BENGALURU: Infosys CEO Salil Parekh shall be paid a fixed wage of Rs 6.Five crore and can be eligible for variable pay of Rs nine.75 crore on the finish of the 2018-2019 fiscal yr, in step with a best company executive.
"Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crore. He would be eligible for variable pay of Rs 9.75 crore at the end of the fiscal year," unbiased board member at Infosys Kiran Mazumdar Shaw mentioned here.
Former CEO Vishal Sikka earned $6.75 million in FY17 much to disliking of Infosys founder NR Narayana Murthy.
Wipro CEO Abidali Neemuchwala is getting a little bit over $2 million.
Shaw, who is a part of the Nomination and Remuneration Committee (NRC), mentioned Parekh may also receive Rs 3.25 crores in restricted inventory units.
"He will also get Rs 13 crore in annual performance equity grants," she mentioned.
Parekh may also get a one-time equity grant of Rs nine.75 crore, Shaw mentioned.
The inventory repayment will vest at other points over Parekh's time period. He has been appointed for a Five-year time period,
Parekh's employment contract additionally comes with a non- compete clause, Shaw mentioned.
Parekh's contract additionally specifies the volume he's going to be paid should he fail to fulfill minimum efficiency objectives, company mentioned in a postal ballot, Shaw mentioned.
The company mentioned in a postal ballot that Parekh is not going to paintings with named competitors for 6 months from the day he leaves the company.
He may also no longer paintings with or for a client to whom he has rendered provider for the closing 12 months, Infosys mentioned.
"Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crore. He would be eligible for variable pay of Rs 9.75 crore at the end of the fiscal year," unbiased board member at Infosys Kiran Mazumdar Shaw mentioned here.
Former CEO Vishal Sikka earned $6.75 million in FY17 much to disliking of Infosys founder NR Narayana Murthy.
Wipro CEO Abidali Neemuchwala is getting a little bit over $2 million.
Shaw, who is a part of the Nomination and Remuneration Committee (NRC), mentioned Parekh may also receive Rs 3.25 crores in restricted inventory units.
"He will also get Rs 13 crore in annual performance equity grants," she mentioned.
Parekh may also get a one-time equity grant of Rs nine.75 crore, Shaw mentioned.
The inventory repayment will vest at other points over Parekh's time period. He has been appointed for a Five-year time period,
Parekh's employment contract additionally comes with a non- compete clause, Shaw mentioned.
Parekh's contract additionally specifies the volume he's going to be paid should he fail to fulfill minimum efficiency objectives, company mentioned in a postal ballot, Shaw mentioned.
The company mentioned in a postal ballot that Parekh is not going to paintings with named competitors for 6 months from the day he leaves the company.
He may also no longer paintings with or for a client to whom he has rendered provider for the closing 12 months, Infosys mentioned.
Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crore
![Infosys CEO Salil Parekh will be paid a fixed salary of Rs 6.5 crore]()
Reviewed by Kailash
on
January 04, 2018
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