Variable remuneration
Sensys has three separate agreements for its employees.

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 2010. The variable remuneration is based on performance of integration within the Group,  Net sales and EBITDA, and is subject to an upper limit of SEK 960 thousand.

A provision of SEK 503 thousand (651) has been made for the 2015 financial year.

Variable remuneration for group executives and management
The agreement for the senior executives and management team applies since 2010. 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 2,146 thousand has been paid out during 2015, and a provision of SEK 1,057 thousand (1,330) was made for the 2015 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 SEK 3 million
(ii) An amount corresponding to two months’ pay 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 2015 totalled SEK 1,585 Tkr (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).
For Gatso USA, Australia and Germany no variable remuneration is applicable for 2015.

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% of the net result and the insight of directors at the year end. For Gatso USA, Australia and Germany no variable remuneration is applicable for 2015.
For Gatso Holland a variable remuneration of one extra months salary was applied during 2015.