The Board of Directors of
Performance Share Plan (PSP) 2021 - 2023
The next individual plan within the PSP structure, PSP 2021-2023, commences as of the beginning of 2021 and the potential share rewards thereunder will be paid in the spring 2024, provided that the performance targets set by the Board of Directors for this plan are achieved.
The potential share reward under PSP 2021-2023 will be paid based on the performance targets relative total shareholder return of
The members of
If all the performance targets set for PSP 2021-2023 are fully achieved, the aggregate maximum number of shares to be paid based on this plan is approximately 277,000 shares (referring to gross earnings before the withholding of the applicable payroll tax).
Deferred share unit plan (DSUP) 2021 - 2023
DSUP 2021 - 2023 is the first individual plan within the DSUP structure. DSUP 2021-2023 commences as of the beginning of 2021 and the potential reward thereunder will be paid in cash in the spring 2024, provided that the performance targets set by the Board of Directors for this plan are achieved.
DSUP 2021 - 2023 rewards its participants for individual and company and/or business unit level performance during a one-year performance period comprising the calendar year 2021. The reward potentially earned during the year 2021 will be converted to synthetic share units for an approximately two-year share price performance period. The reward is paid thereafter in cash in the spring 2024 based on the value of the share of
If all the performance targets set for DSUP 2021-2023 are fully achieved, the aggregate maximum monetary amount of rewards payable based on this plan and estimated on the date hereof is approximately
Restricted Share Plan (RSP) 2021 - 2023
The next individual plan within the RSP structure, RSP 2021-2023, commences as of the beginning of 2021 and the share rewards potentially granted thereunder will be paid in the spring 2024.
The purpose of the Restricted Share Plan is to serve as a complementary long-term retention tool for individually selected key employees of
The aggregate maximum number of shares to be paid based on RSP 2021-2023 is approximately 46,000 shares (referring to gross earnings before the withholding of the applicable payroll tax).
Other terms
The value of the reward payable to each participant based on each of the afore-described plans is limited by a maximum cap linked to
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