Questions of remuneration of the General Director are regulated by the Statement on motivation of the General Director of Kubanenergo approved by decision of the Board of Directors of the Company (Protocol of 22.07.2011 №114/2011). This Statement, an inseperable part of the employment contract of the General Director, sets the order of determining, approving and changing the salary, types of bonus for the General Director, as well as the order of making payments.

Bonuses for the General Director depend on the results of meeting the key indicators for the accounting period, a quarter or a year, approved by the Board of Directors.

If the results for the year show that the conditions (strategic priorities) set by the Board of Directors have been fulfilled then by decision of the Board of Directors the General Director can be paid an additional bonus.

For achieving high targets in the key indicator of effectiveness determined by the Board of Directors to be a priority, by decision of the Board of Directors, the General Director can be paid a special bonus according to the results of the Company’s work in the accounting year.

The Board of Directors of the Company has the right to make decisions on a one-time payment to the General Director for fulfilling particularly important tasks (works) whose completion demands special requirements in deadlines and quality, responsibility and significance for the sector and the state. In addition by decision of the Board of Directors the General Director is paid a one-time bonus in the event of his receiving a state award, or departmental or corporate award.