2013-vinci-annual-report

(a) Summary of remuneration due in respect of the last two years and options and shares granted
(in €)
Xavier Huillard 2013 2012
Remuneration due in respect of the year 1,925,069 1,905,264
Value of options granted during the year – –
Value of performance shares granted during the year – –
Total 1,925,069 1,905,264
REPORT OF THE BOARD OF DIRECTORS 149
(b) Summary of remuneration
(in €)
Xavier Huillard
Amount due
in respect of
the year
2013 2012
Amount paid
during the year
Amount due
in respect of
the year
Amount paid
during the year
Gross fixed remuneration (1) 900,000 900,000 900,000 900,000
Gross variable remuneration including Directors’ fees (2) 1,021,005 1,001,200
Gross variable remuneration excluding Directors’ fees (2) (3) 1,007,335 987,530 987,530 916,330
Directors’ fees (net amount) (2) 13,670 13,670 13,670 13,670
Benefits in kind (4) 4,064 4,064 4,064 4,064
Total 1,925,069 1,905,264 1,905,264 1,834,064
(1) See paragraph 4.1.1.1, p. 147.
(2) Directors’ fees received by Xavier Huillard from companies belonging to the VINCI Group are deducted from the variable remuneration decided by the Board, as proposed by
the Remuneration Committee. Since his appointment as Chairman and Chief Executive Officer, thus with effect from 6 May 2010, Mr Huillard has not received Directors’ fees from VINCI SA.
For the duration of this appointment, the only Directors’ fees he receives are those paid in respect of appointments in other Group companies.
(3) See paragraph 4.1.1.2 , p. 147.
(4) Mr Huillard had the use of a company car in 2012 and 2013.
4.1.2.2 Summary table
The table below summarises the various data relating to the existence in favour of the executive company officer, if applicable, of (i) an
employment contract in addition to the appointment as company officer, (ii) supplementary pension plans, (iii) commitments entered into
by the Company corresponding to allowances or benefits due or that could be due in connection with or as a result of either the cessation
of the executive company officer’s duties or a change in these duties, and (iv) allowances compensating for a non-competition clause.
Allowances or benefits that
could be due as a result of the cessation
of duties or a change in duties
Allowances for
non-competition
clause
Supplementary
Executive company officer
Employment contract
pension plan
Xavier Huillard, Chairman and CEO (*) no (**) yes yes (***) no
(*) Xavier Huillard’s term of office started on 6 May 2010 and will expire at the close of the Shareholders’ General Meeting on 15 April 2014.
(**) Mr Huillard had a suspended employment contract that ended via resignation on 6 May 2010 when he was appointed as Chairman and Chief Executive Officer of VINCI.
(***) Mr Huillard is eligible for severance pay in the event that the Company terminates his appointment as Director prior to its normal expiry, described on page 148 of the 2013 Annual Report.
4.1.3 Remuneration items due or granted in respect of the 2013 financial year to the Chairman
and Chief Executive Officer subject to the approval of the Shareholders’ General Meeting
of 15 April 2014
In line with the recommendations of the revised version of the Afep-Medef code published in June 2013 (Article 24.3), to which the Company
adheres as required under Article L.225-37 of the French Commercial Code, the Company submits for shareholder approval the following
remuneration items due or granted to Mr Huillard as Chairman and Chief Executive Officer in respect of the 2013 financial year.
Remuneration item Amount Observations
Fixed remuneration €900,000 Gross fixed remuneration in respect of the 2013 financial year set by the
Board of Directors on 3 March 2010.
Variable remuneration €1,021,005 Gross variable remuneration in respect of the 2013 financial year set by the Board
of Directors on 5 February 2014. This remuneration comprises:
- an economic part in the amount of €571,005. This amount is tied to the level
of net earnings per share, operating income from ordinary activities and free cash
flow;
- a managerial part in the amount of €450,000. This amount is tied to
the decision reached by the Board on the Chief Executive Officer’s performance
with regard to seven managerial objectives.
Deferred variable annual remuneration na Not applicable