Highly Confidential

SUMMARY OF COMPENSATION AND BENEFITS

Name: CRISCEL B. CUERDO
Position Title: Chat and Email Support
Job Level: Associate III Hiring Date: August 8, 2022
Employment Status: Probationary End of Probation: March 6, 2023
Business Unit: Operations Wage Type: Daily-Rated
Business Segment: Operations Support Pay Grade: F
Service Line: Customer Service Number of Workdays: 5
Org Unit: Elsevier Intial Work Schedule: Mon-Fri 12:00-8:00PM
Internal Order: ES13006418D1 Cost Center: SPIT401201
Imemediate Supervisor: Melissa De Chavez Site: Parañaque

UPON EMPLOYMENT
Components of Pay:
Est. Monthly Fixed Pay: PHP 13,550.19
Basic Daily Rate: PHP 597.71
Estimated Monthly Rate: PHP 13,000.19
Allowances (Non-Taxable): PHP 550.00
Rice Subsidy: PHP 550.00
*Allowances and other recurring pays are pro-rated based on the actual paid attendance of the employee within the pay period (covers pro-ration on
joining and separation date)

A. GOVERNMENT MANDATED BENEFITS

• Social Security Systems Benefits
- Benefits offered: Salary Loan, Maternity Benefit, Sickness Benefit, Disability Benefit, etc. (provided the required
number of contributions have been met)
• PhilHealth Benefits
- Hospitalization subsidy in case of confinement or out-patient surgical procedure in an accredited healthcare institution
(provided the required number of contributions have been met)
• Pag-IBIG Fund Benefits
- Benefits offered: Multi-Purpose Loan, Housing Loan, provident savings, etc. (provided the required number of
contributions have been met)
• Overtime, Night Differential and Premium Pay
- Above the government-mandated rates for OT, ND and Premium Pay
- Additional night differential overtime pay equivalent to 10% of hourly rate for work between 10PM to 6AM
• Thirteenth (13th) Month Pay
- Guaranteed pay of no less than 1/12 of the total basic salaries earned within a calendar year
- First half is given in June and second half in December
• Maternity Leave
- One hundred five (105) days of maternity leave for normal and cesarean delivery and 60 days for miscarriage or
emergency termination of pregnancy
• Paternity Leave
- Seven (7) days of paternity leave for married male employees for the 1st four (4) pregnancies of spouse.
• Special Leave for Women
- Maximum of sixty (60) calendar days leave per year for female employees who have undergone surgery due to
gynecological disorders.
- Employee must have at least six (6) months continuous aggregate employment service for the last twelve (12) months
prior to surgery.
• Leave for Victims of Violence Against Women & Children

- Maximum of ten (10) days leave per year for employees who are victim of Violence Again Women and Children Act

• Solo Parent Leave

- For solo parent employee certified by the City/Municipal Social Welfare and Development Office and with at least one
(1) year of continuous service, paid leave of seven (7) working days a year may be availed on a continuous or staggered
basis as long as within the validity of the Solo Parent ID.

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B. COMPANY-INITIATED BENEFITS
• Medical Insurance
Maximum Benefit Limit Per Illness Per Year (Room Plan Coverage): PHP 90,000.00
- Hospitalization services
- Out-patient services
- Emergency care services
- Dental services
• Group Yearly Renewable Term (GYRT) Life Insurance
Amount of Coverage: PHP 500,000.00

- Group life insurance with Accidental Death and Dismemberment (AD&D) and Total Permanent Disability (TPD) riders.

• Annual Physical Examination (APE)

- Annual medical exam that includes routine procedures such as chest x-ray, urinalysis, fecalysis, complete blood count
and physical examination.
• In-House Medical Clinic
- Free consultation (with in-house physician) and medicines at the company clinic
• Training and Development Programs
- Participation in a training program, as deemed necessary towards raising the employee's productivity, efficiency and
effectiveness in coordination with the employee's immediate superir, University Next and/or external training
providers.
• Employee Engagement Activities

- Group or company-wide social events and celebrations espousing the social and physical well-being of employees.

• Facilities

- Subsidized Canteen - Meals and snacks may be availed from the regular canteen concessionaire at a reasonable cost.

