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2. Performance Bonus
a. Every year, the Management will grant performance bonus to
Employee in which the amount is determined by the
Management.
b. The amount of annual Performance Bonus is determined by the
overall assessment on Employee covering his/her attendance,
work performance, skills, persistence, dedication, service years,
loyalty and personal development as related to his/her overall
annual performance appraisal.
c. Performance Bonus will be disbursed with stipulations as follow:
(1) 1 month of Salary will be paid in December.
(2) Remaining amount of annual Performance Bonus will be
paid in the middle of March of the following year.
(3) If the final result of Performance Bonus based on
Performance Appraisal is lower than 1 month salary, then
the payment excess will be deducted from annual bonus
which will be paid in June.
(4) Employee who resigns from the Bank before finding out
about his/her assessment result, whatever the result will
not affect his/her previously disbursed bonus.
(5) For Employee who resigns before June and his/her
assessment result is less than 1 month salary, then the
difference will be automatically deducted from his/her
last salary from the Bank that is yet to be paid.
d. Employee in his/her resignation period but officially is still the
Bank’s Employee at the time of performance appraisal, is
entitled to the annual performance bonus.
e. Employee who has violated the Bank’s work discipline or who
has made mistakes due to serious negligence shall not be
eligible for full annual Performance Bonus.
3. Annual Bonus
Annually in mid-June the Management grants an annual bonus to
its Employees that equals to a 1 month latest Salary, by
considering the followings:
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