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Long-term incentive plan

 
 
 

Basilea’s Board of Directors has implemented a long-term incentive plan in the form of stock options, which vest after 3 and 4 years. The purpose of the Basilea stock option program is to provide Management Committee members and certain key employees with an opportunity to obtain stock options (or alternatively, stock appreciation rights), thus providing an incentive for participants to contribute to the mid and long-term success of the Company. The program is therefore aligned with shareholders’ interest to enhance shareholder value and also increases the ability of the Company to attract and retain individuals with exceptional skills. The plan has been amended to allow for gross and/or net settlement of stock options, which will be applied by the Board of Directors to ensure that the maximum potential dilution related to all granted options will stay below 10% of the share capital on a fully diluted basis.

 
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