Martela Oyj - Company Announcement

THE BOARD OF DIRECTORS OF MARTELA CORPORATION RESOLVED ON KEY EMPLOYEE INCENTIVE PLAN

MARTELA CORPORATION          RELEASE         15.12.2016 at 11:00 a.m.

THE BOARD OF DIRECTORS OF MARTELA CORPORATION RESOLVED ON KEY EMPLOYEE
INCENTIVE PLAN 

The Board of Directors of Martela Corporation has resolved to establish a new
share-based incentive plan directed to the Group key employees. The aim of the
plan is to combine the objectives of the shareholders and the key employees in
order to increase the value of the Company in the long-term, to commit the key
employees to implement the Company’s strategy, and to offer them a competitive
reward plan based on earning and accumulating the Company’s shares. 

The performance share plan includes two two-year performance periods, calendar
years 2017—2018 and 2019—2020. The Board of Directors of the Company will
resolve on the plan’s performance criteria and on the required performance
levels for each criterion at the beginning of a performance period. 

During the performance period 2017—2018, the target group of the Plan includes
the members of the Group’s Management Team. The potential reward of the plan
from the performance period 2017—2018 will be based on the Group´s Earnings
before Interest and Taxes (EBIT). The rewards to be paid on the basis of the
performance period 2017—2018 correspond to an approximate maximum total of
100,000 Martela Corporation A shares including also the proportion to be paid
in cash. 

The potential reward from the performance period 2017—2018 will be paid partly
in Martela shares and partly in cash in 2019. The cash proportion is intended
to cover taxes and tax-related costs arising from the reward to a key employee.
As a rule, no reward will be paid, if a key employee´s employment or service
ends before the reward payment. The shares paid as reward may not be
transferred during an approximate one-year restriction period established for
the shares. For shares earned from the performance period 2017—2018, the
restriction period will end on 30 April 2020. 

A member of the Group’s Management Team must hold fifty (50) per cent of the
net shares paid on the basis of the entire plan, until his or her shareholding
in the Company in total equals the value of his or her gross annual salary.
Such number of shares must be held as long as his or her employment or service
in a company belonging to the Group continues. 



Martela Corporation

The Board of Directors



Further Information: Heikki Martela, Chairman of the Board, Tel. +358 10 345 50



Distribution:
Nasdaq Helsinki Ltd
Main news media
www.martela.com



Our strategic direction is defined by our mission “Better working” and our
vision “People-centric workplaces”. Martela provides people centric workplaces
where the users and their wellbeing are in the core. We will focus on the
Nordic countries, as the Nordic countries are forerunner in hybrid working
environments with common open work culture background and needs.

Priedai:

2016_1512 Release.pdf