Annual Report & Accounts 2012 - Euromoney Institutional Investor ...

Euromoney Institutional Investor PLC Annual Report and Accounts 2012
www.euromoneyplc.com
Directors’ Remuneration Report
continued
Executive
directors
Date of
service
contract
Notice
period
(months)
Retirement
age
Benefits accruing
if contract terminated 1
Benefits accruing
if contract terminated due to
incapacity 2
PM Fallon (died
October 14 2012) 3 June 2 1986 12 65 12 months’ salary, pension and
profit share.
9 months’ salary, profit share, and
pension.
PR Ensor Jan 13 1993 12 67 12 months’ salary, pension and
profit share.
6 months’ salary, profit share and
pension.
NF Osborn 4 Jan 4 1991 12 62 12 months’ salary, pension and a
pro-rated profit share up to the
date of termination.
1 month’s salary, pension, and a prorated
profit share up to the date of
termination.
DC Cohen Nov 2 1992 12 62 12 months’ salary, pension and a
pro-rated profit share up to the
date of termination.
1 month’s salary, pension, and a prorated
profit share up to the date of
termination.
CR Jones Aug 27 1997 12 62 12 months’ salary, pension and a
pro-rated profit share up to the
date of termination.
6 months’ salary, pension, and a prorated
profit share up to the date of
termination.
DE Alfano 5 Jan 10 2001 12 62 12 months’ salary, pension and a
pro-rated profit share up to the
Salary, pension and profit share earned
up to the date of termination only.
date of termination.
CHC Fordham Sept 21 2004 12 62 12 months’ salary, pension and a
pro-rated profit share up to the
date of termination.
6 months’ salary, pension, and prorated
profit share up to the date of
termination.
JL Wilkinson July 26 2000 12 62 12 months’ salary, pension and a
pro-rated profit share up to the
date of termination.
6 months’ salary, pension, and a prorated
profit share up to the date of
termination.
B AL-Rehany 6 Nov 11 2009 12 62 12 months’ salary, pension and a
pro-rated profit share up to the
date of termination.
6 months’ salary, pension, and prorated
profit share up to the date of
termination.
Non-executive
director
Sir Patrick Sergeant Jan 10 1993 12 n/a 12 months’ expense allowance. Expense allowance up to the date of
termination.
1. On termination, profit share is calculated as though the director has been employed for the full financial year and then pro-rated according to the date of termination
unless otherwise stated.
2. These reduced benefits also apply if the director gives less than their required notice period to the company. In the event of death in service, benefits accrue to the date
of death. If a contract is terminated for reasons of bankruptcy or serious misconduct, it is terminated with immediate effect and with no payment in lieu of notice.
3. PM Fallon had a second service contract with a subsidiary of the group, Euromoney Institutional Investor (Jersey) Limited (EIIJ), dated May 4 1993. This service contract
had the same terms as his contract with Euromoney Institutional Investor PLC. PM Fallon’s service contracts terminated on his death on October 14 2012.
4. NF Osborn has a second service contract with a subsidiary of the group, Euromoney Inc., dated January 4 1991 which may be terminated by 12 months notice. In the
event of termination NF Osborn is entitled to 12 months base salary and pension, plus a pro-rated profit share to the date notice of termination is given. The company
may also terminate his agreement due to incapacity giving 3 months notice and NF Osborn would be entitled to 3 months’ salary, pension and pro-rated profit share.
5. DE Alfano’s service agreement is with Institutional Investor, Inc.
6. B AL-Rehany’s service agreement is with BCA Research, Inc.
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