LTI-program description EGM 2020
(WorldNews Norway)

Long Term Incentive Program (LTIP) Extraordinary General Meeting October 22, 2020 Background and rationale for LTIP The Board of Directors has over time worked on compensation programs that align key personnel`s remuneration and incentives with shareholders` interest. Share purchase programs, mandatory use of part of management`s cash bonuses partly compensated in shares, and Board of Directors partly compensated in shares are all examples of this. In order to also cover the more long term aspects the Board has considered some different alternatives, and has concluded that a share based Long Term Incentive Program (LTIP) for leading personnel would be a good instrument to strengthen this...