The Board of Directors of Amer Sports Corporation resolved on share-based incentive plans for key pe
(Thomson Reuters ONE) - Amer Sports CorporationSTOCK EXCHANGE RELEASEFebruary 4, 2010 at 4:45 pmThe Board of Directors of Amer Sports Corporation has approved two newshare-based incentive plans for the Group key personnel. The aim of the newplans is to combine the objectives of the shareholders and the key personnel inorder to increase the value of the Company, to commit the key personnel to theCompany, and to offer them competitive reward plans based on holding the Companyshares.Performance Share PlanThe new Performance Share Plan includes six earning periods, calendar years2010, 2011 and 2012 and calendar years 2010-2012, 2011-2013 and 2012-2014. TheBoard of Directors of the Company will decide on the earnings criteria and ontargets to be established for them for each earning period at the beginning ofeach earning period. The potential reward from the Plan for the earning period2010 will be based on the Group's Earnings before Interest and Taxes (EBIT) andthe potential reward for the earning period 2010-2012 will be based on theGroup's Total Shareholder Return (TSR).Key Personnel must acquire the Company shares as a prerequisite forparticipation in the plan and for receipt of the reward on the basis of theplan. Key personnel will be entitled to receive shares as reward for fulfillingsuch prerequisite.The potential rewards from the earning periods will be paid partly as theCompany's shares and partly in cash. The cash payment equals to taxes andtax-related costs arising from the reward to the key person. The shares paidfrom the earning periods 2010, 2011 and 2012 may not be transferred during therestriction periods, which will end on 31 December 2012, on 31 December 2013 andon 31 December 2014.The Performance Share Plan is directed to approximately 60 people, including themembers of the Group Executive Board. The amount of net rewards to be paid onthe basis of the Performance Share Plan will be a maximum total of 1.000.000Amer Sports Corporation shares.Restricted Stock PlanThe new Restricted Stock Plan includes three earning periods, calendar years2010, 2011 and 2012. The potential reward will be based on continuation ofemployment. The potential reward from the earning periods will be paid partly asthe Company's shares and partly in cash. The cash payment equals to taxes andtax-related costs arising from the reward to the key person. The shares may notbe transferred during the restriction periods, which will end on 31 December2012, 31 December 2013 and on 31 December 2014.The Restricted Stock Plan is directed to approximately 30 people, including themembers of the Group Executive Board. The amount of net rewards to be paid onthe basis of the Restricted Stock Plan will be a maximum total of 270,000 AmerSports Corporation shares.AMER SPORTS CORPORATIONCommunicationsMs Maarit MikkonenCommunications ManagerTel. +358 9 7257 8306, e-mail: maarit.mikkonen(at)amersports.comwww.amersports.comDISTRIBUTION:NASDAQ OMX HelsinkiMajor mediawww.amersports.comAMER SPORTS CORPORATIONAmer Sports (www.amersports.com
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Datum: 04.02.2010 - 09:46 Uhr
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