonus of 8.33% of Basic (if any,
applicable under statute)

^ Leave Travel Assistance is an Annual Component of TTC

All applicable taxes to be borne by the employee

C3 – Vodafone Confidential
 Your Total Reward Statement 2017 -18
Hello Sukrit

Excited to share with you the bouquet of value propositions

Vodafone has for you!

This is your Total Reward Statement effective 1st July 2017, and it’s all about YOU.

Sukrit Gupta
Employee ID: 90054863

I am delighted to share that Vodafone India is amongst LinkedIn’s 2017 Top 25 workplaces that
attracts best-of-breed talent from across India. We are thrilled to be the only mobile telecom
company to feature in this coveted list. This is because we constantly endeavor to attract, develop and
retain best talent by providing market competitive value proposition to our employees.

We have maintained that we want to build an agile, customer centric and lean organization comprising talented people who
are competitively rewarded. In line with this philosophy, Vodafone strives to provide you with a wide menu of options that
constitute your rewards mix – whether it is through addressing life style and life stage needs through flexible work policies,
better ways of working, enabling tax efficiency, opportunities to develop and access to wellbeing services or being able to give
something back to the society. We also take great pride in recognizing people for demonstrating role modelling behaviors and
enabling exceptional business delivery.

Total Rewards at Vodafone includes more than just your Total Target Cash (or cash compensation). To help you understand all
the elements of your pay and benefits, I am pleased to provide you with this personalized Total Reward statement for 2017.
This statement not only gives a summary of your Total Target Cash but also provides details of various benefits, and the costs
thereof, that are available to you. This will enable you to get a consolidated view of your Total Rewards package.

I would also like to thank your family members for continued support and I look forward to your passion and personal
commitment to drive a memorable performance in the year ahead.

Best Wishes,
Suvamoy
Director - HR
Your statement is confidential document and contains your personal details, including your salary, so if you’re in a busy office
you may choose to view your statement when your screen can’t be seen by others. Please note that this document covers
only the key highlights of current policies & benefits. In the event of any interpretation, the prevailing policy will apply.

What to expect here…

Your Pay Your Benefits World of Possibilities Flexi Opportunities

C3 – Vodafone Confidential
Your pay at a glance
Total Reward Elements Summary Value (in INR)
Pay & allowances as mentioned in reward
Annual Fixed 2021619
statement
Target Variable Pay# Target variable pay at "G" rating 404324

A. Total Target Cash (TTC) 2425943

Gratuity Gratuity provision as per applicable statute 38896

B. Gratuity 38896

C1. Healthcare Coverage Premium towards health insurance cover 93702

upto 8 Lacs

C2. Life & Accident Insurance Premium toward life and accident insurance 4244
cover of 50 Lacs

Value of Handset Allowance, Official

C3. Mobile & Telephone Benefits 47594
Number & dongle and Family Plan

C. Total Monetized Benefits (C1 + C2 + C3) 145540

The value of your Total Rewards is INR 2610379

# Payout as per applicable Variable Pay Plan and continued employment on the date of payout.

* Monetized value of current benefits available to you as per current company policy. Please note this is a notional amount and does
not signify any guaranteed commitment from the Company.

•Your Total Target Cash is your cash compensation

and includes your fixed pay (including allowances)
in addition to your annual target
GSTIP/commission.

•Refer to your Annual Reward Letter for a detailed

breakup of your TTC.

A. Total Target Cash

•You would be eligible for gratuity payment as per

applicable law.

B. Gratuity

Sandeep Waghmare
Global CXX Hero
C3 – Vodafone Confidential
Your benefits at a glance
C1. Comprehensive Healthcare
Insurance
For complete peace of mind and access to quality
healthcare, we provide medical insurance through our
insurance provider to you and your family (including
spouse, two children and parents). The
Comprehensive Healthcare Insurance (CHIP) extends
both hospitalization (IPD) and OPD benefits to you Captain Safety – “Follow Absolute Safety Rules”
and your family with access to best-in-class network
of hospitals. C2. Life and Accident Insurance
The value of annual premium we pay to provide
this cover is upto INR 93702. The company provides you with Group Term Life
and Group Personal Accident Insurance cover of
[Max. no of dependents (6) * Premium per life INR 50 Lakh against loss of income in the event
(INR 15617)] of death or full/partial disability.

