PPRuNe Forums - View Single Post - CX Huge Profit $6,840 (only interim)
View Single Post
Old 4th Aug 2010, 15:36
  #15 (permalink)  
Pomerian
 
Join Date: Mar 2010
Location: HKG
Posts: 36
Likes: 0
Received 0 Likes on 0 Posts
Sand Man,
your question is being answer in the FAQ of the Advance Profit Share

5. I expect to be promoted before the end of the year. If part of the profit share is paid now when I am earning a lower salary, will I lose money compared to having it all paid at year end at my new salary level?

Subject to the public announcement of the Airlines’ audited consolidated annual results, the total amount of annual profit share for 2010 will be calculated according to the formula as stipulated in the Profit Sharing Scheme Policy. Therefore, employees who are eligible for annual profit share will have their eligible amount calculated in full and the Payment they receive in August will be offset. As a result, the total payment will be made in accordance with the annual profit share formula.
Pomerian is offline