Niterra Announces Additional Share Grants for Directors Under Revised Performance-Linked Compensation Plan

Reuters
Oct 31
Niterra Announces Additional Share Grants for Directors Under Revised Performance-Linked Compensation Plan

Niterra Co., Ltd. has announced an additional contribution of funds and acquisition of more company shares for its performance-linked stock remuneration system. This system grants shares and cash payments based on the achievement of performance targets to Directors (excluding Audit and Supervisory Committee Members and Outside Directors) and certain Corporate Officers. The plan uses a Board Incentive Plan Trust (BIP Trust) and an Employee Stock Ownership Plan Trust (ESOP Trust) to distribute these rewards according to position and performance as set in the medium-term management plan.

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