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133
GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
31. EMPLOYEE BENEFITS
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Salaries and bonuses
32,099,213 26,576,914 5,580,760 5,094,983
Contributions to defined contribution plan
3,421,063 3,113,913
661,203
410,086
Social security contributions
395,130
148,061
24,617
19,982
Share options granted under ESS
473,967
962,066
199,521
220,480
Other benefits
5,146,972 4,379,176
692,489
480,084
41,536,345 35,180,130 7,158,590 6,225,615
Included in the employee benefits of the Group and of the Company are Executive Directors’ remuneration
is an amount of RM1,244,589 (2014: RM1,748,256).
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 2015, excluding treasury shares held, is 97,264,694 (2014: 96,026,039);
(c) The options granted may be exercised any time upon the satisfaction of vesting conditions of each
tranche;