VARIABLE REMUNERATION FOR GROUP EXECUTIVES
The agreement for the senior executives applies since 2015. The variable remuneration is based on the net sales, EBITDA, and integrational efforts and is subject to an upper limit of 1 - 6 months salaries. Remuneration of TSEK 2.494 (3.203) has been paid out during 2016. 

VARIABLE REMUNERATION PARENT COMPANY

Sensys Gatso Group has three separate agreements for its employees.

Variable remuneration for the CEO
The agreement for the CEO applies since 2015. The variable remuneration is based on net sales and EBITDA, and is subject to an upper limit of TSEK 960. A provision of TSEK 480 (503) has been made for the 2016 financial year.

Variable remuneration for management
The agreement for the management team applies since 2015. The variable remuneration is based on the net sales, EBITDA, and integrational efforts and is subject to an upper limit of 1 - 6 months salaries. Remuneration of TSEK 473 (1.057) was made for the 2016 financial year.

Variable remuneration for employees
The current agreement for employees (excluding the CEO, group executives and management team) has been in force since 2009, and entitles employees to a bonus defined as the lower of:
(i) 5 percent of net earnings for the current year, subject to a limit of MSEK 3.
(ii) An amount corresponding to two months’ salaries for bonus-entitled staff at the end of the bonus year.
Variable remuneration is paid in the year after the financial year. Variable remuneration in 2016 totalled TSEK 0 (1,356). 


VARIABLE REMUNERATION IN SUBSIDIARIES

There are separate agreements for variable remuneration in the different subsidiaries.

Variable remuneration for management teams
The agreement for management is based on each entities performance of the year, and is subject to an upper limit of 1% of the net result (after taxasion). 

Variable remuneration for employees
The agreement for employees is based on each entities performance of the year, and is subject to an upper limit of 1 and 3 months salary. For Gatso USA, Australia and Germany no variable remuneration is applicable for 2016. 
For Gatso Holland a variable remuneration between 0 and 3 months salary was applicable during 2016 depending on performance on individual basis.