I would like to inform you about the payment items which will be included in the payout on Aug 28 which are
• 2015 new salary which will be effective since July 1, 2015
• The retroactive amount of Base, OT from July 1 – Aug 5
• Q2 PPSP payout (replace EIP program) for the employees whose supervisor approved Q2CSF score and Q3 CSF target by timeline. For the late approval will be late payout for 6 weeks per PPSP spec. The list were given to your manager.
• Service award payment for the employees whose service year reach milestone per below
o 7/14 yr after March 12,2015, Q215 and August’15
o 21 yr after March 12, 2015 and Q215
All will be taxable. Thank you.