The value of annual premium we pay to

provide this cover is INR 4244.

C3. Mobile & Telephone benefits

Mobile Handset allowance

Vodafone’s data services are best experienced on a
compatible handset. Vodafone offers you a handset
allowance of INR 11000 every 2 years.
The annual value of the handset allowance is
INR 5500.

Official Number and Dongle

Work on the go and be an ambassador of our
offerings! Vodafone gives you Mobile connection &
dongle for your day-to-day business communication.

Enjoy Employee RED plan worth INR 1299 per

month on your mobile and INR 650 per month on
your dongle.
The annual value of this benefit is INR 23388
[i.e. 12 x (INR 1299 + INR 650)]

Family Plan
You love our services. Your family should too, right?
You can get up to 4 mobile connections at 30%
discounted RED tariff plans for your family members.
The annual value* of this benefit is up to
INR 18706 depending on no. of connections & tariff
plan (i.e. 12 x Max. 4 connections x Monthly discount
over market plan)
Sidhi Tyagi
*Calculation based on RED plan worth INR 1,299 per month.
Global CXX Hero

C3 – Vodafone Confidential
World of Possibilities
Development Opportunities

There’s one reason for our success – and that’s you! We

offer a range of learning and development opportunities Contributing to Society
designed to encourage you to grow both professionally
and personally. They are: Giving Back is a core part of what we do and
 Individual development plans. Your manager will help we’re committed to supporting you to give
you create a personal development plan to help you back to the communities as well.
build skills to meet business needs and support your
performance goals. World of Difference: Our flagship initiative
 Classroom based workshops to help you learn and enables you to volunteer for select NGOs
practice skills essential to your success. near our workplaces on a regular basis.
 E-learning platform which provides access to more
Charitable giving and fund-raising managed
than 1,300 online courses across all functions.
by Give India is a donation platform where
 Leadership development with established partners like you can volunteer to have a small part of
Harvard through Harvard Manage Mentor and various your salary deducted every month which
Leadership Essential programs for new managers or can be donated to a cause of your choice.
employees wanting to refresh their people management
skills.
 Global and Local Development programs with best-in-
class learning curriculum in association with leading
business schools, professional coaches and facilitators
to challenge and develop our future global leaders.
 Indiareads: An online library ready to deliver your
desired book at your desk.
 Vodafone Scholars: Nomination based educational
assistance for programs and certifications through
accredited institutes/universities, of your choice and
max up to INR 100000.
 Career Explorer: Our Internal Job Posting platform that
allows you to garner varied cross functional experiences
across locations in India and abroad.

Engagement

Work without fun is no joy and Vodafone believes that those

smiles and fun moments at work, not only help create a stress
free work environment but also enable people to unleash
their personal passions and hobbies.

There are ample avenues to nurture your interests by

participating in various internal engagement programs such
as Talent Hunts, Adventure & Classic Sports, Music, Drama,
Food, Dance and Art festivals which create a lot of Fun@work.
Suyash Bakshi & Arijit Ghosh
Have you had your share of fun yet?  Global CXX Heroes

