Compensation and Benefits Manual
...he top management to determine which compensation plan should the job type follow. 2. Contents This manual contains details of the compensation and benefits policy based on the Company¡¯s objectives and development of the current business development status. It provides a standardized system of format, principles, constructive contents and administrative procedures in explaining the compensation and benefits policy of the Company. Additionally, it outlines five (5) compensation models by categorizing the business functions of various job types as follows: Compensation Model Apply to the Job Type of: Compensation Model 1 Direct Sales Compensation Model 2 Channel Sales Compensation Model 3 Second Sales Compensation Model 4 Sales Support Compensation Model 5 Back Office Support 3. Application / Restrictions The contents of this manual are subject to change due to the Company¡¯s direction and business development, without advanced notice. The top management executives and the human resources director / managers should have full understanding of this policy and be able to master the development and amendment of this manual, whenever it is required. Laws and regulations newly imposed by the Beijing Municipal (or the corresponding city) and the Central Government of the People¡¯s Republic of China should be followed whenever they are approved and effective. Such responsibility should lie on the Company at all times. Other personnel assigned by the authority (i.e. the top management of the Company) to have access to this manual should treat the information in strictest confidence. Again, if the authorized personnel are requested to utilize any information from this manual, they should have full understanding of the policy and consult the top management or the human resources director/ managers for clarification. Note: This manual is the property of Canon (China) Co., Ltd., any personnel not authorized by the Company does not have any rights to access, use and / or disclose any information in this manual. 4. Recommendations and Declarations Components in this compensation and benefits manual are partly related to the performance management system developed for the Company. The relationship of compensation and performance management is addressed under the Chapter of Relationship of Compensation and Benefits to Performance Management. A successful implementation of the compensation plan relies on a systematic and correlated alignment of the compensation and benefits model and performance management system. Therefore, the Company should pay equal attention to the performance management system when rew...