APC 2015 Annual Report Download - page 161

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 159
CORPORATE GOVERNANCE
3
INTERESTS AND COMPENSATION OFGROUP SENIOR MANAGEMENT
They will also be subject to a lock-up period (see page 281 ).
The shares will be allocated by the board of directors on March23,
2016.
Complementary payment (see above for the
purpose of this payment)
Year 2015
Annual component
At its meeting of February 18, 2015, the board of directors set
the amount of the fi xed part of the complementary payment at
EUR124,000.
The target complementary variable part amounts to 100% of the
annual complementary fi xed part. This variable part may range from
0% to 200%.
This variable part is determined based on the same criteria as the
variable part of the annual compensation . As a consequence, the
board of directors, on February16, 2016, set the complementary
variable part at 99% of the annual complementary fi xed part,
i.e. an achievement rate of 99% on a base 100, It approved at
EUR 122,243 the 2015 variable part paid in March 2016.
Exceptional component
The board of directors, on February 18, 2015, authorized the
payment of a one-off lump sum of EUR 1,300,000 being paid
EUR870,000 in cash and EUR 430,000 in the form of an allocation
of 7,750 free shares under plans 19 and 20. These shares are also
subject to a lock-up period (see page 281 ).
Year 2016
Annual component
The board of directors, on February 16, 2016, authorized the
payment of EUR 136,400 as the fi xed part of the annual component
of Mr. Babeau’s complementary payment.
The board of directors authorized the payment of a variable part
which may represent between 0 and 200% of the fi xed part of the
complementary payment. The target rate of this is 100% and the
performance rate is aligned to that of the variable part of the annual
compensation , after taking into account its multiplier.
Overview of compensation, payments for retirement, stock options and shares granted to each executive
officer for the financial year
Jean-Pascal TRICOIRE, Chairman and CEO (in euros) Full year 2015 Full year 2014
Annual compensation for the fi nancial year 2,163,182 2,450,000
Valuation of options granted during the fi nancial year - -
Valuation of performance shares(1) granted during the fi nancial year 3,567,060 3,169,980
S UB TOTAL (ANNUAL COMPENSATION) 5,730,242 5,619,980
Fixed complementary payment for retirement 182,000 -
Variable complementary payment for retirement 232 420 -
One-off lump sum (free shares (2) and cash) for retirement 4,300,000 -
S UB TOTAL (COMPLEMENTARY PAYMENTS FOR RETIREMENT) 4,714,420 -
TOTAL (ANNUAL COMPENSATION
AND COMPLEMENTARY PAYMENTS FOR RETIREMENT) 10,444,662 5,619,980
(1) The valuation of performance shares corresponds to a measurement carried out in application of IFRS 2 and not compensation actually
received during the fi nancial year. Vesting of these shares is subject to the attainment of performance conditions.
(2) The valuation of free shares corresponds to a measurement carried out in application of IFRS 2 and not compensation actually received
during the fi nancial year.
7.5 Overview of the total compensation, payments for retirement and
performance shares for executive officers