APC 2009 Annual Report Download - page 93
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2009 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 91
CORPORATE GOVERNANCE
3
MANAGEMENT INTERESTS ANDCOMPENSATION
Sixty percent of Mr Babeau’s target variable bonus is based on
Group performance targets in terms of organic revenue growth,
operating profi t, cash generation ratio and customer satisfaction
rates and 40% is based and on measurable personal targets.
At its meeting of February 17, 2010, the Supervisory Board set
Mr Babeau’s variable bonus for 2009 at 126.4 %.of his base salary,
or EUR 316,000 pro rata temporis.
Overview of Management Board compensation
Compensation, stock options and stock grants received by members of the Management Board
Jean Pascal Tricoire 2009 2008
Compensation due for the year 1,917,312 1,833,295
Value of stock options received during the year 491,400 1,067,220
Value of performance stock grants received during the year 504,000 488,835
TOTAL 2,912,712 3,389,350
Pierre Bouchut (January 1 - May 2, 2009) 2009 2008
Compensation due for the year 305,907 687,849
Value of stock options received during the year 256,620(1) 426,888(1)
Value of performance stock grants received during the year 263,200(1) 195,534(1)
TOTAL 825,727 1,310,271
(1) These stock options and grants were cancelled because of Mr Bouchut’s departure.
Emmanuel Babeau (May 3 - December 31, 2009) 2009 2008
Compensation due for the year 657,264 0
Value of stock options received during the year 81,300 0
Value of performance stock grants received during the year 56,400 0
TOTAL 794,964 0
Summary of compensation paid to each member of the Management Board
Jean-Pascal Tricoire 2009 2008
Chairman Amount due Amount paid Amount due Amount paid
Fixed salary 765,000 765,000 765,000 765,000
Variable bonus 1,147,500 1,063,350 1,063,350 1,260,000
Exceptional bonus 0 0 0 0
Attendance fees 0 0 0 0
Benefi ts (car) 4,812 4,812 4,945 4,945
TOTAL 1,917,312 1,833,162 1,833,295 2,029,945
Pierre Bouchut 2009 (January to May) 2008
Member Amount due * Amount paid * Amount due Amount paid
Fixed salary 194,558 194,558 401,100 401,100
Variable bonus 106,024 282,375 282,375 381,400
Exceptional bonus 0 0 0 0
Attendance fees 0 0 0 0
Benefi ts (car) 2,858 2,858 4,374 4,374
TOTAL 303,440 479,791 687,849 786,874
* In 2009, Mr Bouchut’s fixed salary included compensation for paid vacation due on termination of his service contract.