Remuneration 

Pandox applies two types of cash-based incentive programmes for executive management.

The first is an existing and ongoing performance- and cash-based incentive programme (the “LTI-program”) which, according to the terms, now runs for one year at a time and is based on predetermined and measurable financial and non-financial criteria.

The second is a two-year performance-based longterm cash-based incentive program linked to the share price for executive managers and other key employees within Pandox (“LTIP 2026”) with a vesting period of two years and based on predetermined and measurable financial criteria. Both the LTI-program and LTIP 2026 include a maximum of 17 participants in each program. The incentive programs aim to align the participants’ incentives with the shareholders’ interests and to ensure that the company can retain and motivate strategically important employees.