APC 2015 Annual Report Download - page 168

2015 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC166
CORPORATE GOVERNANCE
3REGULATED AGREEMENTS ANDCOMMITMENTS
Status of Jean-Pascal Tricoire
Pursuant to the provisions of the TEPA Act, at its meetings of April
25, June 18 and 19, 2013 and October 24, 2013,
•the board of directors renewed the status of Jean-Pascal Tricoire
as adopted by the supervisory board in 2012 subject to a number
of adjustments primarily related to new recommendations of
AFEP/MEDEF Code;
•adopted the status of Mr. Emmanuel Babeau, holder of a work
contract with Schneider Electric Industries SAS.
The Annual Shareholders’ Meeting on May 6, 2014, pursuant to its
4th, 5th and 6th resolutions, approved the renewal of Mr. Tricoire’s
status and the adoption of Mr. Babeau’s status.
As indicated above, the board of director’s decision to cancel the
entitlement for executive corporate offi cers to their top-hat pension
plan (article 39) led to an amendment of the status of Mr. Tricoire
and a review within Schneider Electric SE of elements of the status
of Mr. Babeau, other than his rights to an article 39 pension,
which were attached to his work contract with Schneider Electric
Industries SAS which he decided to renounce. On this occasion,
Mr. Babeau’s status was strictly aligned to that of Mr. Tricoire.
The 2015 Annual Shareholders’ Meeting, pursuant to its 5th and
6th resolutions, approved these amendments to the statuses
of Messrs. Tricoire and Babeau. These modifi ed statuses were
presented in paragraph «Commitments made to the benefi t of the
executive offi cers» above.
Other Agreements
Compensation of the Vice-chairman lead director
The board of directors of May 6, 2014 decided on the compensation
of the Vice-chairman lead director. It therefore stipulated that as
part of his duties as Vice-President lead director as defi ned in the
statutes and the board’s internal regulations and procedures, Mr
Leo Apotheker will receive a salary of EUR250,000 per year payable
semi-annually in the framework of an agreement provided for in
article L. 225-46 of the French Commercial Code.
Outsourcing of supplementary pension plans for
former executives of the Group
As part of the outsourcing in 2012 of supplementary pension plans
for executives applied in 1995 (closed plan), an agreement was
signed with AXA which was approved by the Annual Shareholders’
Meeting of April 25, 2013.
8.3 Agreements and commitments signed during previous years and approved
by the Annual Shareholders’ Meeting (see chapter 8 pages 314 to 317 )