APC 2010 Annual Report Download - page 128

CORPORATE GOVERNANCE
3MANAGEMENT INTERESTS ANDCOMPENSATION
Performance shares granted to each corporate officer
Plan number(1) Plan date
Number
of shares
awarded Unit valuation IFRS 2 Date of acquisition Date of availability
Jean-Pascal TRICOIRE 5 Jan. 05, 2009 11,250 44.80 Jan. 05, 2012 Jan. 05, 2014
8 Dec. 21, 2009 12,500 69.40 Dec. 21, 2011 Dec. 21, 2013
10 Dec. 17, 2010 25,000 102.60 Mar. 17, 2013 Mar. 17, 2015
Emmanuel BABEAU 7(2) Aug. 21, 2009 1,250 45.12 Aug. 21, 2012 Aug. 21, 2014
8 Dec. 21, 2009 3,750 69.40 Dec. 21, 2011 Dec. 21, 2013
10 Dec. 17, 2010 10,000 102.60 Mar. 17, 2013 Mar. 17, 2015
(1) Plan 5 for 2009, exceptional plan 7, plan 8 for 2010, plan 10 for 2011.
(2) Exceptional plan 7 with no performance conditions.
Plan 5 Plan 8 Plan 10
Performance criteria 100% of the shares – 2011
operating margin and share
of revenue generated in new
economies
100% of options – 2010 and
2011 operating margin andshare
of revenue generated in new
economies
100% of the options – 2011
and 2012 operating margin and
average revenue growth in 2011
and 2012 compared to changes
in world GDP over the same
period
Benefits received by members of the Management Board
Management Board
corporate offi cers
Employment contract Top-hat pension plan
Payments or benefi ts may
be due in the event of
termination or change of
function Payments in relation to a non-compete agreement
Yes No Yes No Yes No Yes No
Jean-Pascal TRICOIRE
See hereafter
“President
and CEO”
See above
“Pension
benefi ts”
See hereafter
“President
and CEO”
See hereafter
“President
and CEO”
President and CEO
May 3, 2009
May 2, 2012
Emmanuel BABEAU See hereafter
“Member
of the
Management
Board”
See above
“Pension
benefi ts” (1)
See hereafter
“Member
of the
Management
Board”
See hereafter
“Member
of the
Management
Board”
Membre du Directoire
May 3, 2009
May 2, 2012
(1) The contribution paid in 2010 to the defi ned contribution retirement plan was EUR22,157.
President and CEO–Jean-Pascal Tricoire
In accordance with AFEP-MEDEF guidelines, Jean-Pascal Tricoire
resigned from his service contract when he was reappointed
Chairman of the Management Board on May3, 2009. The
Supervisory Board has defined the benefits granted to him as
Chairman of the Management Board. Under the terms of his new
status, approved by the Annual Shareholders’ Meeting of April23,
2009, MrJean-Pascal Tricoire:
1) will continue to benefi t from:
–the Schneider Electric SA and Schneider Electric Industries
SAS employee benefi t plan, which offers health, disability and
death coverage,
–the supplementary health, disability and death coverage
available to the Group’s senior French executives,
–the Top-hat Pension Plan for the Group’s Senior Management
described in the Supervisory Board Chairman’s report in
accordance with article L.225-68 of the French Commercial
Code (see page122);
For a complete understanding of the information reported in the
summary of the compensation, stock options and stock grants
received by each member of the Management Board (see page124),
the allocations made in2010 (for2011) and the allocations made
in2009 (for2009 and2010) are disclosed hereinafter.
2010 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC126