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370

Exhibit A
11
Employee Benefits Through the Employees Council

1. Profit-SharingScheme This was initially given in 1970 where 10% c:

Net incorne Taxes after distributed to emplo',-
DIRECTIN
ees baseC on performance, salary grade ar:
length of service

2.' Canteen Subsidy An employee pays only P0.30 for a meal th:'
costs P30.00. In 1996, meal subsidy arnounte:
to P18 million. About 3,000 meals per dar
are subsidized.

3. Commodity Ration An employee receives nine sacks of rice a yea,-

and employees with children below 5 yer-.
of age are givrn 3 cans of powdered miih .
month. There is also a commodity store wh::-
sells basic commodities to empirryees at lou'.:
prices. In 1995, this benefit c'ost pt S miilic,-
Directing is the p
4. Housing The company has a housing project compc-+ ":dr and influences or
ing of 100 apartment-type units rented to tr* : ,:rpany objectives.
employees at P50-P80 per month, Ti: :'.'olve analytical ski
company aiso has an employee housing lor-- : jman beings, uses I
Program. .-. ''ls

5. Insurance The company provides group life and pe :-

sonal accident insurance and pays 100% of re fhe Importance o
premium. This benefit cost Super-Lab f i
million tn 1996.
Human organizat
6. Hospitalization Plan The company pays 80% of the hospital bili ," : -:ication and interar
its employees and his immediate familyr : :. -coked upon as the
special cases, the company pays 100o/,. -. : :rganization into ;
=
1996, this cost the company P12 million.
;: Directing is very r

7. Retirement Plan A retired employee upon reaching 30 years :,: "c.:, and in some rnhna
service is given one month's pay for eve:, r::agers do not perfc
year of service based on his ierminal par :-"::ad achieve results
:: trtant managerial :
8" Other Fringe Benefits The company also provides other fringe br- ::
--. a ger interacts with
efits such as maternity and marriage benei=
. education aid, emergency assistance, farr: "'
l; , :o day.
'doctor service, bereavement aid and men-,:-
rial service aid.