- On-Site Grocery - Snacks and grocery items may be availed from the SPi Cooperative Grocery.
- Free Shuttle Service - 24-hr service vehicles provided for all employees from Sky Freight Bldg./Casino Filipino to Spi
Building and vice-versa.
• Employee Care Package
- To celebrate and symphatize with our employee's life events, we provide New Born Kit, Wellness Package and Floral
Wreath or Mass Card.

UPON REGULARIZATION
COMPANY-INITIATED BENEFITS
• Paid Time Off (PTO)
Paid Time Off Per Year: 12
- Subject to PTO accrual and usage guidelines
- Unused PTO of 1 to a maximum of 5 will be included to the following year; No cash conversion of unused leaves on top
of the 5 days carry over.
• Bereavement Leave
- Entitled to a maximum of five (5) days bereavement leave for every death of an employee's family member.
- Immediate family members include the employee's father, mother, spouse, children (includes those that are legally
adopted by married or single employee), father-in-law, mother-in-law, brother or sister.
• Birthday Leave
- A one (1) day paid time off granted to an employee on the occasion of his/her birthday.
- Subject to the Birthday Leave guidelines; Non-convertible to cash
• HMO Coverage of Dependents
- Eligible employees may enroll their dependents to the different benefit package of their choice.
- Cost will be 100% shouldered by the employee through salary deduction within the duration of 1 year. In the event of
separation prior the end of the contract year, employee must pay the balance of the premium cost. May continue
dependent(s)' coverage after separation at employee's own account/arrangement with the HMO provider otherwise,
coverage ends upon separation (co-terminus with employment).

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- Cost will be 100% shouldered by the employee through salary deduction within the duration of 1 year. In the event of
separation prior the end of the contract year, employee must pay the balance of the premium cost. May continue
dependent(s)' coverage after separation at employee's own account/arrangement with the HMO provider otherwise,
coverage ends upon separation (co-terminus with employment).
- Subject to terms and conditions of the Company and the partner service provider.
• Optical Supplementary Benefit
- Optical subsidy per year based on the following availments:
Plastic Lenses; Single Vision - PHP 360.00
Plastic Lenses; Double Vision - PHP 480.00
Contact Lenses - PHP 480.00
- For availment thru accredited optical shop, in excess of the optical subsidy, employee will settle thru salary deduction
up to 2 months/4 payout depending on the amount.
• Maternity Assistance (For Female Employees)
- Cash assistance to be given to female employees for child birth/miscarriage
- Subject to the terms and conditions of this Maternity Assistance Policy
• Annual Performance Incentive
- Monetary rewards form part of the recognition for the outstanding contributions made by the employees through the
achievement of the objectives set in their respective Balanced Score Card (BSC).
- Amount will be relative to the employee's performance and Company's profitability of the year.
- Subject to the Implementing Guidelines and Policies of Incentive Program.
• Facilities
On-Site Pharmacy
- Discounted medicines that may be paid through salary deduction
• OPTIONAL Membership to SPi Multipurpose Cooperative (SPIMC)
Benefits include the following:
On-Site Grocery - Regular coop member employees may purchase grocery items on credit upon completion of capital
build-up amounting to PHP 2,000.00; credit limit will be based on monthly salary; payment for items will be through
salary deduction.
Multi-Purpose Loan Program - Regular loan, educational loan, short-term loans are some of the options a regular coop
member employee may avail of depending on employee's capital build-up and programs/services availed.
Dividend Sharing - Dividend sharing will be provided at the end of the fiscal year; Regular coop-member employee
may have the option to cash out the dividend or add up to the capital.
• OPTIONAL Savings through Pag-IBIG MP2
- Option to save a minimum of PHP 500.00/month through salary deduction. The Company will facilitate the remittance
of the employee's savings to their respective Pag-IBIG MP2 accounts.
• Perks
- Birthday Gift
- Christmas Basket
- Milestone Awards
• Retirement Programs
Normal/Compulsory Retirement Benefit (Government Mandated)
- An employee upon reaching the age of sixty (60) years or more, but not beyond sixty five (65) years which is hereby
declared the compulsory retirement age, who has served at least five (5) years in the Company, will receive a retirement
benefit. Computation is base pay multiplied by the number of years in service less applicable tax.
Early Retirement Program
- After fifteen (15) years and up of continuous service, employee may apply for an early retirement subject to the
required approvals. Retirement benefit computation is base pay multiplied by the number of years in service less the
applicable tax.

Signature above Printed Name Date Signed