Registration Document

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trading sessions preceding the day on which the
stock options are granted, nor 80% of the average
purchase price of shares held by the Company under
articles L.225-208 and L.225-209 of the French
Commercial Code.
All of the options granted to the corporate officers
of the Company shall be subject to one or more
performance conditions, to be determined by the
Board of Directors. All or some of the options
granted to employees shall be subject to performance
conditions.
3. ORDINARY BUSINESS
Powers to perform formalities (15th resolution)
Combined Annual Shareholders’ Meeting, January 23, 2012
Board Report 11
This authorization would be valid for a period of
38 months and would replace the authorization
previously given by the Annual Shareholders’
Meeting of January 19, 2009.
As of August 31, 2011, stock options granted to the
employees and corporate officers of the Group but
not yet exercised represented 4.1% of the Company’s
issued capital. Information concerning Sodexo’s
policy on stock options is provided on page 255 of
this document.
This standard resolution concerns the conferring of powers to perform all formalities and filings relating to the
resolutions approved by the Shareholders’ Meeting.
4. USE OF FINANCIAL AUTHORIzATIONS BY THE BOARD
Disclosures pertaining to the utilization by the Board of Directors in Fiscal 2011 of the financial authorizations
granted to it by the Shareholders’ Meeting are provided on page 204 of the Registration Document.
Sodexo Registration Document Fiscal 2011
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