Spinnova’s Board Announces Performance-Based Share Bonus System for Key Personnel
Spinnova, a fiber company, has recently announced the establishment of a new performance-based share bonus system for key personnel in the group. The target group consists of approximately 22 individuals who will be eligible to receive bonuses during the 2024-2028 period. The fees paid out from the first earning period will equate to a maximum value of around 992,000 Spinnova shares, which includes a portion paid in cash.
According to a press release from Spinnova, any fees paid from the system will be distributed partly in shares and partly in cash, with the cash component intended to cover taxes and statutory social insurance contributions incurred by participants. Bonuses will be paid within five months of the end of the earning period, and generally, no bonus will be paid if the participant’s employment or business relationship ends before the bonus is distributed.
In addition to this announcement, Spinnova has also linked various articles, profiles, and blog posts covering topics such as astronomy, alumni networks, online gambling, social bookmarking sites, and more. Additionally, there are mentions of job postings on community forums and personal profiles related to photography, development, and health and wellness. Each link leads to a different web page or platform where content can be further explored.
Overall, this new performance-based share bonus system is an exciting development for Spinnova’s key personnel as it rewards hard work and success while also providing financial incentives that can help participants achieve their goals both personally and professionally.