*** ****, ******** ** *****, **** Axis ********** ** ** ***% ** their ****** ****** *** ********* *********** over * *-**** ****** **** **** to **** ****** ** ******* *** profit ******,** **************:
*** *** ******* ** *********** ** the ******* ***, ******** **** (*) certain *********** ******** ***** *** ****** the ****** * ******* **** – 31 ******** **** (*** “****-**** ******”), (ii) **/*** ** ******** ** * group ******* ********** (**, ***** ******* circumstances, ****** *** ******** **) *** four-year ****** *** (***) **/*** ** still ******** ** **** *******, *** has *** ******** *** ***** ****** of ***********, ** ***date ** ******* ** ***** ****, receive a long-term remuneration (bonus) ********* ** * ******* *** ******* ** *** ****** ******. The performance criteria are based on revenue growth in local currencies and earnings before interests and taxes (“EBIT”) at group level – revenue growth 12-18 percent and EBIT 6-12 percent. Maximum bonus is paid where revenue growth is equal to or exceeds 18 percent at the same time as EBIT is equal to or exceeds 12 percent all four years [emphasis added]
**** ******** *** ********* ********* ** IPVM ***** *** **** *** *** likelihood **** ****** ***** ***** ***** not ** **** ******:
*********** *** (****-**** *********) ******* **** 2021/2022. *** ******* ** ***** **** a *********** ** ******* ****** *** profitability ** ********* ** *** **** annual ******. *********, ** *** *** program ** *******. ** *********** **** competitiveness *** * ********** ******* ***********, the ****-**** *********** ******** ***** **** ****-**** ****** *** profitability. ** ** ******* **** *** remuneration ******** *** ****-**** *********** *********. Please **** **** ***** ** *** no ****** * ******** ****** *******, official *********** ***** ************ ** *** more ******* **** ******.
Axis ************
***** ***** *** ************** ***** ****,**** ***** ****, *********** ***** ****, ** ** **** ******* *** long *** **** ************ ****** *** each *******, ********* ** ******** ** the *********** "********* ***********" ******* ****, ********, and ***************.
*******, **** ********* ***** **** ** a ***** *** ******** ********* ** how **** ** *** ************* ** its ***** ************ ********.
Axis / ********* ***** ********
** **********, **** ***** ******* *** ongoing ***** ******** ******* **** *** Milestone, ** **** ********* ** ****** its *** *********, **** ************'* *** ******* *** / ***.
**** **** ** *********** ** *** is, ***** **** ****, ******* ***** changes *** ********** *** **** *** other ********** **********.
Hit ******* *****
** ******* *** **** ***% *****, Axis *****:
******* ****** ** ***** ** ** exceeds ** ******* ** *** **** time ** **** ** ***** ** or ******* ** ******* *** **** years
***** **** ** ****** ****** ****** financials, ** ******** **** **** ****** was **** **** *** ****, ****** by *** ********.
**** *** ******* **** ******* ***** 2018, ** **** **** **** ** least **** ** *** *****.
Incentive ******* ***** ** ******** ******
******* *** ****** ********** *** ****** choices *** ***** ******* ********* ********** but *** **** ** **** *** market ** ********.
** ****/****, **** **** **** *** formulated, *** ***** ************ ****** *** dealing **** * **** ** *** bottom, ***** *** ********** ********** *** not ******** *** ***** *** ********, led ** *********.
***, ** ****, *** **** ** the ****** ** ****, *** ********* has *** *** **********, *** *** video ************ ****** *** ******* ** increasingly ******* ** ***** ********* *** cloud, * ***** ***** **** ********** ** ****** ******.
*** **** *** **** ** **** it *** **** ***** ** ******** short-term ***********, *** *** ******* ** Canon's *****-**** ******* *** *** *** executive's ***** ****, *** ***** **** worse *** ** *** **** **** to *******.
*******
**** *** ******** ** ******* **** Milestone *** ******* *** **** * strong ***** ******** *** **** ********* will ***** ******** ******* *** ***** to ****, ****** ** ***** ****** position ***** **** * *******. *** risk, ******, ** **** **** **** allow ***** ******** ** ***** ** stronger, ************-***** **********, **** ********** ******* the ***** ***** ************ ********* ***** in *** *****.
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