THE BOARD OF DIRECTORS OF BASWARE CORPORATION RESOLVED ON A PERFORMANCE SHARE PLAN FOR KEY PERSONNEL


                        
BASWARE CORPORATION       12 MARCH 2009 at 12:20
THE BOARD OF DIRECTORS OF BASWARE CORPORATION RESOLVED ON A
PERFORMANCE SHARE PLAN FOR KEY PERSONNEL

The Board of Directors of Basware Corporation has approved a new
share-based incentive plan for the Basware Group key personnel. The
aim of the Plan is to combine the objectives of the shareholders and
the key personnel in order to increase the value of the Company, to
commit the key personnel to the Company, and to offer them a
competitive reward plan based on holding the Company shares.

The Plan includes three earning periods, calendar years 2009, 2010
and 2011. The Board of Directors decides on the earnings criteria and
targets to be established for them separately for each earning
period, at the beginning of each earning period.

The potential reward from the Plan for the earning period 2009 will
be based on the Basware Group's Earnings per Share (EPS). The
potential reward from the earning period 2009 will be paid partly as
the Company's shares and partly in cash in December 2011. The
proportion to be paid in cash will cover taxes and tax-related costs
arising from the reward. No reward will be paid, if a key person's
employment or service ends before the reward payment.
The target group for the earning period 2009 consists of the members
of the Basware Executive Team. The rewards to be paid on the basis of
the earning period 2009 will correspond to the approximate value of a
maximum total of 84,000 Basware Corporation shares (including also
the proportion to be paid in cash).

Espoo 12 March 2009

BASWARE CORPORATION
Ilkka Sihvo

FURTHER INFORMATION
Mr Ilkka Sihvo, CEO, Basware Corporation Tel. +358 9 8791 7251 or
+358 40 501 8251

DISTRIBUTION
NASDAQ OMX Helsinki Oy
Principal Media
www.basware.com

Subscribe