ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft
ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft
ANNUAL REPORT 2011 REGISTRATION DOCUMENT - Saft
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4 Remuneration<br />
CORPORATE GOVERNANCE<br />
and shareholding of the Management and Supervisory Board members<br />
4.2.7 INFORMATION ON EMPLOYMENT CONTRACTS, PENSION PLANS AND<br />
TERMINATION COMPENSATION FOR MEMBERS OF THE MANAGEMENT BOARD<br />
The status of each Management Board member with regard to employment contract, pension plans and termination compensation<br />
or other benefi ts is as follows:<br />
Name of the Management Board<br />
member<br />
92 / SAFT - <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2011</strong><br />
Contract of<br />
employment<br />
Supplementary<br />
pension plan<br />
Compensation<br />
or other benefi ts<br />
payable (or liable<br />
to be payable)<br />
in the event<br />
of termination or<br />
change of function<br />
Compensation as<br />
consideration for a<br />
non-compete clause<br />
John Searle Yes Yes (defi ned<br />
Yes Yes<br />
Chairman of the Management Board<br />
Appointment date: 05/05/<strong>2011</strong><br />
Date offi ce ends: 05/05/2013<br />
contribution plan)<br />
Thomas J. Alcide<br />
Member of the Management Board<br />
Appointment date: 05/05/<strong>2011</strong><br />
Date offi ce ends: 05/05/2013<br />
Yes No No No<br />
Bruno Dathis Yes Yes (defi ned<br />
No No<br />
Member of the Management Board<br />
Appointment date: 05/05/<strong>2011</strong><br />
Date offi ce ends: 05/05/2013<br />
contribution plan)<br />
Xavier Delacroix Yes Yes (defi ned<br />
No No<br />
Member of the Management Board<br />
Appointment date: 05/05/<strong>2011</strong><br />
Date offi ce ends: 05/05/2013<br />
contribution plan)<br />
Elizabeth Ledger Yes Yes (defi ned<br />
No No<br />
Member of the Management Board<br />
Appointment date: 05/05/<strong>2011</strong><br />
Date offi ce ends: 05/05/2013<br />
contribution plan)<br />
Pension plan for members of the Management Board<br />
The Chairman and three members of the Management Board<br />
(Elizabeth Ledger, Bruno Dathis and Xavier Delacroix) benefi t<br />
from the same defi ned contribution supplementary pension<br />
plan as all Group executives in France, in the form of a multiemployer<br />
pension plan (“PERI“), the fi nancing of which is borne<br />
by the Group. The amounts accrued or set aside under this<br />
plan on behalf of these four Management Board members<br />
amounted to €58,734 in <strong>2011</strong>. This overall sum breaks down<br />
as follows:<br />
2009 Financial Year 2010 Financial Year <strong>2011</strong> Financial Year<br />
John Searle €21,820 €22,018 €22,484<br />
Bruno Dathis €11,289 €11,993 €16,144<br />
Xavier Delacroix €9,765 €9,968 €13,864<br />
Elizabeth Ledger €4,466 €4,401 €6,242<br />
TOTAL €47,340 €48,380 €58,734
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