 |
COMPENSATION SYSTEM
Compensation to the Board, CEO and Authorized Public Accountants can be found here>>
Incentive plans for the management:
- Share-based incentive plan
The Board of Directors decided on March 13, 2006 on a separate share-based incentive plan, directed at around 12 members of the senior management. It came into force after the decision of the Annual General Meeting on April 10, 2006 to issue stock options. The potential reward from the plan will be paid in 2007 partly in the company's shares and partly in cash payment. The proportion to be paid in cash will cover taxes and tax-related costs arising from the reward. The reward includes a prohibition to transfer the shares within two years from the end of the earning period. The potential reward from the plan will be based on the Group's key figure Earnings per share (EPS).
The stock options 2006 of Aspocomp Group Oyj for key personnel and subsidiary entitle their holders to subscribe for a total of 930,000 company shares. 285,000 stock options 2006A were distributed to key personnel of the Group and 25,000 to a subsidiary Aspocomp Oy. Aspocomp Oy also received 310,000 stock options 2006B and 310,000 stock options 2006C for further distribution to present and future key personnel of the Group. The decision of the Annual General Meeting was published on April 10, 2006, and the decision of the Board on May 5, 2006. Further information on the stock option terms and conditions is available here>>.
On May 10, 2007, the Board of Directors decided to distribute a total of 310,000 stock options 2006B and the remaining 25,000 stock options 2006A to key personnel of the Group. The beginning of the share subscription period for stock options 2006B is subject to attainment of the targets set for the Group's cash flow. The Board set the financial targets for stock options 2006A in the spring of 2006. Details of the Board decision are available here>>.
| |
