Expanding in Circular Economy
TOP MANAGEMENT INCENTIVE SCHEMES
FOR EXECUTIVE MEMBERS, AROUND 2/3 OF TOTAL REMUNERATION IS VARIABLE AND PERFORMANCE DRIVEN
SHORT-TERM INCENTIVES
► Bonus opportunity between 0.70x and 1x of annual base salary, depending on the level
Payout linked to yearly performance based on financial, operational and individual measures:
Financial measures: MOL Group level EBITDA and other relevant financial indicators such as efficiency, investment and cost-related indicators to achieve the 2030
strategic targets of MOL Group for Chief Executives' Committee members, on operative and financial measures reflecting annual priorities and the strategic
direction of each business division within the framework of the Group's long-term strategy
▸ Non-financial measures: Safety as a number one Group priority, TRIR, other MOL Group 2030 strategy and people related targets
► In MOL Hungary, managers can enter a voluntary short-term share ownership program instead of the regular performance management system (bonus scheme) to
further strengthen the alignment between the interest of our shareholders
LONG-TERM INCENTIVE
► As of 1 January, 2021 a new, simple long-term incentive program, the Restricted Share Plan was launched replacing the former Absolute share value based and Relative
market index-based plans
► It's a 3-year long plan, payment is in the 4th year, starts each year
► Base entitlement is defined MOL shares in line with management level
▸ The program is performance driven: base entitlement is multiplied by company performance (MOL Clean CCS EBITDA without threshold) and individual performance up
to 150%) of the 1st year of the program
► Dividend equivalent is also incorporated into the final remuneration taking closer the executives to the shareholders interests
► Generally, in MOL Hungary, payout of the incentive is MOL shares in order to further strengthen the alignment between the interest of our shareholders and MOL
management.
REMUNERATION MIX
27%
30%
32%
35%
35%
40%
37%
37%
35%
46% C-CEO
G-CEO
D-CEO
G-CFO
Other
executives
27%
28%
30%
31%
30%
Base Salary
Short Term Incentives
Long Term Incentives
We refer to the members of the Chief Executives' Committee and Management Committee as Executive Members.
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