Melco Crown Entertainment today announced that, according to the “MCE Employee Incentive Program”, the “Summer Incentive”, which represents a payment of an additional one month salary, was paid to eligible Melco Crown Entertainment employees at the end of July 2016.
Melco Crown Entertainment introduced the innovative and best-in-class “MCE Employee Incentive Program” in 2014. The Program allowed eligible employees to choose between a payment in summer time of an additional one month salary (“Summer Incentive”) or a “Golden Nest Egg”, a one-off payment equivalent to six times the relevant employee’s monthly salary.
Mr. Lawrence Ho, Chairman and Chief Executive Officer of Melco Crown Entertainment, said: “At Melco Crown Entertainment, we see our employees as the most valuable asset. I am delighted to learn that the majority have opted for the longer-term ‘Golden Nest Egg’, as this will add great enhancements to our employees.”