Dentsu Announces Solicitation Results
of Early Retirement Incentive Plan
Dentsu Inc. (President: Yutaka Narita; Head Office: Tokyo; Capital: 58,967.1 million yen), which had implemented and solicited applications for its new early retirement incentive plan for corporate officers, announced that it had received 52 applications before the deadline of April 26.
The details of the solicitation and applications are outlined below.
1. Early Retirement Incentive Plan
(1) Eligibility: Employees who had been required to leave titled posts on or prior to March 31, 2002 and employees who are required to step down from their respective posts as corporate officers on September 30, 2002 were eligible (a total of 207 employees).
Note: Requirement to leave titled posts: Corporate officers holding the posts of Director, Deputy Director and Senior Manager are required to step down from their respective positions on the last day of September or March immediately following their 58th birthdays.
(2) Period in which applications were solicited:
April 1, 2002 through April 26, 2002
(3) Date of retirement: June 30, 2002
2. Solicitation Result
Number of applications received: 52
3. Impact on Financial Statements
The impact of the early retirement incentive plan was accounted for in the business projections for fiscal 2002, ended March 31, 2003, that were announced on May 15, 2002.
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