as per aggrement,



7. Bonus and insentives,

7.1 You shall be entitled to a contractual annual bonus package of 1 month and;

7.2 An annual performance bonus package subject to identified and agreed key performance targets agreed and met, which will be govern seperately under Human Recources and Performance Policy of the Company, The performance bonus package will require a majority Board of Dirrector approval.





my question is should i entitled the contractual bonus base on company situation or it compulsory for them to pay even the company unprofitable, the question base on above aggrement. can some one help me?

my boss said entitlement base on 7.2 becouse 7.1 related to 7.2 agreement, what is antual contractual bonus mean actually?

You are entitled to the so called "contractual bonus" of 1 month regardless the company is making profit or loss.

Contractual bonus is not exactly a bonus. Normally 4 weeks = 1 month. And we work 52 weeks in a year which translates into 13 months. As companies in Malaysia practice payroll in monthly basis and not weekly basis (like in England), they package the 13th salary as so called "contractual bonus". However, this contractual bonus is not mandatory but most of the established MNCs have this practice.

As for 7.2, this is depending on your individual performance as per agreed between you and your superior (your KRA and KPI). Overall company's performance is also taken into account normally as a multiplier to your performance index.

Hope this explains it all. LYN members, correct me if I'm wrong.

it is called 13th month salary/bonus.......on top of that, you will receive your extra performance bonus later......most MNC have this....

Welcome to working life

if my english works, it seems the two clauses are not dependant of each other

This post has been edited by DarkAeon: Aug 26 2013, 05:27 PM

you have to ask your Board of Dirrector ...

that the problem, my bos said it related each other

report this to the labour office - they can be mediators if you wanted to pursue this matter.

don't expect your relationship with your boss to be good after doing this though

thanks for explanation, im waiting for this kind of respond, +ve to me...

Your boss's English comprehension sucks. It's very clear that clauses 7.1 and 7.2 are not related.

7.1 You shall be entitled to a contractual annual bonus package of 1 month and;

7.2 An annual performance bonus package subject to identified and agreed key performance targets

Contractual bonus = compulsory, regardless the company making profit or loss.

that what im understand, bt he still relate 7.1 with 7.2 just because theres a ";" at the end of 7.1 sentence instead of "."

http://theoatmeal.com/comics/semicolon

Hi, sorry to bring up old thread.

May I know Malaysia labor law did mention or not employee will get prorated on contractual bonus if he resign before the payout? Mean he still receive the bonus ever he did not completed 1 year service.

Thanks.

Contratual bonus mean they need to give u 1 month bonus regardless company or ur perfomance;

On top of that, you will also receive another bonus call perfomance bonus, this will rate base on ur personal or company performance which depend ur position level.

Norm lower lvl position will refer to ur own personal kpi only; where as high lvl position will refer to ur personal kpi and company perfomance.

You will not receive bonus if u resign before complete 1 year.

Hi, I know I will not receive bonus if I not serve complete 1 year but will I receive prorated for "contractual bonus" if I tender my letter on November? The pay out was end of December. Thanks.

Read your HR policy.

yeah, some company even prorate if you do not serve the tenure for 1 year.

You could ask HR,