Short-term incentives

The Company may pay annual short-term incentives (STI) to senior managers and other personnel in addition to their salary and fringe benefits. The criteria for any short-term incentives are based on individuals’ success in reaching their personal targets and on the Company’s financial performance and success in reaching its goals. The short-term incentive paid to senior managers may not exceed 40% of their annual salary.

Read more about the short-term incentives paid in 2014 in the Annual Report.