Melco Resorts & Entertainment has implemented a Share Purchase and Award Program to recognize and reward its employees’ dedication and commitment. It also provides eligible employees with the opportunity to benefit from the Company’s long-term growth.
The Share Purchase and Award Program applies to employees who participated in the Company’s voluntary leave program in 2020. It is to manage costs in the face of the pandemic’s challenges.
An eligible employee can use a portion of his or her base salary during the program’s term. This runs from July 2021 to June 2022, to purchase and receive a grant of restricted shares under the Melco Resorts 2011 Share Incentive Plan. The aggregate value is equal to 200% of the amount of base salary so applied as at the grant date. The maximum number of restricted shares that can be issued under the Share Purchase and Award Program is less than 0.50% of the total number of shares outstanding on July 8, 2021.