STRICTLY PRIVATE & CONFIDENTIAL
February 20, 2023
Phan Duong Thai Bao (Employee ID: 01184)
Dear Bao,
Your 2022 performance rating and compensation summary are provided below. The values reflect business
results, your individual performance and your contribution towards helping our Clients achieve lifetime financial
security and live healthier lives.
Please note that all other terms and conditions of your employment remain unchanged.
2022 Performance Rating:
3 - Strong Contribution
2023 Base Salary
Details
Current
New
Gross Monthly Base Salary (MBS)
VND25,530,000
VND27,827,700
Gross 2023 Base Salary (12 MBSs + 13th month bonus)
VND331,890,000
VND361,760,100
The gross 13th month bonus will be paid in January 2024 payroll.
Effective date: April 01, 2023
2022 Annual Incentive Plan (AIP) Award
Your AIP Target
Your Individual
Multiplier
% based on your
performance and
contribution
% of your annual salary
of 12 months (*) decided
by your job level
VND29,877,000
x
100%
Your AIP Award
Our business
Results
% based on
business
performance
x
81%
=
VND24,200,370
(*) Gross amount prorated for the active employment and any change during the year
Your gross 2023 Base Salary + AIP award is VND385,960,470
Thank you for your contributions to Sun Life in 2022. You play an important role in supporting our Client Impact
strategy. Let’s continue to work towards becoming one of the best asset management and insurance companies
in the world.
Sincerely,
Luc Nhon Ly
Chief Executive Officer