Internal, Internal Bonus Policy, Version 1, page 6 of 8 - March 2022
Date of
employment
termination
Reason of employment termination
Entitlement
to bonus
payment
Treatment of
Annual Bonus
shares
During the
bonus year
(and before the
bonus
payment). It
applies to
cases from the
time when the
notice is given,
during the
notice period
until the
termination of
employment,
or after the
termination of
employment.
Notice given by an employee
No
entitlement
to bonus.
No entitlement to
bonus.
Notice given by an employer:
- according §63 par.1, let. d) point 1) - 3) Labour Code - noncompliance
assumptions and / or requirements
Dismissal from employer´s side:
- according §63 par.1, let. e) Labour Code - reasons when the employer
may terminate the employment or for a minor breach of discipline
Immediate termination of employment - serious breach of discipline,
valid conviction for intentional crime
Termination of employment in probation period
Termination of employment by mutual agreement - termination is
based on an agreement between employee and employer. Agreement is
requested by an employee
Termination of employment or agreement about termination of
employment concluded on the employer's request:
- according to §63 par.1, let. a) - c) Labour Code - employer is being
cancelled, moving of employer, organizational changes (redundancy),
health reasons
Entitlement
to the pro
rata part of
the bonus.
Part of the bonus
usually paid out in
shares will be paid
in cash.
Retirement - including early and disability pensions
Death
End of fixed-term employment - end of the agreed period without an
extension agreement
During share
deferral period
Dismissal from employee´s side
N/A
Entitlement to
shares expires.
Dismissal from employer´s side:
- according §63 par.1, let. d) point 1) - 3) Labour Code - noncompliance
assumptions and / or requirements
Dismissal from employer´s side:
according §63 par.1, let. e) Labour Code - reasons when the employer
may terminate the employment or for a minor breach of discipline
Immediate termination of employment - serious breach of discipline,
valid conviction for intentional crime
Termination of employment by mutual agreement - an agreement of
employment termination between employee and employer concluded on
the employee's request
Termination of employment or agreement about termination of
employment concluded on the employer's request:
- according to §63 par.1, let. a) - c) Labour Code - employer is being
cancelled, moving of employer, organizational changes (redundancy),
health reasons
N/A
Shares will be
released shortly
after the date of
employment
termination. The
number of shares
released will
represent the net
value of the
shares, net of tax
and levies.
Retirement - including early and disability pensions
Death
End of fixed-term employment - end of the agreed period without an
extension agreement