6. Long-Term Incentive Plan
The Supervisory Board, within the framework approved by the Company’s General Meeting of
Shareholders and on the advice of the Remuneration Committee, can decide by discretion to
grant Royal Philips Electronics restricted share rights, stock options and/or other equity related
incentives to members of the Board of Management on a year-to-year basis. The conditions of
such incentives, if any, are also approved by the General Meeting of Shareholders and may be
changed on a yearly basis.
As a member of the Board of Management you are in principle eligible to participate in such
plan. In April 2007 you will be eligible for a grant of restricted share rights and stock options
according to the level applicable to members of the Board of Management.
For the period you will be a member of the Board of Management you will not be eligible to
participate in any other Philips share purchase or equity related scheme than approved by the
Supervisory Board for members of the Board of Management.
The Long-Term Incentive Plan is designed to stimulate long-term investment in Philips shares.
To further align the interests of members of the Board of Management and shareholders, all
restricted shares shall be retained for a period of at least five years or until at least the end of
employment, if this period is shorter. The same applies for restricted shares granted before the
starting date of this Contract.
7.
6th. long-term incentive plan
the supervisory board, within the framework approved by the company's general meeting of
shareholders and on the advice of the remuneration committee, can decide by discretion to
grant royal philips electronics restricted share rights, stock options and / or. other equity related
incentives to members of the board of management on a year-to-year basis. the conditions of
.such incentives, if any, are also approved by the general meeting of shareholders and may be
changed on a yearly basis.
as a member of the board of management you are in principle eligible to participate in such
plan. in april 2007 you will be eligible for a grant of restricted share rights and stock options
according to the level applicable to members of the board of management.
.for the period you will be a member of the board of management you will not be eligible to
participate in any other philips share purchase or equity related scheme than approved by the
supervisory board for members of the board of management.
the long-. term incentive plan is designed to stimulate long-term investment in philips shares.
.to further align the interests of members of the board of management and shareholders, all
restricted shares shall be retained for a period of at least five years or until at least the end of
employment, if this period is shorter. the same applies for restricted shares granted before the
starting date of this contract.
7.
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6. Long-Term Incentive Plan
The Supervisory Board, within the framework approved by the Company's General Meeting of
Shareholders and on the advice of the Remuneration Committee, can decide by discretion to
grant Royal Philips Electronics restricted share rights, stock options and/or other equity related
incentives to members of the Board of Management on a year-to-year basis. The conditions of
such incentives, if any, are also approved by the General Meeting of Shareholders and may be
changed on a yearly basis.
As a member of the Board of Management you are in principle eligible to participate in such
plan. In April 2007 you will be eligible for a grant of restricted share rights and stock options
according to the level applicable to members of the Board of Management.
For the period you will be a member of the Board of Management you will not be eligible to
participate in any other Philips share purchase or equity related scheme than approved by the
Supervisory Board for members of the Board of Management.
The Long-Term Incentive Plan is designed to stimulate long-term investment in Philips shares.
To further align the interests of members of the Board of Management and shareholders, all
restricted shares shall be retained for a period of at least five years or until at least the end of
employment, if this period is shorter. The same applies for restricted shares granted before the
starting date of this Contract.
7.
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6.Long - Term Incentive Plan
The Supervisory Board, within the framework approved by the Company' s General Meeting Shareholders of
and on the advice of the Remuneration Committee, can decide by discretion to grant
Royal Philips Electronics restricted share rights, stock options and/or other equity incentives related to members of the Board
of Management on a year-to-year basis. The conditions of
such incentives, if any, are also approved by the General Meeting Shareholders of
and may be changed on a yearly basis.
As Board of a member of the Management you are in principle eligible to participate in such plan
. In April 2007 you will be eligible for a grant of stock options and restricted share rights
according to the level of applicable to members of the Board Management.
The For period you will be a member of the Board of Management
you will not be eligible to participate in any other share purchase or equity related Philips scheme approved by the
Supervisory Board than for members of the Board of Management.
The Long - Term Incentive Plan is designed to stimulate long-term investment in shares Philips.
To further align the interests of the members of Board Management and of shareholders, all
restricted shares shall be retained for a period of at least five years or until at least the end of
employment, if this period is shorter. The same applies for restricted shares granted before the starting date of this Contract
.
7.
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