Bonus Policy

PHILOSOPHY:

As a part of our endeavour to treat our employees as assets, PIS recognizes the need for welfare and recreation to ensure a better work life for our employees.

OBJECTIVE:

• The Bonus Plan of Pinnacle Infotech Solutions is designed to provide incentive compensation for all eligible employees.

• Reward employees for their performance and contribution to PIS.

• Increase employee motivation and interest in meeting PIS’s goals and reward them outside of the normal remuneration process for achieving or exceeding targets.

SCOPE:

• This Policy applies to all regular employees of Pinnacle Infotech Solutions working under an employment agreement (contract).

• Bonus is based on Basic + DA as per the industry norms.

• Bonus will be computed for the period of October to September, and bonus will be paid in the month of October.

ELIGIBILITY:

• All employees who are active on the payroll of the company at the time of disbursement of Bonus (Not on Notice Period) are eligible to receive Bonus.

• Any employee who falls under involuntary termination of service / retrenchment of vacancy/ laid off (Service Terminated on grounds other than for intentional wrong doing or on moral grounds) is eligible to receive prorated bonus vis a vis Bonus cycle set by the company.

• The Bonus Plan is provided at the discretion of PIS. Company reserves the right to administer, modify or terminate the plan with or without notice.