4.0 - Imperial

Retirement
Subsidiaries/
and
associates
medical Other and subcontri-
benefits Directors’ committee Total Total
Salary Bonus butions (Note 1) fees fees 2009 2008
Name R’000 R’000 R’000 R’000 R’000 R’000 R’000 R’000
Financial Statements
Executive
OS Arbee 2 849 2 115 467 106 5 537 4 524
HR Brody 4 189 3 100 676 93 8 058 6 176
MP de Canha 3 028 1 900 489 227 5 644 4 876
RL Hiemstra 2 919 2 500 478 103 6 000 4 519
WS Hill 2 710
N Hoosen (Note 3) 892 151 5 577 6 620 3 503
AH Mahomed 3 791 2 975 613 203 7 582 5 850
GW Riemann (Note 2) 5 039 3 087 2 309 537 357 11 329 11 438
22 707 15 677 5 183 6 846 357 50 770 43 596
Total 22 707 15 677 5 183 6 846 2 112 2 207 54 732
June 2008 24 814 15 246 4 022 2 078 1 695 2 280 50 135
Notes
1. Other benefits – These include the fringe benefit value of company cars and motor car allowances.
2. Overseas based – GW Riemann is employed in Germany and his salary is paid in Euro based on the market conditions in that country.
A special bonus of e250 000 was paid on extension of his contract until 2012.
3. Resigned during the course of the year. In addition to normal remuneration, an amount equal to 24 months’ salary was paid as a benefit
to N Hoosen and is included above.
Directors’ service contracts
Directors’ contracts are all terminable on one month’s notice, with the exception of GW Riemann, who is employed on a fixed term contract
that terminates on 30 June 2012 and RL Hiemstra who has a 24 month notice period.
None of the non-executive directors have a contract of employment with the company. Their appointments are made in terms of the
company’s articles of association and are initially confirmed at the first annual general meeting of shareholders following their appointment,
and thereafter by rotation.
Incentive schemes
Executive directors participate in the incentive schemes, designed to recognise the contributions of senior staff to the growth in the
company’s equity. Within limits imposed by shareholders, rights are allocated to directors and senior staff. The equity linked compensation
benefits for executive directors are set out below.
Participation in bonus rights scheme
Price on
commencement
Commencement Number of date
date shares R Expiry date
OS Arbee 26 June 2007 20 000 150,08 June 2011
HR Brody 26 June 2007 20 000 150,08 June 2011
MP de Canha 26 June 2007 20 000 150,08 June 2011
RL Hiemstra 26 June 2007 20 000 150,08 June 2011
AH Mahomed 26 June 2007 20 000 150,08 June 2011
Bonus rights issued in November 2005 terminated in June 2009 with no rights vesting as the related performance conditions had not
been met.
Imperial holdings limited Annual Report 2009 57