to download the 2012 registration document. - Groupe M6

2012 FINANCIAL STATEMENTS AND RELATED NOTESAgreements and commitments already approved by the Annual General MeetingAgreements and commitments approved during the previous financial years that were not executedduring the financial year just endedIn addition, we were informed of the following agreements and commitments already approved by theGeneral Meeting in previous years, which were not implemented during the financial year.With Nicolas de Tavernost, Thomas Valentin and Jérôme Lefébure, members of the Executive Board.Commitments made for the benefit of members of the Executive Board in the event of cessationof their dutiesNature and purposeFollowing the renewal of the term of office of Nicolas de Tavernost and Thomas Valentin and theappointment of Jérôme Lefébure as members of the Executive Board in 2010, your General Meeting of 4May 2010 renewed its delegation relative to severance pay commitments made in 2008 pursuant to theCode of Corporate Governance AFEP/MEDEF of December 2008, for the benefit of the said members ofthe Executive Board.Terms and conditionsThe compensation for the termination of Nicolas de Tavernost’s duties as Chairman of the ExecutiveBoard is equal to the difference between twenty four months of gross monthly remuneration, calculatedon the basis of his total remuneration, including fixed and variable items, received over the last twelvemonths preceding the termination of his position as Chairman of the Executive Board and the legal andstatutory compensation potentially due to him in respect of the termination of his employment contract.The payment of severance pay is now limited to cases in which his term of office as Chairman of theExecutive Board is not terminated due to his resignation or failure to perform his duties satisfactorily.The compensation for the termination of Thomas Valentin and Jérôme Lefébure’s employment contract isnow equal to the difference between twenty four months of gross monthly remuneration calculated on thebasis of the total of their individual remuneration, including fixed and variable items, received over the lasttwelve months preceding the termination of their employment contract and the cumulative legal andstatutory compensation potentially due to them in respect of the termination of their employment contractand, if applicable, the amount due as consideration for their non-competition commitment.Directors’ fees are excluded from the calculation base to the extent that the contractual compensationthey benefit from is attached to their employment contract. The payment of severance pay is now limitedto cases in which they are not dismissed due to a serious fault or gross negligence, their tendering theirresignation or failure to perform their duties satisfactorily. The changes thus introduced to thecompensation packages were formalised by the signing of an addendum to their respective employmentcontracts.These agreements were authorised by the Supervisory Board meeting of 25 March 2010 and approvedby the Ordinary General Meeting of 4 May 2010.240 - M6 GROUP - 2012 REGISTRATION DOCUMENT