2007
May 8, 2007
Minebea Co., Ltd.
Notice Regarding the Abolition of the Executive Retirement Benefits System
The following is to inform you of the decision reached by our board of directors conducted on the 8th of May, 2007, regarding the abolition of the retirement benefits system for directors and corporate auditors.
1. Reason for System Abolition
We have decided to abolish the existing system that has strong elements of a seniority system and elements relating to the deferred payment of compensation.
2. Date for System Abolition
We will abolish the system at the time of the 61st annual shareholder general meeting, scheduled to be held on the 28th of June, 2007.
3. Cut-off Payments Associated with System Abolition
For the directors and corporate auditors continuing to hold office after the 61st annual shareholder general meeting, the issue of cut-off payments for benefits and distributions when they leave office in the future, shall be put forward at the 61s annual shareholder general meeting.
| Company Name: | Minebea Co., Ltd. |
| Representative: | Takayuki Yamagishi Representative Director, President and Chief Executive Officer (Code No. 6479) |
| Contact Person: | Shunji Mase Managing Executive Officer, Head of Personnel & General Affairs Div. Naoyuki Kimura Deputy General Manager of Personnel & General Affairs Department Tel. 81-3-5434-8612 / Fax 81-3-5434-8601 |
Product information, contact and other context are subject to change without prior notice.
