Logitech 2014 Annual Report Download - page 155
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Current text Proposed Text Explanation
Members of the Management Team
may participate in share purchase
plans established by the Company
or companies controlled by it, under
the terms of which eligible employees
may allocate a portion of their
compensation to the purchase of
shares of the Company at a discount to
market price.
The Company shall reimburse the
expenses incurred by the members
of the Management Team. Expenses
reimbursements are not part of the
compensation.
Article 19 quater
[No corresponding provision] Upon proposal of the Board of
Directors, the General Meeting
approves the maximum aggregate
amount of the compensation of:
a) the Board of Directors, for the
period up to the next Annual General
Meeting; and
b) the Management Team, for the next
business year.
ECLCO requires
that the aggregate
compensation paid to
the members of the
Board of Directors
and the aggregate
compensation paid to
Executive Officers
be subject each
year to a binding
shareholder vote.
The manner in which
the remuneration
is approved by
shareholders
(i.e. retrospectively
or prospectively)
must be specified
in the Articles of
Incorporation.
ENglISH
139