Philips 2008 Annual Report Download - page 117

Remuneration costs
The tables below give an overview of the costs
incurred by the Company in the financial year
in relation to the remuneration of the Board of
Management. Costs related to stock option and
restricted share rights grants are taken by the
Company over a number of years. As a consequence,
the costs mentioned below in the columns stock
options and restricted share rights are the accounting
cost of multi-year grants given to board members
during their board membership.
Remuneration costs Board of Management 20081)
in euros
base salary
realized
annual
incentive2)
stock
options
restricted
share rights
pension
costs
other
compensation
G.J. Kleisterlee 1,100,000 490,512 491,878 645,155 (314,893)3) 324,346
P-J. Sivignon 687,500 217,386 326,729 382,268 250,951 8,738
G.H.A. Dutiné 618,750 200,664 284,446 365,531 192,153 135,673
R.S. Provoost 620,000 247,607 265,791 343,011 192,003 26,406
A. Ragnetti 613,750 329,571 255,997 338,156 202,281 37,665
S.H. Rusckowski 620,000 103,1644) 177,629 307,685 235,852 66,356
Reference date for board membership is December 31, 2008
1)
Annual incentive amount paid relates to performance in the previous year
2)
No further accrual of pension benefits after having reached the age of 60 in September 2006, leading to a negative cost
3)
Pay-out related to period April 1 - December 31, 2007
4)
Remuneration costs Board of Management 20071)
in euros
base salary
realized
annual
incentive2)
stock
options
restricted
share rights
pension
costs
other
compensation
G.J. Kleisterlee 1,087,500 1,186,618 467,467 612,844 (323,687)3) 304,047
P-J. Sivignon 637,500 508,550 284,166 373,969 243,940 25,218
G.H.A. Dutiné 587,500 513,691 284,033 354,526 192,549 140,116
R.S. Provoost 562,500 335,5514) 184,050 295,059 176,867 22,007
A. Ragnetti 531,250 354,8934) 174,256 284,860 178,611 37,031
S.H. Rusckowski5) 431,250 −93,489 209,370 184,633 137,741
Reference date for board membership is December 31, 2008
1)
Annual incentive paid relates to performance in the previous year
2)
No further accrual of pension benefits after having reached the age of 60 in September 2006, leading to a negative cost
3)
Pay-out related to period April 1 - December 31, 2006
4)
All amounts mentioned relate to the period of board membership (April 1 - December 31, 2007), therefore no amount is mentioned under annual incentive
5)
Remuneration costs Board of Management 20061)
in euros
base salary
realized
annual
incentive2)
stock
options
restricted
share rights
pension
costs
other
compensation
G.J. Kleisterlee 1,042,500 1,500,5603) 415,054 409,106 (52,145)4) 300,064
P-J. Sivignon 568,750 519,1913)5) 163,797 247,408 224,481 60,671
G.H.A. Dutiné 540,750 433,998 271,824 264,427 194,309 99,373
R.S. Provoost6) 393,750 −73,319 124,835 138,802 34,632
A. Ragnetti6) 356,250 −65,974 112,329 121,358 13,971
S.H. Rusckowski7) −−−−− −
Reference date for board membership is December 31, 2008
1)
The annual incentive paid relates to performance in the previous year
2)
The annual incentive amount mentioned includes the special payment made in relation to the divestment of the Semiconductors division
3)
No further accrual of pension benefits after having reached the age of 60 in September 2006, leading to a negative cost
4)
Pay-out related to period June 15 - December 31, 2005
5)
All amounts mentioned relate to period of board membership (April 1 - December 31, 2006), therefore no amount mentioned under annual incentive
6)
Date of appointment as member of the Board of Management April 1, 2007, therefore no amounts mentioned
7)
Philips Annual Report 2008 117
122
Performance statements
114
Supervisory Board report
110
Our leadership
94
Risk management
70
Our sector performance