Remuneration

The table below presents an overview of the base salary for the CEO and other members of executive management for the 2015/16 financial year.

Name

Basic salary, board fees (MSEK)

Pension expense (MSEK)

Other remuneration (MSEK)

Total (MSEK)

Ralph Riber, CEO

1.7

0.5

0.0

2.2

Other members of executive management

7.2

1.6

0.1

9.0

Total

9.9

2.1

0.1

11.2

The managing director is, in accordance with his employment agreement, entitled to pension contributions of 30 percent of his base salary. Pension premiums are paid to the other senior executives in accordance with the applicable collective bargaining agreement and, to a certain extent, in accordance with private pension plans.

A mutual notice period of six months applies to the managing director. For some senior executives, the notice period is six months when the employment is terminated by the employer and three or six months when the employment is terminated by the employee. In other cases, the notice period is according to the applicable collective bargaining agreement.

Senior executives are generally not entitled to any severance pay. However, the managing director and one other senior executive is entitled to severance pay of six month's salary in addition to the salary during the notice period, if the employment is terminated by the employer for other reasons than that the employee has grossly neglected his/her obligations in relation to the employer.