La banque d'un monde qui change 2004 - BNP Paribas

• The fixed salary paid to Jean Clamon, ChiefOperating Officer, amounted to EUR 430,000in 2004 (EUR 414,962 in 2003). The variableremuneration payable to Jean Clamon in 2005in respect of 2004 will amount to EUR 453,983(EUR 401,195 in 2004 in respect of 2003) beforededucting directors’ fees received in 2004.The additional variable remuneration payablein respect of 2004 at a rate of one-third per yearin 2006, 2007 and 2008 will amount toEUR 84,000 (EUR 67,791 in respect of 2003).The Chairman, the Chief Executive Officer andthe Chief Operating Officers have company carsand a mobile telephone.Pension benefitsThe defined benefit plans which were previouslyaccorded to executive managers of the Groupformed by BNP, Paribas and Compagnie Bancaire,have all been changed to top-up type schemes.The amounts allocated to the beneficiaries,subject to their being in the Group at the timethey retire, were fixed when the previousschemes were closed to new entrants.This procedure has been applied to corporate officers,with the defined amounts calculated on the basisof fixed and variable remuneration received in 1999and 2000, without the possibility of subsequentlyacquiring supplementary pension rights.When benefits fall due, the top-up amountscalculated as described above will be remeasuredover the period from 1 January 2002to the retirement date based on the averageincrease in pension benefits paid by the SocialSecurity, Arrco and Agirc.Remuneration and benefits paid to corporate officers in 2004In euros Remuneration Directors’ feespaid by Group Benefits TotalCorporate officer Fixed (1) Variable (2) Deferred (3) companies (4) in kind (5) remunerationsMichel PébereauChairman of the Board of Directors 700,000 839,119 358,312 22,868 4,781 1,925,080Baudouin ProtChief Executive Officer 730,000 801,952 (6) 218,103 22,868 4,895 1,777,818Georges Chodron de CourcelChief Operating Officer 450,000 707,810 (7) 252,613 6,468 4,271 1,421,162Jean ClamonChief Operating Officer 430,000 286,169 (8) 100,572 47,013 4,845 868,599(1) Salary paid in 2004.(2) Corresponding to variable remuneration paid in 2004 in respect of 2003. In accordance with the terms of the BNP Paribas deferred bonus plan,a portion of each corporate officer’s variable remuneration consisted of stock awards vesting at the rate of one-third per year in 2005, 2006 and 2007.Michel Pébereau’s deferred remuneration amounted to EUR 199,565, that of Baudouin Prot to EUR 198,042, that of Georges Chodron de Courcelto EUR 190,425 and that of Jean Clamon to EUR 67,791.(3) Corresponding to the transfer of the final third of the deferred bonus awarded in 2000 in the form of BNP Paribas shares, to two-thirds of the deferredbonus awarded in 2001 in the form of BNP Paribas shares and to one-third of the deferred bonus awarded in 2002 in the form of BNP Paribas shares.(4) The Chairman of the Board of Directors and the Chief Executive Officer do not receive directors’ fees from any Group companies other than BNP ParibasSA. Georges Chodron de Courcel receives fees in his capacity as Director of BNP Paribas Switzerland. Jean Clamon receives fees in his capacity as Directorof Cetelem, BNP Paribas Lease Group, Cortal Consors, Cardif and Paribas International.(5) The Chairman, the Chief Executive Officer and the Chief Operating Officers have company cars and a mobile telephone.(6) Baudouin Prot’s variable remuneration was reduced by EUR 34,034 corresponding to directors’ fees received in 2003.(7) Georges Chodron de Courcel’s variable remuneration was reduced by EUR 103,200 corresponding to directors’ fees received in 2003.(8) Jean Clamon’s variable remuneration was reduced by EUR 115,026 corresponding to directors’ fees received in 2003.