Abolition of the Directors' Retirement Benefit Plan and Lump-Sum Payment
First written in FY2018-Q1. 3 of 4 entries say "Restated". Latest entry: FY2019.
27 other companies' latest entry also says "Restated".
- FY2019RestatedAnnual report
「As part of a review of the executive compensation structure, the Company abolished its directors' retirement benefit plan upon the conclusion of the 57th Annual General Meeting of Shareholders held on 16 March 2018.」
The Company continued its policy of abolishing the directors' retirement benefit plan and making lump-sum payments at retirement for service during the period in office up to the abolition. - FY2018-Q3RestatedAnnual report
「The Company had recorded a provision for directors' retirement benefits based on the amount payable at the fiscal year-end under its internal rules, in preparation for payments of directors' retirement benefits. However, as part of a review of its executive compensation structure, the Company abolished its directors' retirement benefit plan upon the conclusion of the 57th Annual General Meeting of Shareholders held on 16 March 2018.」
As part of a review of the executive compensation structure, the Company abolished its directors' retirement benefit plan and continued to disclose its policy of making lump-sum payments at retirement for service during the period in office. - FY2018-Q2RestatedAnnual report
「The Company had recorded a provision for directors' retirement benefits based on the amount payable at the fiscal year-end under its internal rules, in preparation for payments of directors' retirement benefits. However, as part of a review of its executive compensation structure, the Company abolished its directors' retirement benefit plan upon the conclusion of the 57th Annual General Meeting of Shareholders held on 16 March 2018.」
As part of a review of the executive compensation structure, the Company abolished its directors' retirement benefit plan and continued to disclose its policy of making lump-sum payments at retirement for service during the period in office. - FY2018-Q1First statedAnnual report
「The Company had recorded a provision for directors' retirement benefits based on the amount payable at the fiscal year-end under its internal rules, in preparation for payments of directors' retirement benefits. However, as part of a review of its executive compensation structure, the Company abolished its directors' retirement benefit plan upon the conclusion of the 57th Annual General Meeting of Shareholders held on 16 March 2018. In connection with this, the Company resolved to make lump-sum payments of directors' retirement benefits to its directors and Audit & Supervisory Board members, respectively, within a reasonable amount in accordance with the Company's prescribed criteria, to compensate them for their service during their respective periods in office up to the conclusion of that Annual General Meeting of Shareholders. The payments will be made when each director or Audit & Supervisory Board member retires, and the Board of Directors will be entrusted with determining the specific amounts, payment method and other details for directors, while the Audit & Supervisory Board members will determine these matters through consultation among themselves.」
As part of a review of the executive compensation structure, the directors' retirement benefit plan was abolished upon the conclusion of the Annual General Meeting of Shareholders on 16 March 2018, and a policy was introduced to make lump-sum payments at retirement for service during the period in office.