(2) Total number of stock acquisition rights
The maximum number of
stock acquisition rights to be allocated is limited to the number (with
the fractional part, if any, dropped) calculated as follows. This number
is given by dividing the value to be given as remuneration or other
compensation as stock options to members of the board by the fair price
of a stock option as calculated by a fair calculation method such as the
Black-Scholes Model based on the closing price of Renesas common on the
previous business day of the Meeting of Member of the Board at which the
stock option allocation was determined (in case there was no closing
price, the reference price of the next business day shall be used).
(3) Amount to be paid for stock acquisition rights
The amount paid
for each individual stock option shall be an amount determined at the
Meeting of the Board of Directors based on a fair price for the stock
option as calculated by a fair calculation method such as the
Black-Scholes Model when the stock options are allocated.
(4) The amount to be invested when exercising each stock acquisition
right
The amount to be invested when exercising each stock
acquisition right shall be given by multiplying a monetary value of 1
JPY per each individual stock that can be granted by exercising the
corresponding stock option by the number of assigned stocks.
(5) Exercise period for stock acquisition rights
The exercise
period shall be determined by the Meeting of Board of Directors within
the range of ten years from the following day after the stock options
are allocated (hereinafter “allocation date”).
(6) Transfer restrictions of stock acquisition rights
Regarding the
acquisition of stock acquisition rights due to transfer, approval is
required as a resolution of the Meeting of Board of Directors.
(7) Conditions relating to exercise of stock acquisition rights
In
principle, a person granted an allocation of stock options may execute
those options starting on the day one year after the share allocation
date. However, when such a person lose his position both as Member of
the Board and as Senior Vice President due to, for example, expiration
of the term of office, the said person may execute the said stock
options starting on the day following said loss of position. Other
conditions on execution of stock options shall be decided by the Meeting
of Board of Directors.
(8) Other items for exercise of stock acquisition rights
The
details of other items for exercise of stock acquisition rights, etc.
shall be determined by the Meeting of Board of Directors that resolves
the subscription requirements of the allocation of stock acquisition
rights.
(Reference)
Renesas expects following the conclusion of the General
Shareholders’ Meeting, to grant stock options with the same conditions
as the above-mentioned stock options, to Renesas senior vice presidents
(excluding senior vice presidents with joint appointment as members of
the board), Renesas employees, and members of the board (excluding
outside directors), senior vice presidents, and employees of Renesas
consolidated subsidiary companies.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160511005511/en/
Contact:
Renesas Electronics Corporation
Media Contacts
Kyoko
Okamoto, +81 3-6773-3001
Email Contact
Investor
Contacts
Makie Uehara, +81 3-6773-3002
Email Contact
