Chapter 1 General Principles
Article 1 In order to promote the development of [Company Name] (hereinafter referred to as "the Company"), the management system for the compensation and assessment of senior management personnel is established to enhance the Company's management and operational efficiency.
Article 2 The management system applies to all senior management personnel, including general managers, deputy general managers, and other senior management personnel (hereinafter referred to as "senior management personnel").
Article 3 The principles for determining the compensation of senior management personnel are as follows:
- The compensation should reflect the Company's operational performance.
- The compensation should be linked to the achievement of the Company's strategic goals.
- The compensation should be competitive in the market.
Article 4 If the internal economic environment of the Company changes significantly, the Company may adjust the compensation system accordingly.
Chapter 2 Compensation Management Structure
Article 5 The Company shall establish a compensation management committee responsible for the management of senior management personnel's compensation.
Article 6 The compensation management committee shall consist of members from the board of directors and other relevant departments, and shall be responsible for the formulation and implementation of the compensation management system.
Chapter 3 Compensation Structure and Distribution
Article 7 The compensation for senior management personnel shall be based on the following formula: (Base Salary + Bonus) × 12 × (Performance Adjustment Factor).