C3 – Vodafone Confidential
Your Recognition avenues at a glance

Recognizing Recognizing “What” &

Functional Excellence
Vodafone recognizes individuals
and teams who constantly
endeavour to achieve functional
excellence through team work or
individual brilliance.
Be the best and you can be
recognized in below categories:
Strike Force: The best
employees of Sales, Retail,
m-pesa and VBS functions get
recognized each year where they
celebrate achievements in trans-
continental locations abroad.
Circle Combat: Recognizing
cluster specific best employees
in commercial functions, where
winners celebrate achievements
in locations abroad.
Function Star: This year, we are
introducing an annual award to
recognize nationally best
employees within a function
demonstrating functional
excellence.
EDGe Super Stars: We recognize
Best Zone, Vertical teams in
Distribution, Retail, VBS, m-pesa
within Emerging, Direct and
Growth clusters.
Zonathon: Platform to
recognize excellence across
verticals within Circles.
At Vodafone, we take great
pride in recognizing
excellence and role modelling
behaviors in delivering ‘What’
& ‘How’ of performance.
Take a glimpse of various
recognition platforms
available when you are at your
best!
Ritu Sharma
Global CXX Hero
“How” of your delivery
We all like to be appreciated for a
job well done, so we recognise
the contributions made by
employees in both “What” and
“How” of business delivery. In line
with this philosophy we have the
following awards:
CXX Heroes: Globally and
Nationally, we celebrate people
who focus on improving our
customer experience in the
Vodafone way.
MegaSSTars: We recognize Band
G & below employees
demonstrating role modelling
behaviors in both ‘What’ and
‘How’ of business delivery.
Vodafone Stars is an instant
cash recognition award for Band
G & below employees going the
extra mile, demonstrating can-do
attitude and living the Vodafone
Way.
Good to Great: This year we are
introducing Annual behavioural
excellence awards for Band G &
below employees demonstrating
exceptional excellence in
business delivery within circles, in
each function.
Cheers: This is another
introduction this year to
recognize employees on the spot
at peer-level for appreciation of
support rendered, display of
collaboration and helping others
succeed by going above and
beyond.

Recognizing your stay

Vodafone believes in recognizing loyalty and commitment. This year, we are introducing service awards to celebrate service
milestones based on tenure to thank you & your family for continued support and commitment.

C3 – Vodafone Confidential
Flex your Pay

National Pension Scheme

As a step towards securing a happy retirement by
investing in National Pension Scheme (NPS), you
will be eligible for exclusive tax benefits over and
above Section 80 C limit, on voluntary
contribution of upto10% of basic salary towards
NPS. The scheme is portable, flexible and
transparent across service providers, funds and
annuity plans.

Vodafone partners with leading bank to support

you with NPS enrolment assistance.

Having subscribed to NPS, I now have more

power and choice in my hands to secure my
future and which is customized to my life stage
needs.

Jason Pacheco
NPS subscriber

Food Vouchers

Vodafone partners with Sodexo to offer tax

friendly benefit through meal vouchers
which are widely accepted across 15,000
outlets in 600+ cities across India.

You can avail food vouchers of value INR

1,650 or INR 2,200 per month based on
your choice and need.

V - Delights

Vodafone partners with leading bank(s) to

provide you with preferential employee
offers across various products and service
lines.

Rajat Aggarwal Make the most of them now!

Global CXX Hero

*All tax efficient options are as per Income Tax act and prevailing regulations will apply at any specific time.

C3 – Vodafone Confidential
Addressing Life style and Life stage needs

V-FLEX: Flexible Work Arrangements

The V-Flex program aims to provide flexibility to
balance your personal and professional priorities.

I had availed Break-Flex program in order to balance

my personal and professional life. My family and I are
thankful to Vodafone for empowering employees
with such a wonderful policy and get the best of both
worlds.

You can choose to avail below flexi work

arrangements based on guidelines and eligibility:
Balvinder Gupta
BREAK-FLEX: Allows you to take a sabbatical from 1 employee to avail Break-Flex and join back
st

work for up-to 540 days including weekly offs.

Your Leaves
WEEK-FLEX: Allows you to take one day off per
week for up-to 6 months including weekly offs. Leave Type* Annual Limit
Privilege 22 days
TIME-FLEX: Allows you to move into flexible work Casual Need basis
arrangements and thereby actively support you in Sick Need basis
Public Holidays Location Basis
overcoming personal exigencies. This arrangement
Maternity 26 weeks
basis company’s discretion, will provide you flexibility Adoption/Surrogacy 12 weeks
to work for limited hours. Paternity 5 days
*Please refer to leave policy for details

Your wellbeing Dress Flex

Being healthy is not an Every day is a Friday! You
option, it is a necessity. are empowered to be at
your comfortable best
In order to effortlessly
while also being aligned
manage your health,
to the brand personality
Vodafone has partnered
of Vodafone.
with GOQii, India’s largest
fitness and lifestyle The dress code policy
management service, to lets you express yourself
make healthy living an and make working hours
intrinsic part of your daily a celebration.
work-life.

Sanjay Patidar
Global CXX Hero

C3 – Vodafone Confidential