SHMD Approves Share Incentive Plan for Employees, Officers

Key Highlights

• SCHMID Group N.V. established a Share Incentive Plan to attract, retain, and motivate eligible participants.
• The plan aims to incentivize participants to perform at the highest level and further the company's best interests.
• Awards can be granted to Executive Officers, Board members, and Employees.
• The plan will be administered by the Compensation Committee of the Board of Directors.
• Awards can be in the form of Unrestricted Shares, subject to performance criteria and other conditions.
• The maximum number of Plan Shares underlying non-Replacement Awards shall not exceed 2,500,000 Shares at any time.
• The plan includes provisions for 'Good Leavers' and 'Bad Leavers', affecting vested and unvested awards.
• The Board may apply malus and/or clawback provisions for variable remuneration awarded under the plan.