Personnel Fund

Neste’s Personnel Fund was established in spring 2005 and covers the group’s personnel in Finland. Those participating in the Group’s share-based incentive program cannot be members of the Fund during the program’s earning periods. The Board of Directors determines the criteria used for the profit-sharing earnings paid into the Fund annually. The earnings paid in 2013 were tied to the Company’s comparable operating profit in 2012.
 
Personnel employed under both permanent and fixed-term employment contracts are members of the Personnel Fund. Membership begins after an uninterrupted period of six months of employment and ends once a member has received his or her share of the Fund in full.
 
The profit-sharing earnings paid into the Fund are distributed equally between members. Each employee’s share is divided into a tied amount and an amount available for withdrawal. The amount available for withdrawal will be determined annually and paid to members who wish to exercise their withdrawal rights. Members can choose whether they want to receive the amount available for withdrawal in cash or in Neste Oil shares acquired through the Personnel Fund.

Payments in 2015

Neste will pay a total of EUR 2,4 million in profit-sharing earnings for 2014 into Neste Oil’s Personnel Fund for in spring 2015.

Payments in 2014

Neste paid a total of EUR 4,5 million in profit-sharing earnings for 2013 into Neste Oil’s Personnel Fund for in 2014.

Payments in 2013

Neste paid a total of EUR 2,86 million in profit-sharing earnings for 2012 into Neste Oil’s Personnel Fund for in 2013.

Payments in 2012

Neste paid a total of EUR 0,845 million in profit-sharing earnings for 2011 into Neste Oil’s Personnel Fund for in 2012.

Payments in 2011

Neste paid a total of EUR 0.675 million in profit-sharing earnings for 2010 into the Personnel Fund in 2011.

Payments in 2010

Neste did not pay any profit-sharing earnings into the Fund for 2009, as the criteria for payment of these bonuses were not met.

Payments in 2009

Neste paid a total of EUR 1.8 million in profit-sharing earnings for 2008 into the Personnel Fund in 2009.