Long-Term Incentive Programme (LTIP) for the Management Board
Salaries of the Management Board include fixed and variable salary components. In December 2009, the Supervisory Board approved a Long-Term Incentive Programme (LTIP) for the Management Board applying to the 2010–2012 financial years, which takes account of the EU recommendation on remuneration policies dated April 30, 2009. The aim is to align the interests of company management with those of Austrian Post shareholders to achieve a medium-term to long-term increase in shareholder value. LTIP links pre-defined, measurable, long-term and sustainable criteria (total shareholder return, free cash flow and earnings per share) and is contingent upon participants making own investments.