Other senior officers
The term other senior officers refers to the five other persons in addition to the CEO that make up Peab’s executive management.
Salary and other remuneration including benefits for other senior officers amounted to SEK 14,088 thousand (13,574). Variable remuneration for 2015 amounted to SEK 5,920 thousand (2,960). Pension premiums paid out for other senior officers amounted to SEK 6,768 thousand (6,099) during the year. A provision of SEK 1,861 thousand has been made for the year for the current LTI program. This will be placed as saved pension in a financial instrument connected to the Peab share. Receiving the outcome requires unbroken employment up until 2017-12-31.
Pension commitments for the other senior officers give them the right to pension from the age of 65. There is a supplementary commitment whereby the company or the other senior officers can trigger early retirement from the age of 62. Annual pension premiums of 47 percent of basic salary are paid for these commitments. These pensions are part of defined contribution plans.
Notice on the part of Peab is a maximum of 24 months and senior officers are required to give a maximum of six months notice. If a severance pay is paid the total remuneration for salary during the period of notice and severance pay may not exceed 24 monthly wages.