Short-term incentive schemes
Short-term incentive schemes have an earning period of maximum one year, and the associated reward is paid in cash.
Short-term incentive schemes include no personal or department-specific reward criteria for the CEO or the Management Team; instead, these criteria are directly linked to company-level targets.
To promote cooperation within the Company’s senior management and align senior managers’ interests with the company’s long-term and short-term goals, the reward criteria for all senior managers are identical.
The company endeavors to ensure that short-term incentive schemes cover a substantial share of the company’s personnel. Unlike the incentive schemes applicable to Company management, the incentive schemes applicable to other personnel may include reward criteria associated with personal, team-specific or department-specific performance. Especially in sales, incentives are based on an individual’s performance in comparison with their personal sales targets.