Page 13 - 2018 MSC HR Policy

Chapter 6

Compensation

3. Performance KPI Bonus

Policy

Performance Bonus is an exclusive reward policy by the sole discretion of the Management for an employee

who is considered having a good performance and contributing value to the success of the Company. There
is no guaranteed or fixed bonus for all employees. The rate of the performance bonus depends on the result
of performance evaluation of each individual employee.

Eligibility

 In general, employee must be in Department Manager (DH) level or above to be eligible for KPI bonus.
 Employee who joined the company on or prior to 1 January of the performance year (previous year of
st
March) will be eligible for full KPI bonus based on achievement.
st
nd
 Employee who joined the company from 2 January to 31 August will be eligible for a prorated KPI
bonus.
 Employee who was employed from 1 September or the first working day of September onwards and
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/ or is still under work probation is not eligible for the KPI bonus.
 Employee who was transferred between business units of the Minor Group is eligible for the KPI bonus
as per above criteria.
 For the avoidance of doubt, individuals who submit their resignation prior to bonus payment are still

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eligible to receive their KPI bonus entitlement, as long as they are still actively employed on 31 March.
Bonus Payment Date

The Company will pay the performance bonus to eligible employees on the salary payment date of March.

The year-on-year policy will be issued at the beginning of the year.

HUMAN RESOURCES POLICY Page 13 of 49
VERSION: HR001-2018, JANUARY 1, 2018