Remuneration

Remuneration to senior executives

At the AGM May 15, 2020, the following guidelines were resolved;

The CEO and the other senior management members are paid a market based monthly salary, a bonus of up to three monthly salaries and customary benefits. All members of senior management are part of the joint profit-sharing program for all permanent employees as decided by the Board.

The fixed salary is in general reviewed on a yearly basis and shall take into account the individual’s qualitative performance. Remuneration to the CEO and the other members of senior management shall be market based.

Both Paradox and the CEO shall observe a six-month notice period. CEO is entitled to a severance payment amounting to six fixed monthly salaries in case of termination by the company. In relation to the other members of senior management, Paradox will observe the period of notice set out in the Employment Protection Act and the employee must observe the same notice period up to a maximum of 6 months. Other senior management are not entitled to any compensation in connection with their employment being terminated. Other senior management have customary terms of employment.

The Board is entitled to deviate from the above guidelines if the Board determines that, in a certain case, there are special reasons to justify it.

Warrant programs

Warrant Scheme 2020/2023, see agenda item 18 from the AGM 2020.

Warrant Scheme 2019/2022, see agenda item 19 from the AGM 2019.

Warrant Scheme 2018/2021, see agenda item 20 from the AGM 2018.