December 2021 HR Lineup

HR L I NEUP DECEMBER 202 1

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The following core HR procedures were effective October 1, 2021.

management and continuous perfor- mance improvements within HR. The procedure details the four main compo- nents of performance planning, control, assurance, and continuous improvement by providing definitions and examples of the structure within various areas of HR. Performance & Reward Policy • Long-Term Assignments procedure spec- ifies the core elements, mandatory rules, processes and information governing long-term assignments at ABB. • Short-Term Assignments procedure specifies the core elements, mandatory rules, processes and information govern- ing short-term assignments at ABB. • One-time grants procedure describes the core requirements related to defined types of special one-time grants, ex- plains when each type of such grant can be used and describes further implica- tions.

Performance & Reward Policy • Long-Term Incentive procedure sets out the framework that applies to Long-Term Incentives (LTI) that are offered to se- lected employees, and defines the key principles, minimum standards and gov- ernance related to the nominations for participation in an LTI Plan. • Executive Compensation procedure in- cludes the corporate governance respon- sibilities managed by Executive Compen- sation, including endorsement of compensation decisions for Division Presidents and other senior leaders in grades 1-5. All of the core HR policies and procedures are available under the HR section of the ABB governance portal. If you have any questions, please contact your HR Busi- ness Partner.