Remuneration of CEO
The remuneration to the CEO and management consist of a basic salary and variable incentives, i.e. performance-based remuneration. Variable incentives include short- and long-term goals as well as an annual incentive scheme. The Board of Directors confirm the CEO salary and other benefits. The company's Board of Directors decide on the incentive bonuses of the CEO. In 2021, CEO has a target bonus agreement in Reka Industrial, of which 40% will be paid in shares.

The CEO also serves as Reka Cables CEO and has bonus target agreement in Reka Cables.

Annual salary
CEO's total annual salary in 2021 was EUR 268 thousand including fringe benefits.

Short- and long-term incentive
The CEO's total remuneration consists of a fixed base salary with fringe benefits and variable incentives, ie performance-based remuneration. The CEO's variable incentives include an incentive scheme based on the company's long-term goals and an annual incentive scheme. Other staff may have an annual incentive plan.

In long-term incentive plans, the vesting periods are at least three years. Each earning period may have one or more earning criteria. The Board of Directors clearly determines how each earning criterion is measured and the maximum reward at the same time as the target setting. No remuneration will be paid unless the minimum target set by the Board for the earnings criterion is reached

Pension
The pension of the Managing Director is according to the Finnish retirement legislation (TyEL)

Termination of assignment 
In the current CEO's agreement, the notice period is 3 months and severance pay is the full salary of 9 months.

Other members of the executive management notice period is 3 months and severance pay is the full salary of 6 months.

Management remuneration
Management members have bonus target agreement in Reka Industrial Plc. The management has the right to bonus according to the company's management remuneration system.

Reka Industrial's other members of the Management was paid in total EUR 228 thousand during 2021.