Financial Statements - Solvay

during the 30 days preceding the start
of the offer. The options expire eight
years after the date of grant.
They vest as from the fi rst day of the
year following the third anniversary of
the grant and can be exercised during
specifi ed “open periods”.
Other benefi ts
The General Managers are entitled
to retirement, death-in-service and
disability benefi ts, as a rule, on the
basis of the provisions of the plans
applicable in their home country.
Other benefi ts, such as medical care
and company cars or car allowances,
are also provided according to the
rules applicable in the host country.
The nature and magnitude of these
other benefi ts are largely in line with
the median market practice. The
retained reference market is, as a rule,
a blend of some 20 leading Belgian
companies and Belgian subsidiaries of
foreign-owned organisations generally
considered as attractive employers by
national and international executive
talent and for which the representative
benefi t practices can be regarded
as suffi ciently in line with prevailing
European standards at executive level.
Corporate Governance
155
Solvay Global Annual Report 2008
Corporate Governance