Logitech 2014 Annual Report Download - page 153
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Current text Proposed Text Explanation
Article 19 ter
[No corresponding provision] The principal components of the
compensation of the Management
Team shall be: (i) base salary;
(ii) performance-based cash
compensation, in the form of incentive
cash payments; and (iii) equity
incentive awards.
The base salary shall reward the
relevant members of the Management
Team for their individual contribution
to the Company and their expected
day-to-day services.
The performance-based cash
compensation shall take appropriate
account of the achievement of the
Company’s, individual employees’
or other performance goals. The
target level of the performance-based
cash compensation elements shall be
determined as a percentage of the
base salary. The performance-based
cash compensation may amount up
to a pre-determined multiplier of
the target level. Its amount may also
reflect an overall assessment of the
relevant employee’s performance or the
Company’s objectives.
ECLCO requires
that the principles
that govern the
payment of variable
compensation and
equity grants to
Executive Officers
be described in
the Articles of
Incorporation.
ENglISH
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