APC 2015 Annual Report Download - page 167

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 165
CORPORATE GOVERNANCE
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REGULATED AGREEMENTS ANDCOMMITMENTS
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8. Regulated agreements
andcommitments
7.8 Transactions in Schneider ElectricSE shares by corporate officers
during the2015 financial year
Transactions disclosed in application of article621-18-2 of the French Monetary and Financial
Code
Date Name Transaction type Unit price Total transaction amount
02/20/2015 Babeau Exercise of stock options EUR37.68 EUR1,137,559
02/20/2015 Babeau Disposal EUR69.13 EUR2,074,731
08/13/2015 Babeau Disposal EUR61.0798 EUR1,182,504
8.1 Agreements and commitments of the 2015 financial year
andnotapprovedbytheshareholders’Meeting
None.
The board of directors of February 18, 2015 decided to put an
end, for the executive offi cers, to the benefi t of the top-hat pension
schemes (article 39) implemented in 1995 and 2012, except for
the life & disability (death, invalidity) coverage provided under these
scheme.
The implementation of this decision lead the board of directors to
amend Mr. Tricoire’s status and renew Mr. Babeau’s status.
Amendments to Mr. Tricoire’s status
The board of directors stated:
(i) that Mr. Tricoire, who loses the benefi t of former and new
defi ned benefi
t pension schemes (article 39) for Group’s French
executives;
(ii) that Mr. Tricoire retains the benefi t of an annuity for a surviving
spouse in case of death before the end of his mandate or before
retirement in case of departure before the age of 55, without
pursuing any further professional activity, following dismissal or
in case of disability, as well as a pension allowance, in case of
disability which payment would start at the age of 60;
(iii) furthermore, the supplementary contingency coverage on health,
incapacity, disability and death risks from which Mr. Tricoire may
benefi t will be calculated based on his overall compensation .
The Annual Shareholders’ Meeting, on April 21, 2015, pursuant
to its 5th resolution, approved these amendments to Mr. Tricoire’s
status.
Renewal of Mr. Babeau’s status
Mr. Babeau, who benefi ts from the defi ned benefi t top hat pension
plan (article39) pursuant to his employment contract with Schneider
Electric Industries SAS resigned from such employment contract
in order to enforce the board’s decision to remove the benefi t of
this advantage to executive offi cers in his respect. The board of
directors has therefore renewed the elements of his status pursuant
to his employment contract with Schneider Electric Industries SAS
at the level of Schneider Electric SE. The board of directors, on that
occasion, aligned Mr. Babeau’s status fully with that of Jean- Pascal
Tricoire (see pages 314 to 317 ). The Annual Shareholders’ Meeting,
on April 21, 2015, pursuant to its 6th resolution, approved these
amendments to Mr. Babeau’s status.
8.2 Agreements and commitments of the 2015 financial year approved
by the Shareholders’ Meeting (see C hapter 8, pages 314 to 317 )