Company prize (EMP1, EMP2, EMP3)

[!Warning] This initiative is also related to the Engineering Ladder: it applies only to employees with level greater than or equal to Eng2 at 31/12 of the year of calculation reference.

The company prize shall be issued depending on the results of the company. In the case of Agile Lab, results of the company depend on two components:

• the EBITDA (Consulting). The EBITDA is defined as Total revenue of the company – Total costs. This means the company prize is dependent not only on revenue growth, but also on overall costs and costs primarily include investments.
• Product licences.

The company result will be defined, at the beginning of the year, by a minimum value and maximum value.

• A target value is the value we need to reach.
• A threshold computed from the target value defines the minimum and maximum value.

Example: Let's suppose the target value is 1M and the threshold is 5%.

• If we achieve less than the minimum value 95% (100% - 5%), we achieve 0%.
• If we achieve 100%, we are on target.
• If we achieve the maximum value 105% (100% + 5%) or more, we are in overachievement.

This logic shall be applied tho both components EBITDA and Product licenses.

If we are on target, the prize is 8% of the gross annual salary.

If we are in overachievement, the prize is more than 8% of the gross annual salary. The exact amount can be computed based on the coefficients communicated at the start of the year.

The individual prize will be a linear percentage between the minimum and maximum value.

The prize shall be paid in two steps:

• First tranche: 50% with the April payroll, so in May, year X+1 (year X is the year for calculation reference)
• Second tranche: 50% with the May payroll, so in June, year X+1 (year X is the year for calculation reference)

An employee hired before the 31st of August shall be eligible for the company prize but proportionally to the effective months; an employee hired after the 31st of August shall not be eligible for this prize.

In the eligibility period:

• If an employee will be hired before the 15th of the month shall be eligible starting from the same month;
• If the employee will be hired after the 15th of the month shall be eligible starting from the next month (i.e. if hired 15th of March shall earn 9/12 of the jackpot amount).

In case of resignation:

• If the resignation comes before the issuing dates of the Company Prize in the year X, the employee will lose the right to the prize relative to the X-1 year.