DocuSign Envelope ID: 174831EF-F181-4199-8C04-DB425754A095
12 October, 2022
Chaarvi Bansal
Dear Chaarvi,
I am delighted to confirm our offer of employment at Bloomberg in the Engineering department.
Assuming the required documentation is completed, we look forward to welcoming you on 18
September, 2023 as you embark on a career at Bloomberg.
You are joining a thriving enterprise of nearly 19,000 employees in more than 176 locations around
the world. Together, we give our customers a critical edge by delivering data, news, and analytics
that provide unmatched visibility into global and local markets and the world of business. We look
forward to providing you a work experience that is personally and professionally rewarding, with
nonstop challenges and limitless opportunities.
Bloomberg offers comprehensive benefits and a competitive compensation package.
Salary
Your annual salary of GBP 75,000, less applicable payroll deductions, is payable on a Monthly basis.
Cash Bonus
For 2023, you will be eligible to receive a discretionary cash bonus with an annualized target value of
GBP 5,000. Based on your start date, however, this annualized amount will be prorated to GBP
1,250. This discretionary bonus will be paid to you on or about the February 2024 payroll date,
provided that as of that date you remain a Bloomberg employee and you have not been given notice
of the termination of your employment or resigned (or given notice of your intention to resign). The
amount you ultimately receive against the target will be determined by both individual and Company
performance and can be more or less than target. In February 2024, however, you are guaranteed to
receive at least 80% of the target cash bonus, or GBP 1,000, less applicable payroll deductions,
provided that on the date the payment is to be made you remain a Bloomberg employee and you
have not been given notice of the termination of your employment or resigned (or given notice of
your intention to resign).
The bonus numbers outlined above are based on your commencing employment on the agreed start
date. Any change to your start date may result in your bonus being further prorated. After
Performance Year 2023, you will no longer be eligible for any guaranteed bonus amounts. You will,
however, be eligible to participate in any bonus or incentive compensation programs that are in effect
at that time, and your target bonus may be adjusted accordingly. Bloomberg may, of course,
implement a new bonus or incentive compensation program or alter or replace programs at any time.
Stipend Special Payment: You will also be eligible to receive a Special Payment of GBP 7,000 less
applicable payroll deductions to be paid in your first pay check. In order to retain the full amount of
this special payment, you must remain employed by Bloomberg for a period of 24 months following
the payment date. In the event that your employment terminates for any reason during the 24 month
period following the payment date of this special payment, you agree to promptly repay 1/24th of the
special payment for each month remaining in the 24 month period.
You also authorize Bloomberg to withhold a prorated portion of the Special Payment from your final
pay check and from other monies owed to you at the time of your departure from Bloomberg. You
understand and agree that should you fail to repay the pro-rated balance of the Special Payment
prior to the effective date of your termination of employment, such amount exceeds your final pay
check and other monies owed to you, and you do not agree to a repayment plan with Bloomberg,
you shall be responsible for any reasonable court and attorney's fees Bloomberg shall incur in the
course of any court action against you to seek reimbursement of the Special Payment made to you.
The payment of the Special Payment shall not oblige the Company to make any similar payments in
any subsequent years.
Benefits
Bloomberg provides its employees one of the most comprehensive benefits plans available. Health
benefits become effective on your first day of employment; we will provide you with further
information regarding benefit plan coverage when you begin employment. Participation in any of the
DocuSign Envelope ID: 174831EF-F181-4199-8C04-DB425754A095
benefits provided by Bloomberg is subject to the applicable scheme/fund rules in place from time to
time.
As one of the benefits which you will be eligible for, you will have access to relocation services
through Benivo, a third-party vendor. As part of this offering, you will be eligible to receive up to
£3000 by way of an interest free loan from Benivo via their PayLater service (the “PayLater Loan”) to
help with your initial costs to start with Bloomberg. While the PayLater loan will be made directly to
you via Benivo and will be repayable by you directly to Benivo, Bloomberg will act as a guarantor
should you fail to re-pay any outstanding sums due. In accepting the PayLater loan, you agree to re-
pay the full sum loaned by Benivo to you before the beginning of the fifth month of your employment
with Bloomberg and understand and agree that should you fail to do so, you shall be responsible for
any costs incurred by Bloomberg in recouping these sums from you, including but not limited to any
court and attorney’s fees.
Terms of the Offer
Please sign and return a copy of this Agreement to Human Resources. The signed copy will serve as
your acceptance of our offer and should be received on or before 2 November, 2022. If we do not
receive your letter by this date, we will assume you are not accepting our offer, which will be deemed
withdrawn.
