Incentive Schemes
At the Annual General Meeting on 4 April 2008, general guidelines relating to the incentive pay for the Board of Directors and Management were adopted.
The Board of Directors may grant an individually variable number of share options to members of Management and any other managerial staff. Should the Board of Directors choose in any one financial year to grant share options, the calculated theoretical market value of the share options granted at the time of grant cannot exceed 100% of the annual fixed pay. The value is calculated using the Black & Scholes model.
Søndagsavisen did not grant any share options in 2009.
The option programme is further described in Notes 8 and 23 to the Annual Report.