registration document France Telecom 2009 - Orange.com

15 COMPENSATION
compensation and benefits paid to directors, officers and senior management
OF GROUP MANAGEMENT COMMITTEE IN 2009
Stock option awards
France Telecom did not award any stock options in 2009. As
of March 25, 2010, Stéphane Tierce, a director representing
employee shareholders, held 1,140 stock options granted by
the B oard on October 26, 2005 (See Section 17.3.3.1 France
Telecom S.A. Stock Option Plans).
Free share awards
Under the Free Share Award Plan approved by the B oard on
April 25, 2007 (See Section 17.3.4 Free Share Award Plan),
salaried directors were allocated the following shares on
April 25, 2009, given that the performance conditions set out in
the plan had been satisfi ed:
Hélène Adam
René Bernardi
Jean-Michel Gaveau
Stéphane Tierce
Caroline Angeli
Ghislaine Coinaud
Daniel Guillot
80 shares
120 shares
120 shares
200 shares
80 shares
80 shares
200 shares
15.3 COMPENSATION OF GROUP MANAGEMENT COMMITTEE IN 2009
The total gross amount, excluding the employer part of social
security contributions, of the compensation paid in respect of
the 2009 fi nancial year by France Telecom and the companies
it controls to all members of the France Telecom Group
Management committee was 7,821 ,535 euros .
This amount includes all compensation paid in respect of
2009 (gross salaries, bonuses, incentive and benefi ts in kind,
including variable portions, incentive and profi t sharing), with the
exception of any possible employer’s matching contribution (not
yet known) to incentive and profi t sharing .
In 2009, the members of the France Telecom Group Management
committee were : Didier Lombard, Jean-Yves Larrouturou,
Gervais Pellissier, Olivier Barberot, Barbara Dalibard, Georges
Penalver, Olaf Swantee, Jean-Philippe Vanot, Louis Pierre Wenes
until October 4, 2009 and Stéphane Richard from October 5,
2009.
The members of the Group Management committee have not
received attendance fees for the offi ces held by them in the
companies of the France Telecom Group. The contracts of the
members of the Group Management committee, other than
Didier Lombard’s, included a clause providing a contractual
termination settlement not exceeding 15 months of their last
total gross annual compensation (including the contractual
termination benefi t ).
During the 2009 fi nancial year, the members of the Group
Management committee received no stock option s or
performance shares from France Telecom S.A. or from any
other of the Group’s companies.
15.4 PROVISIONS FOR PENSIONS, RETIREMENT AND OTHER BENEFITS
The total amount of retirement benefi ts (contractual retirement
bonuses and the defi ned benefi t supplementary pension
plan) recorded as provisions in the fi nancial statements as of
December 31, 2009, in respect of the members of the Group
Management committee (listed in Section 15.3), including
Didier Lombard, was 7,298,411 euros.
France Telecom has no pension commitment to any corporate
offi cer, except to Didier Lombard, Stéphane Richard and the
salaried directors . Following the termination of his labour
contract upon appointment as a corporate offi cer, since
January 1, 2010, Stéphane Richard is no longer entitled to
receive any retirement benefi ts from France Telecom.
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2009 REGISTRATION DOCUMENT / FRANCE TELECOM