Please be advised that your employment with Bloomberg is contingent upon your successfully
completing the FSD training program. During the training program, you will be evaluated on various
deliverables, including projects and labs, to ensure you understand the concepts and material.
In addition, this offer, and employment at Bloomberg, is contingent on Bloomberg’s receipt of a
signed contract of employment, and acceptable results of a reference check and the background
investigation you authorise us to conduct. You will receive instructions by email on how to complete
the web based Verifile Inc background check. You must complete this within 2 business days of
receipt.
Employment at Bloomberg is contingent upon the ability, where applicable, to successfully secure
continuous work authorization for the country where you have been hired to work. You will not be
able to begin working for Bloomberg until your authorization for employment has been approved or
the appropriate documentation has been issued. Bloomberg does not control the approval or denial
of visas (or other employment authorization) and, therefore, cannot guarantee the approval or
issuance of appropriate work authorization. In addition, you should be advised that in the event
Bloomberg is unable, for any reason, to provide sponsorship in support of your visa petition,
including the unavailability of a visa or your inability to meet visa requirements, or if Bloomberg is
unable or unwilling to seek, or ultimately obtain required export control licenses, Bloomberg may
retract its offer of employment to you.
Please be aware that additional information may be added to this offer as addendums.
DocuSign Envelope ID: 174831EF-F181-4199-8C04-DB425754A095
New Hire Orientation
On your first day, you will participate in our orientation program along with other new hires. We will
use this time to tell you more about the Company and our culture, and provide an introduction to the
Bloomberg terminal and key terminal functionality. Our goal is to make your transition as smooth as
possible. You will receive more detailed instructions on which office location and what time to report
for your first day the week prior to 18 September, 2023.
Again, congratulations. We look forward to working with you.
Sincerely,
Aaron Canty
EMEA Human Resources Bloomberg
________________________________________________________________________________
Chaarvi Bansal Date
Please Sign As Acceptance of Our Offer of Employment
I certify that I am not bound by a confidentiality or non-compete agreement, or any
other contractual restriction that would prevent me from working for Bloomberg. (If you
cannot affirmatively certify this provision, please contact Human Resources.)
Initial Here
DocuSign Envelope ID: 174831EF-F181-4199-8C04-DB425754A095
12 October, 2022
CAMPUS NEW HIRE RELOCATION AGREEMENT
I hereby acknowledge that Bloomberg has offered me employment at its London office in its
Engineering Department, and agrees to advance me, for my benefit and in consideration for my
continued employment for a period of at least two years, reasonable relocation expenses as follows.
Where noted below, relocation benefits will be managed by NEI Global Relocation, Bloomberg’s
global relocation partner.
Final Transportation to London for me and in accordance with the company travel
policy. NEI will provide instructions for booking travel.
Temporary housing accommodations in London for maximum of 30 days immediately
after relocation. The temporary housing benefit will be coordinated by NEI Global
Relocation, Bloomberg’s global relocation partner.
Web-based destination services guidance and support related to home search and
settling in services. NEI Global Relocation will coordinate this service.
I understand and agree that in the event that I resign or am terminated by the Company for cause
prior to two years from my Hire Date I am contractually obligated to repay 1/24th of the Relocation
Expenses advanced to me by Bloomberg for each month remaining in the two-year period. In
addition, I also authorize Bloomberg to deduct a prorated portion of the advance amount from any
payments owed to me at the time of my departure from Bloomberg such as regular salary, vacation
days and incentive compensation, as permitted by applicable law.
If I resign prior to two full years of employment at Bloomberg, I further understand and agree that
should I fail to repay the relocation expenses advanced to me prior to the effective date of my
resignation, such expenses exceed my final pay check and moneys owed to me, and I do not agree
to a repayment plan with Bloomberg, such amounts will be recoverable as a debt and I shall be
responsible for any court and attorney’s fees Bloomberg shall incur in the course of court action
against me to seek reimbursement of the relocations expenses advanced to me.
By signing below, I indicate that I have carefully read and understood the terms of this Agreement,
which is the complete agreement between Bloomberg and me on this issue, that I enter into this
Agreement knowingly, voluntarily and of my own free will, that I understand its terms and significance
and that I intend to abide by its provisions without exception.
________________________________________
Chaarvi Bansal
Date:
Aaron Canty
EMEA Human Resources Bloomberg