Brambles 2006 Annual Report - Alle jaarverslagen

64
Brambles
2006 Annual Report DIRECTORS’ REPORT – REMUNERATION REPORT
Name & Role(s)
Contract type & any
special terms
Salary/ TFR Termination Pension
P G Martinez
Senior Vice
President – Strategy
& Information
Technology, Brambles
Continuing contract.
TFR amount of
A$828,134 until 30 June
2006. Increased to
A$869,541 with effect
from 1 July 2006.
May be terminated without
cause, by BIL giving
12 months’ notice, or employee
giving 12 months’ notice.
Payments in lieu of notice
calculated by reference to TFR.
TFR amount includes any
pension contributions.
C A van der Laan de
Vries
Senior Vice President
– Legal and Mergers
& Acquisitions and
Company Secretary,
Brambles
Continuing contract.
1) Entitled to annual
awards under the 2004
Share Plans on the basis
of the participation levels
used for the grants made
to him on 24 November
2004.
2) On death, estate
entitled to 0.5 times TFR
amount and 0.5 times
average annual
STI paid to him over
the 3 previous years.
TFR amount of
A$808,735 as at 30 June
2006. Increased to
A$849,172 with effect
from 1 July 2006.
May be terminated without
cause, by BIL giving
12 months’ notice, or
employee giving 6 months’
notice. Payments in lieu of
notice calculated by reference
to annual TFR amount, and
average STI Cash Award
payment over previous
three years.
TFR amount includes any
pension contributions.
Other Senior Executives
C Berkefeld
Managing Director,
Brambles Industrial
Services &
Cleanaway, Australia
Continuing contract of
employment, transferred
to purchaser with sale
of Brambles Industrial
Services & Cleanaway,
Australia, on 5 July 2006.
Base salary of A$551,200
at date of transfer of
employment.
Obligations under contract
of employment passed
to purchaser.
In addition to defined
contribution basic pension
arrangements, he also
had a final salary pension
promise. The difference
between the provision
held as at 30 June 2005 in
respect of that promise,
and the payout made to
him upon the transfer of
his employment, has been
fully disclosed in
Section 5.2.
L Hendriks
Executive Director,
Brambles Industrial
Services
Employment contracts
with Belgian, UK, Dutch
and US companies.
Position becomes
redundant following sale
of Regional Businesses.
Termination date of
18 August 2006 for all
contracts agreed.
Basic remuneration
(from all sources
within the Group)
of Euro 207,840 until
31 December 2005.
Euro 216,000 at date
of termination.
Termination benefits fully
disclosed in Section 5.2.
Personal defined
contribution arrangements
within amounts disclosed.
M-A Kottgen
Executive Director,
Cleanaway Germany
Continuing contract of
employment, transferred
to purchaser with sale of
Cleanaway Germany, on
12 April 2006.
Base salary of
Euro 391,000 at date of
transfer of employment.
Obligations under contract
of employment passed to
purchaser.
Obligations under contract
of employment passed to
purchaser.
L Muguerza
Chief Financial
Officer, Brambles
Industrial Services
Employment contracts
with Belgian, UK and
Dutch companies.
Position becomes
redundant following sale
of Regional Businesses,
Industrial Services and
Cleanaway businesses.
Termination date of
31 August 2006 for all
contracts agreed.
Base remuneration
(from all sources
within the Group) of
Euro 204,000 until
31 December 2005.
Euro 212,000 at date
of termination.
Termination benefits fully
disclosed in Section 5.2.
Pension benefits provided
under a Belgian defined
benefit plan which
provides for a lump sum
payment on retirement.
Liabilities under the
scheme are backed by an
insurance policy.
See Section 8.5 for footnotes.