The company’s directors are not entitled to any benefits when they resign as directors.[\/vc_column_text][\/vc_column_inner][vc_column_inner column_padding=”padding-3-percent” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”top-bottom” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default” phone_text_alignment=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_backdrop_filter=”none” column_shadow=”none” column_border_radius=”none” column_link_target=”_self” overflow=”visible” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” animation_type=”default” enable_animation=”true” animation=”fade-in-from-bottom” animation_easing=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” delay=”100″][split_line_heading animation_type=”line-reveal-by-space” font_style=”h5″ text_color=”#513620″ line_reveal_by_space_text_effect=”none” content_alignment=”default” mobile_content_alignment=”inherit” link_target=”_self” text_content=”Compensation for the Chief Executive Officer and Other Senior Executives” text_direction=”default”][\/split_line_heading][vc_column_text css=”” text_direction=”default”]The company strives to offer total compensation that is competitive with the market and that thereby attracts and retains qualified employees. Compensation shall be based on the employee\u2019s position, areas of responsibility, and performance. Total compensation for senior executives shall consist of a fixed salary, variable cash compensation, and a pension.
\nThe fixed salary forms the basis for total compensation. The fixed salary shall be based on the Group Executive\u2019s competence, responsibilities, and performance and shall be competitive in relation to prevailing market standards. The CEO receives a fixed monthly salary of SEK 225,000.[\/vc_column_text][vc_column_text]The Group applies a notice period of no more than twelve months. In the event of voluntary resignation, a six-month notice period generally applies. If Cheffelo terminates an employee\u2019s employment, severance pay of up to nine months\u2019 salary may be paid. In addition to the aforementioned variable compensation, share-based incentive programs may be implemented from time to time, subject to approval by the Annual General Meeting; see Incentive Programs.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"
[vc_row type=”full_width_background” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” bg_color=”#f5f3e1″ scene_position=”center” top_padding=”5%” bottom_padding=”2%” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overflow=”visible” overlay_strength=”1″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=”” gradient_type=”default”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_direction_desktop=”default” column_element_spacing=”default” desktop_text_alignment=”default” tablet_text_alignment=”default”…<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-1309","page","type-page","status-publish"],"yoast_head":"\n