ourexpertise - Crédit Agricole CIB

6GENERAL INFORMATIONTERMS AND CONDITIONSYour company’s New York branch invoiced Newedge Group for repayment on 21 January 2011 in the amount of $368,080 for the periodbetween 26 July and 23 December 2010.2. WITH MR JEAN-YVES HOCHER, CHIEF EXECUTIVE OFFICER, AND MR FRANCIS CANTERINI, DEPUTY CHIEF EXECUTIVEOFFICERNATURE AND PURPOSEOn 12 January 2011 your Board of Directors authorised the commitments made by Crédit Agricole S.A. with respect to the pension plansof Mr Jean-Yves Hocher and Mr Francis Canterini.TERMS AND CONDITIONSMr Jean-Yves Hocher and Mr Francis Canterini benefi t from a supplementary pension plan with Crédit Agricole S.A. for which your companywill participate in the payment of contributions – employer’s share – during the term of offi ce that they exercise within your company.The supplementary pension plans comprise a combination of a defi ned-contribution plan and a defi ned-benefi t plan of the top-up type.Rights to the top-up plan are determined after deduction of the annuity constituted within the framework of the defi ned-contribution plan.The contributions to the defi ned-contribution plan are equal to 8% of the gross salary capped at eight times the Social Security ceiling (ofwhich 3% is at the benefi ciary’s charge). The top-up rights of the defi ned-benefi t plan are equal, on the condition of presence, for each yearof service, and as a function of the reference end-of-career fi xed salary, to 0.90% or 1.20% of fi xed compensation plus variable compensation(capped at 40% or 60% of fi xed compensation). Upon liquidation, the total pension annuity resulting from these plans and mandatorypension plans will be capped at 23 times the annual Social Security ceiling at this date.3. WITH MR JEAN-YVES HOCHER, CHIEF EXECUTIVE OFFICER AND DEPUTY CHIEF EXECUTIVE OFFICER OF CRÉDITAGRICOLE S.A.NATURE AND PURPOSEAt its meeting on 12 January 2011 your Board of Directors confi rmed the commitments authorised on 18 May 2009 by the Board of Directorsof Crédit Agricole S.A. in favour of Mr Hocher in his capacity as Deputy Chief Executive Offi cer of Crédit Agricole S.A., in the event ofthe cessation of his corporate offi ce held at Crédit Agricole S.A.TERMS AND CONDITIONSFunctionCrédit Agricole S.A. has committed to proposing an equivalent or comparable function to that which Mr Jean-Yves Hocher exercised priorto becoming a corporate offi cer, by virtue of his employment contract, in his capacity as a member of the Executive Committee of the CréditAgricole S.A. Group. In this respect, he will benefi t from a proposal of at least two positions corresponding to the functions of members ofthe Executive Committee of the Crédit Agricole S.A. Group.CompensationMr Jean-Yves Hocher’s gross annual compensation with respect to his employment contract will be established by reference to his lastcontractual compensation prior to the starting date of his term of offi ce. Updated, this compensation will not be less than the averagecompensation paid to the members of the Executive Committee, excluding corporate offi cers, during the twelve months prior to the end ofhis term of offi ce.Non-competition commitmentBecause of the nature of his functions as Deputy Chief Executive Offi cer of Crédit Agricole S.A., Mr Jean-Yves Hocher commits, subsequentto the notifi cation of the interruption of his employment contract, for whatever reason, not to exercise directly or indirectly an activity at acompeting company whether on a voluntary basis or as an employee, corporate executive or independent professional. This commitment,valid for one year as from the notifi cation of the termination of his employment contract, is limited to the banking sector in France. As acounterpart to this commitment, Crédit Agricole S.A. will pay in accordance with the conditions specifi ed in the collective bargaining agreementan amount equal to 50% of his last annual gross compensation having been the object of a tax declaration after deducting benefi ts inkind. If Crédit Agricole S.A. decides to renounce this clause within the timeframe provided for in the collective bargaining agreement, it willnot have to pay this indemnity.Retirement bonus planThe re-activation of Mr Jean-Yves Hocher’s employment contract will result in his benefi ting from the retirement bonus plan provided for allemployees under the collective bargaining agreement of Crédit Agricole S.A. The total amount of this bonus cannot exceed six months offi xed salary plus variable compensation limited to 4.5% of the fi xed salary.260SHELF-REGISTRATION DOCUMENT CRÉDIT AGRICOLE CIB 2010