Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 135

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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 sponsor defined benefit retirement programs.Net defined benefit plan costs for the three months ended March 31, 2024 and 2025 include the following components: Three months ended March 31,20242025Service costs$4,303 $4,892 Interest costs2,0182,159 Amortization of actuarial loss 6274 Expected return on plan assets (1,362)(1,707)Net defined benefit plan costs$5,021 $5,418 Defined contribution plansDuring the three months ended March 31, 2024 and 2025, the Company contributed the following amounts to defined contribution plans in various jurisdictions: Three months ended March 31,20242025India$12,844 $14,342 U.S.6,0965,518 U.K.5,9354,583 China7,3407,398 Other Regions4,3945,093 Total$36,609 $36,934  Deferred compensation plan On July 1, 2018, Genpact LLC, a wholly-owned subsidiary of the Company, adopted an executive deferred compensation plan (the “Plan”). The Plan provides a select group of U.S.-based members of Company management with the opportunity to defer from 1% to 80% of their base salary and from 1% to 100% of their qualifying bonus compensation (or such other minimums or maximums as determined by the Plan administrator from time to time) pursuant to the terms of the Plan. Participant deferrals are 100% vested at all times. The Plan also allows for discretionary supplemental employer contributions by the Company, in its sole discretion, which will be subject to a two-year vesting schedule (50% vesting on the one-year anniversary of approval of the contribution and 50% vesting on the second year anniversary of approval of the contribution) or such other vesting schedule as determined by the Company. However, no such contributions have been made by the Company to date.

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GENPACT LIMITED AND ITS SUBSIDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

13. Employee benefit plans (Continued) The Plan also provides an option for participants to elect to receive deferred compensation and earnings thereon on either fixed date(s) no earlier than two years following the applicable Plan year (or end of the applicable performance period for performance-based bonus compensation