Logitech 2014 Annual Report Download - page 154

Current text Proposed Text Explanation
Equity incentive awards shall provide,
in particular, a direct incentive for
future performances and align the
interest of the Management Team with
those of the Company’s shareholders.
Equity incentive awards shall be
governed by performance metrics
that take into account strategic or
other objectives of the Company or by
reference to the duration of the relevant
employee’s service to the Company or
companies controlled by it.
The Board of Directors or, to the extent
delegated to it, the Compensation
Committee,shall determine
performance metrics and target levels
applicable to performance-based cash
compensation and equity incentive
awards, as well as their achievement.
Compensation may be paid or granted
in the form of cash, shares, other
benefits or in kind; compensation to
members of the Management Team
may also be paid or granted in the
form of financial instruments or
similar units. The Board of Directors
or, to the extent delegated to it, the
Compensation Committee shall
decide upon each grant as well as the
applicable vesting, blocking, exercise
and forfeiture conditions; they may
provide for continuation, acceleration
or removal of vesting and exercise
conditions, for payment or grant
of compensation assuming target
achievement or for forfeiture in the
event of pre-determined events such as
termination of employment or office or
change of control. Compensation may
be paid by the Company or companies
controlled by it.
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