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64
INFORMATION ABOUT ANF
Corporate governance
The criteria for the application of the allowance require the payment
of one third of the allowance be based on an increase in Net Asset
Value (NAV). This allowance will only be paid if the increase in NAV
(excluding transfer taxes) averages at least 4% per year over the
period in question.
This allowance cannot be added to the allowance due under the
employment contract.
At ANF, the other members of the Executive Board and Supervisory
Board do not receive any allowance, benefi ts or compensation of
any type as a result of the termination of or change in their positions.
Amounts of pension and other employee
benefi t obligations
In exchange for the services provided in carrying out his duties, Xavier
de Lacoste Lareymondie, as well as non-Board senior executives
of Eurazeo, has an additional defi ned retirement fund, in order to
provide them with complementary retirement compensation. This
additional retirement is based on their compensation and their
seniority at the time they retire.
The total amount of the additional retirement plan granted to Xavier
de Lacoste Lareymondie, in compliance with all the provisions of
the retirement regulation, equals 2.5% of the base compensation
Stock options and performance shares
ANF • 2009 ANNUAL REPORT
per year of seniority (with a maximum of 24 years). The base
compensation used to calculate benefi ts is based exclusively on
the following items: gross annual salary and variable compensation.
This base compensation used to calculate benefi ts is limited to
twice the gross annual salary. Xavier de Lacoste Lareymondie must
remain employed by the Company until retirement in order to be
granted this benefi t.
Xavier de Lacoste Lareymondie was granted this benefi t under the
same terms as non-Board member executives.
Within the context of implementation of the AFEP/MEDEF’s
Corporate Governance Code recommendations, the collective
regime applicable to all senior Company executives has been
changed to provide for an additional seniority requirement of four
years with the Company and the consideration, with regard to the
reference compensation used to calculate the retirement pension,
of the average gross compensation (fi xed and variable portion) for
the previous 36 months, pursuant to the procedures laid down by
the retirement regulation.
The other members of the Executive Board and Supervisory Board
of ANF do not have any pensions, additional defi ned retirement
funds or any other benefi ts whatsoever from ANF in exchange for
the performance of their duties.
TABLE 4: STOCK OPTIONS GRANTED TO EACH EXECUTIVE CORPORATE OFFICER BY THE ISSUER AND ANY COMPANY OF THE GROUP
OVER THE FISCAL YEAR
Name of the
executive
corporate offi cer Date of plan
Bruno Keller ANF -
December 14, 2009
Xavier
de Lacoste
Lareymondie
Eurazeo –
June 2, 2009
ANF –
December 14, 2009
Brigitte Perinetti ANF –
December 14, 2009
Ghislaine Seguin ANF –
December 14, 2009
Type of
stock option
(purchase or
subscription)
Valuation of stock
options based on
the method used
for the consolidated
fi nancial statements
(€)
Number
of stock
options
granted
over
the fi scal
year
�
Contents
Exercise
price Exercise period
Purchase 378,133 80,000 €31.96 Between the vesting date
(1st tranche – December 14, 2011;
2nd tranche – December 14, 2012;
3rd tranche – December 14, 2013)
and December 14, 2019
Purchase 74,520 9,661 €32.70 Between June 2, 2011
and June 1, 2019
Purchase 181,977 38,500 €31.96 Between the vesting date
(1st tranche – December 14, 2011;
2nd tranche – December 14, 2012;
3rd tranche – December 14, 2013)
and December 14, 2019
Purchase 18,907 4,000 €31.96 Between the vesting date
(1st tranche – December 14, 2011;
2nd tranche – December 14, 2012;
3rd tranche – December 14, 2013)
and December 14, 2019
Purchase 40,177 8,500 €31.96 Between the vesting date
(1st tranche – December 14, 2011;
2nd tranche – December 14, 2012;
3rd tranche – December 14, 2013)
and December 14, 2019
OTHER GENERAL INFORMATION PRO FORMA FINANCIAL INFORMATION ANNUAL FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS INFORMATION ABOUT ANF DESCRIPTION OF THE BUSINESS