Long Term Incentive Programs
BillerudKorsnäs has implemented long term incentive programs for the Senior Management and other key employees within the group. The main objective of the programs is to strengthen BillerudKorsnäs’ capability to retain the best talent for key leadership positions.
The aim is further that managers and key employees whose efforts have direct impact on BillerudKorsnäs' result, profitability and value growth, shall be stimulated to increased efforts by aligning their interests and perspectives with those of the shareholders. There are currently three programs in force, LTIP 2020, LTIP 2019 and LTIP 2018.
To participate in the LTIPs, the employees have purchased shares in the company which have been allocated to the programs. For each share the employee has allocated to the programs, the employee has, free of charge, been allotted so called “Share Rights”. Each share right gives the participants the right to, after a three-year vesting period, be awarded shares in the company free of charge. The right to be awarded shares is conditional upon fulfillment of certain targets (financial targets and in LTIP 2020 also sustainability performance) and that the participant, at the end of the vesting period, remains employed within the group and that the private investment of shares allocated to the programs have been retained.
For further information about the programs, such as terms, participation, number of shares for the programs etc., refer to the full proposals for each program that can be found under General Meetings, or refer to the Annual Reports of BillerudKorsnäs.