entire - Deutsche Bank Annual Report 2012

Deutsche Bank 01 – Management Report 127
Financial Report 2010 Information pursuant to Section 315 (4) of the German Commercial Code and Explanatory Report
Agreements for Compensation in Case of a Takeover Bid
If a member of the Management Board leaves the bank within the scope of a change of control, he receives a
one-off compensation payment described in greater detail in the following Compensation Report.
If the employment relationship with certain executives with global or strategically important responsibility is
terminated within a defined period within the scope of a change of control, without a reason for which the
executives are responsible, or if these executives terminate their employment relationship because the company
has taken certain measures leading to reduced responsibilities, the executives are entitled to a severance
payment. The calculation of the severance payment is, in principle, based on 1.5 times to 2.5 times the total
annual remuneration (base salary as well as variable – cash and equity-based – compensation) granted before
change of control. Here, the development of total remuneration in the three calendar years before change of
control is taken into consideration accordingly.