Remuneration to senior executives
The CEO and the other members of senior management are paid a market based monthly salary, a bonus of up to three monthly salaries and customary benefits. All members of senior management is part of the joint profit sharing program for all permanent employees as decided by the Board.
The establishment of a warrant program starting 2018 is also in place, see agenda item 20 from the AGM 2018.
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, but in no case less than 3 months. Other senior management is 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.
Remuneration to board members
Remuneration to the members of the Board and senior executives, and other remuneration to elected members, including the Chairman, is resolved by the AGM. At the Annual General Meeting on May 18, 2018 it was resolved that the remuneration to each of the elected Board members shall amount to SEK 250,000. The Chairman is paid SEK 500,000. To Håkan Sjunnesson, who is elected chairman part of the year and deputy chairman part of the year a total remuneration of SEK 500,000 is paid. To Fredrik Wester, in accordance with his wishes, a total remuneration of net SEK 1 is paid for each fiscal year.