Asia
Exedy to Launch New Performance-Linked Restricted Stock Remuneration Plan
Exedy (TYO:7278) said it will launch a new performance-linked restricted stock remuneration plan for executive officers, according to a Friday filing on the Tokyo Stock Exchange.The Japan-based company said the new plan will replace its existing restricted stock compensation plan to better link its executive compensation to the company's performance and the value of its shares.Under the new plan, performance targets will be specified in advance, and eligible executives will receive company shares after the performance evaluation period according to the degree of achievement.
TYO:7278
