132
GHL Systems Berhad
(293040-D)
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
31. EMPLOYEE BENEFITS
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Salaries and bonuses
26,576,914 17,814,005 5,094,983 4,929,714
Contributions to defined contribution plan
3,113,913 1,379,341
410,086
360,464
Social security contributions
148,061
464,605
19,982
20,738
Share options granted under
share options scheme
962,066
868,685
220,480
372,943
Other benefits
4,379,176 1,317,462
480,084
320,302
35,180,130 21,844,098 6,225,615 6,004,161
Included in the employee benefits of the Group and of the Company are Executive Directors’ remuneration
as disclosed in Note 28 to the financial statements.
32. EXECUTIVES’ SHARE SCHEME (“ESS”)
The ESS of the Company came into effect on 30 August 2013. The ESS shall be in force for a period of five (5)
years until 29 August 2018 (“the scheme period”). The main features of the ESS are as follows:
(a) Eligible Executive Directors and executives are those who meet the following criteria:
(i) if he has attained the age eighteen (18) years of age and is not an undischarged bankrupt;
(ii) if he is employed on a full time basis and is on the payroll of any corporation in the Group and has
not served a notice to resign or received a notice of termination;
(iii) if his employment has been confirmed in writing;
(iv) if he is an Executive Director of the Company, the specific allocation of Scheme Shares andOptions
granted by the Company to him in his capacity as an Executive Director of the Company under
the Scheme has been approved by the shareholders of the Company at a general meeting;
(v) if he is serving in a specific designation under an employment contract for a fixed duration but not
if he is merely employed for a specific project; and
(vi) if he fulfils any other criteria and/or falls within such category as may be set by ESS Committee from
time to time.
(b) The maximum number of options to be offered under the ESS based on the issued and paid-up ordinary
share capital as at 31 December 2014, excluding treasury shares held, is 96,026,039;
(c) The options granted may be exercised any time upon the satisfaction of vesting conditions of each
tranche;
