Basf stock option program
Stock price-based compensation program. In 2007, BASF continued the BASF option program (BOP) for senior executives of the BASF Group. This program has existed since 1999. Approximately 1,000 senior executives, including the Board of Executive Directors, are currently entitled to participate in this program. The “plus” incentive share program was introduced in 1999 and is currently available to employees in Germany, other European countries and Mexico. Employees who participate in the BASF incentive share program “plus” acquire shares in BASF from their variable compensation. The Board of Executive Directors is authorized to use shares acquired on the basis of this authorization to service option rights arising from stock options that have been, or may in the future be, issued in connection with the BASF Stock Option Program (BOP 1999/2000) presented at the Annual Meeting of April 29, 1999 or on the basis of the