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Short-Term Incentives

Short-term incentive programs are based on each participant’s contribution to the company’s profitability. Most of the Sampo Group’s employees participate in an annual short-term incentive program. The short-term incentive is generally determined on the basis of the performance of the individual, the business area/business unit and the company as well as the overall result of the division or Sampo Group.

In the If Division, the majority of the employees participate in an annual profit sharing program with a fixed maximum payout. Managers and key specialists participate in an annual short-term incentive program where the maximum payout is 10-100 per cent of the annual fixed salary. Both programs are triggered by the net profit. Sales personnel may participate in annual sales incentive programs, which are capped at a maximum fixed amount.

In the Mandatum Life Division, the majority of the employees participate in an annual short-term incentive program where the maximum payout corresponds to 1-12 months' fixed salary. The program is triggered by the net profit and comprises a group pension plan as well as a personnel fund element. Employees in Wealth Management have a sales provision system similar to a collectively agreed sales commission system.

In Sampo plc, all employees take part in an annual short-term incentive program where the maximum payout corresponds to 1-12 months' fixed salary. The program is triggered by the net profit and includes a personnel fund element.

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Updated 03/21/2017