Remuneration and Incentive Plans

Incentive Plan for managers

Following the expiry of the employee share plan for the previous three-year period 2007-2009, the Ordinary Shareholders’ Meeting of Saras S.p.A. approved on 27th April 2010, a plan to grant ordinary Saras shares to the managers of the company and its Italian subsidiaries, and the related regulation.

The aim and purpose of the Plan, which was devised and proposed by the Remuneration Committee, are to: 

• establish a link between incentives based on financial instruments and other salary components consistent with practices adopted by listed companies in Italy;
• introduce a medium-term incentive scheme capable of creating a strong link between salaries, business results and value creation for shareholders;
• align the conduct of Beneficiaries with the interests of shareholders and stimulate their performance, thereby promoting ongoing improvement in the Company's business results and share performance; 
• create incentives for the Beneficiaries to remain with the Group.

The Plan covers the medium term and relates to the allotment of bonus ordinary shares in the Company, in accordance with terms and conditions that take into account the Saras share performance.

Incentive Plan For Managers (67 Kb PDF)

Stock Plan for employess

Following the expiry of the employee share plan for the previous three-year period 2007-2009, on 27th April 2010, the Ordinary Shareholders’ Meeting of Saras S.p.A. approved a plan to grant ordinary Saras shares to the employees of the company and its Italian subsidiaries, and the related regulation.

The aim and purpose of the Plan, which was devised and proposed by the Remuneration Committee, are to create a means of fostering employee loyalty and commitment, by simultaneously providing an incentive to continue working for the relevant group company and a reward for employees who invest in the Company's shares.

Incentive Plan For Employees (71 Kb PDF)

Last Update: 30/04/2010