![]() Deviations from this general guideline may be made when appointing new senior executives whose employment agreements already comprise benefit based pension plans. As a general guideline, pension benefits shall be fee based. At dismissal by the company, the notice period and the period during which severance payment is paid, all in all, shall not exceed 24 months. The notice period shall normally be six months on the part of the employee. Each year the Board of Directors shall consider to recommend the AGM to resolve on a share or share rate related incentive program. The variable remuneration shall not qualify for pension. The variable part of the salary shall be maximised to up to 150 per cent of the basic remuneration, related to the earnings performance on which the individual may have an impact on and based on the outcome in relation to individual targets. Remuneration shall consist of a basic salary, variable remuneration, pension and other benefits and all remuneration shall be competitive and in accordance with market practice. The full proposal of the Board of Directors on Guidelines for Remuneration to Senior Executives can be found here. The following is a summary of the principles for remuneration to senior executives in Hexagon adopted by the Annual General Meeting (AGM) 2020. ![]() Executive Vice President is included in Other senior executives, more detailed information on remuneration to the Executive Vice President can be found in the Remuneration Report 2022. ![]() Expenses for Share programme amounts to 1.4 MEUR for the President and CEO and to 3.9 MEUR for Other senior executives.ΔΆ) Including costs for part of the year for senior executives who acceded the position 1st of July 2022 and resigned the position 1st of October 2022. Other benefits for other senior executives comprise company car and insurance (excluding pension insurance). 1) Other benefits for President and CEO comprise a severance payment in accordance with the current employment contract equal to 24 months of salary which is a derogation from the guidelines for remuneration to senior executives approved in accordance with the Board mandate.
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