Registration Document

P ◀ CONTENTS ▶
Information on the Issuer 07
Notes to the Individual Company Financial Statements
1. Assistance and advisory services between Bellon SA and Sodexo Purpose:
• Purpose:
Bellon SA provides services to Sodexo under an assistance and advisory services agreement.
• Terms and conditions:
For the year ended August 31, 2011, Bellon SA invoiced Sodexo 5,153,500 euro excluding VAT.
2. Transactions with Mr. Michel Landel, Chief executive officer
• Purpose:
In the event of the termination of his employment as Chief Executive Officer (unless for reasons of resignation
or retirement, and barring his removal from office for serious misconduct or gross negligence), Sodexo will
pay Mr. Michel Landel an indemnity equal to two times the gross annual compensation (fixed and variable)
he received in the 12 months preceding such termination. The payment of this indemnity is subject to the
Sodexo Group achieving a minimum 5% year-on-year increase in consolidated operating income, at constant
consolidation scope and exchange rates, in each of the three financial years preceding the termination of
his appointment.
Bellon SA has granted Mr. Michel Landel entitlements to the Sodexo Group executive retirement benefit
plan, in addition to his mandatory retirement benefits.
• Terms and conditions:
An expense of 194,473 euro was recorded for the executive retirement plan for the financial year and the
total commitment to Mr. Michel Landel amounted to 1,792,893 euro as at August 31, 2011.
We performed the procedures we considered necessary in accordance with professional guidance issued by
the French Institute of Statutory Auditors relating to this engagement. Our work consisted in verifying that the
information provided to us was consistent with the documentation from which it was derived.
Neuilly-sur-Seine and Paris La Défense, November 7, 2011
The Statutory Auditors
PricewaterhouseCoopers Audit KPMG Audit
Department of KPMG S.A.
Louis-Pierre Schneider Isabelle Allen
This is a free translation into English of the Statutory Auditors’ Report issued in the French language,
which is provided solely for the convenience of English-speaking readers. This report should be read in
conjunction with, and construed in accordance with, French law and professional auditing standards
applicable in France.
Sodexo Registration Document Fiscal 2011
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