At VeronaLabs, we believe in rewarding the hard work and dedication of our full-time team members. Every year, we allocate 5% of the company’s income to be distributed as bonuses. This document explains how the bonus is calculated and how each team member’s share is determined.

Eligibility Criteria

• Full-Time Employees Only: Only full-time employees are eligible for this bonus.
• End-of-Year Eligibility: To qualify for the bonus, you must be working with us at the end of the year. If you leave the company before that, you will not be eligible for that year's bonus.

How the Bonus is Calculated

The total bonus pool (5% of the company's income) is divided among eligible employees based on a point system. The more points you have, the larger your share of the bonus. There are two main factors that determine your points:

1. Founders Points (0.5 - 3 points)

These points are based on your overall contribution to the company. Navid and Mostafa, the founders, assign these points based on several factors:

• Responsibilities: The level of responsibility you have in your role. This includes what tasks you're in charge of and how much impact your work has.
• Seniority: How long you’ve been with the company and your experience in your role.
• Dedication: How committed you are to your work, the team, and the company's success.

The points are assigned by the founders and are non-negotiable. These points are meant to reward your hard work, expertise, and the value you bring to the team. They also reflect the trust and confidence the founders place in you to help drive the company forward.

2. Time-Served Points (0.5 - 3 points)

This parameter reflects the duration of time a team member has been with VeronaLabs as a full-time employee.

Point Calculation:

• During the first two years, each 6-month period of full-time employment grants 0.5 points.
• After the first two years, each year of full-time employment grants 0.5 points.
• The maximum points a person can earn from this parameter is 3 points.

Important Notes for Time-Served Points:

• If someone has worked for less than 6 months, they do not receive any time-served points for that period.