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Text version of the page
| for CEO Christer Sjostrom. The CEO has the right to severance pay corresponding to 12 months salary in the event of a serious breach of contract from the company resulting in the CEO handing in his notice, or if the company dismisses or removes the CEO from his post for any other reason. Other leading officials are notentitled to severance pay. COMPETITION CLAUSE If the CEO leaves his job, AudioDev has the right to demand the enforcement of a competition clause. The clause prevents the CEO from working directly or indirectly with another company in competition with AudioDev, employing anyone employed at AudioDev, or encouraging anyone employed within the group to leave their position, for a period of 12 months after termination of employment. If the company demands the enforcement of the clause, the CEO will be paid the difference between his current monthly salary and the lower income he earns at his new company. However, the compensation shall not exceed 60 percent of the monthly remuneration being paid at the time of leaving. Such compensation will not be paid for the period during which the CEO receives severance pay as outlined above. TRANSACTIONS WITH CLOSE ASSOCIATES During the first half of 2007, AudioDev conducted its business in premises rented from Citifa Fastighets AB. This company was indirectly owned byjan Barchan, and the rental agreement has been judged by the Board to be entered into according to fair market terms. On July 1, 2007, the ownership of Citifa Fastighets AB transferred to Fastighets AB Briggen, and no further transactions with close associates remain. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BONUS AudioDev's CEO in the USA received a bonus for 2007 relative to the achieved budget. Flexible earnings refers to bonuses for the financial year paid in 2007. FINANCIAL INSTRUMENTS, ETC. In May 2005, CEO Christer Sjostrom acquired 100,000 options from Briban Invest AB entitling the acquisition of a similar amount of series B shares in AudioDev AB. The options have been divided into two items of equal size whereby the first item entitles the purchase of shares at a price of SEK 31 each over the period November 1, 2007 to October 31, 2008. The second post entitles the purchase of shares at a price of SEK 31 each over the period November 1, 2008 to October 31, 2009. Christer Sjostrom has paid a theoretical market value of SEK 341,000 for the above options on the date of transfer. The market value has been calculated by applying the Black & Scholes model. Other ownership of financial instruments is described in Note 22. PENSIONS CEO Christer Sjostrom is entitled to an occupational pension with a premium that is relation to the CEO's salary. Age of retirement for the CEO is 65. Other leading officials will receive pension premiums adjusted to conditions on the market. All pension benefits are subject to a charge and are unassailable; i.e. not conditional on future employment. SEVERANCE PAY A mutual period of six months applies for termination of employment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ABSENCE DUE TO SICKNESS 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total sickness absence Regular working hours Hours of illness Days of illness Percent 2006 Percent Women 18,996 198 31 1.04 1.5 Men_99,891_1,544_206_L55_L2_ Total 118,887 1,742 237 1.47 1.3 Ofwhichlong-termabsence Hoursofillness Hoursofillness Daysofillness Percentof 2006percentof (at least 60 days) Total sickness absence Long-term absence Long-term absence sickness absence sickness absence Total 420 405 53 22.48 0 Total sickness absence per age group Regular working hours Hours of illness Days of illness Percent 2006 Percent 30-49years 99,636 1,596 218 1.60 1.2 Othergroups(<10persons/group] 19,251 146 19 1.49 3.6 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Note 4 Information concerning remuneration to auditors Remuneration has been made to the group company's auditors and auditing company: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| THE GROUP _THE PARENT COMPANY | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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