The Association of HSBC Bank Berhad Officers [Peninsular Malaysia]

TENTAT IVE AGREEMENT BETWEEN HSBC (M) BERHAD & ASSOCIATION OF HSBC BANK MALAYSIA BERHAD OFFICERS

1. Article 16 - Rates of Pay - 11% ACROSS THE BOARD - Under New Salary Range [instead of Step Ladder] Staff Officer (SO) Minimum - RM2,480 Maximum - RM7,315 Senior Staff Officer (SSO) Minimum - RM2,944 Maximum - RM8,627

2. Article 17 - Annual Increment Shall be 5% of his basic salary as at 31st December of the previous year.

3. Article 18 - An nual Bonus Based performance bonus

4. Article 28 - Fam ily Medical Benefits Staff Officer (Applicable to SO Only) Outpatient Treatment - RM1,600 Hospitalization - RM2,250 • New Definition – Children under the age of 19 years old. • Senior Staff Officer – no limit

5. Article 19 - Subsistence Allowance Semenanjung Malaysia - RM60 Sabah / - RM70

6. Article 19 - Transport RM1.00 cents per km

7. Article 19 - Shift Allowance Two shift cycle - RM265 Three shift cycle - RM320

8. Payment for work on Saturday, Rest day and Public Holidays a) Up to 4 hours worked - RM57 b) Beyond 4 hours - RM115

9. Article 12 - Transfer a) Resettlement Expenses (Married or Single) - RM2,000 b) Meals Allowance - RM60 (Pen M’sia) / RM70 (Swk/Sabah) c) Children* of 12 years old & above - 1 factor d) Children* of below 12 years old - ½ factor

• Children – Up to the age of 19 years old

10. Article 12.6- Outstation Housing Allowance Big City - RM750 Married Officer - RM500

11. Child Care Subsidy (NEW ARTICLES) Every female officer with child/children of seven (7) years and below shall be reimbursed child care subsidy of up to a maximum of RM1,200 per annum.

12. Delivery Charges (NEW ARTICLES) Banks will reimburse a female officer an amount not exceeding RM700 per confinement in respect of two (2) confinements.

13. Article 28 - Medical Benefits (New Article) A combined cap of RM650 per annum for dental treatment and spectacles/contact lenses • The bank will pay full cost for dental extraction (Officer only)

14. Article 30 - Insurance Group Personal Accident Policy - 36 times or to the maximum coverage of RM180,000 Group Life Policy - 30 times of basic salary

15. Article 31 - Retirement Age Up to 57 years old. • MOU between AHBO and HSBC if other unions increased retirement age beyond 57 – to renegotiate.

16 Acting Allowance Staff Officer (SO) - RM82 per day Senior Staff Officer (SSO) - RM108 per day

17. Duty Involving Travel Beyond 25 Kilometer Meal Allowance payable are:- (a) Peninsular Malaysia - RM60 (b) Sabah / Sarawak - RM70

18. Meal Allowance Not less than 1 hour - RM13 Not less than 2 hours - RM24 Not less than 3 hours - RM31 Not less than 4 hours - RM39

19 Article 12(3) (a) Accommodation If chooses to stay out of Bank-arranged accommodation, to be reimbursed at:- (a) Peninsular Malaysia - RM116 (b) Sabah / Sarawak - RM140

20. COLA Letter of Understanding that the Bank has agreed to review the current status (i.e. No COLA) if NUBE and ABOM are given COLA in the forthcoming negotiations for new CA for the term 1/1/2009 to 31/12/2011.