Company: G
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001140361-25-013031
Chunk: 59

Company: Genpact LTD
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 59
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 respect to any previously-vested shares) will remain exercisable for a period of 6 months following the termination date (or if earlier, upon the expiration of the term of the time-based option). Mr. Kalra’s payments upon termination of employment described above are subject to his execution of a release of all claims against us and our affiliates. In addition, Mr. Kalra will be subject to certain non-competition and non-solicitation covenants for one year after the termination of his employment. N.V. Tyagarajan . We entered into an employment agreement with Mr. Tyagarajan on June 15, 2011, which superseded his previous employment agreement, dated February 7, 2005. The employment agreement was amended on November 17, 2020 in connection with Mr. Tyagarajan’s relocation to the United Kingdom to address the payment of his cash compensation in local currency and the continued application of the covenants and certain other provisions under his employment agreement. The employment agreement had an indefinite term and was terminable by us or Mr. Tyagarajan, subject to the severance provisions described below. Mr. Tyagarajan stepped down as our President and Chief Executive Officer, effective as of February 9, 2024, and accordingly the employment agreement is no longer in effect as of such date. Mr. Tyagarajan’s employment agreement provided for an annual base salary of not less than $600,000 and a target bonus of 125% of annual base salary. For 2023, the compensation committee set Mr. Tyagarajan’s base salary at $900,000, increased from $824,000 in 2022, and left his target bonus unchanged at $1,300,000, or approximately 144% of base salary. There was no change in Mr. Tyagarajan’s base salary or target bonus for 2024 given his planned departure. Mr. Tyagarajan was entitled to benefits and perquisites generally available to our other senior executives, reimbursement of automobile costs and $60,000 for personal costs. Mr. Tyagarajan was also entitled to four weeks of paid vacation per year. For purposes of Mr. Tyagarajan’s employment agreement, the term “good reason” means a material reduction in the nature of Mr. Tyagarajan’s authorities or duties, a material reduction in base compensation, requiring Mr. Tyagarajan to report to any person

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