Philips 2010 Annual Report Download - page 190

13 Group financial statements 13.11 - 13.11
190 Annual Report 2010
Remuneration costs of individual members of the Board of Management
in euros
salary annual incentive1) pension cost other compensation2)
2010
G.J. Kleisterlee 1,100,000 962,720 (255,757)3) 321,778
P-J. Sivignon 711,250 459,480 240,051 28,122
G.H.A. Dutiné 643,750 410,250 203,404 135,459
R.S. Provoost 646,250 416,814 193,194 30,919
A. Ragnetti 429,583 416,814 134,353 433,4894)
S.H. Rusckowski 646,250 416,814 216,814 76,713
4,177,083 3,082,892 732,059 1,026,480
2009
G.J. Kleisterlee 1,100,000 220,000 (302,855)3) 329,117
P-J. Sivignon 700,000 105,000 235,226 37,988
G.H.A. Dutiné 625,000 93,750 186,722 119,197
T.W.H.P. van Deursen 5) − 22,500 − −
R.S. Provoost 635,000 95,250 187,073 25,465
A. Ragnetti 635,000 95,250 198,798 42,777
S.H. Rusckowski 635,000 221,470 217,410 66,603
4,330,000 853,220 722,3746) 621,147
2008
G.J. Kleisterlee 1,100,000 490,512 (314,893)3) 324,346
P-J. Sivignon 687,500 217,386 250,951 8,738
G.H.A. Dutiné 618,750 200,664 192,153 135,673
T.W.H.P. van Deursen7) 150,000 267,984 (32,885) 20,068
R.S. Provoost 620,000 247,607 192,003 26,406
A. Ragnetti 613,750 329,571 202,281 37,665
S.H. Rusckowski 8) 620,000 103,164 235,852 66,356
4,410,000 1,856,888 725,462 619,252
1) The annual incentives paid are related to the level of performance achieved in the previous year
2) The stated amounts concern (share of) allowances to members of the Board of Management that can be considered as remuneration. In a situation where such a share of an allowance
can be considered as (indirect) remuneration (for example, private use of the company car), then the share is both valued and accounted for here. The method employed by the fiscal
authorities in the Netherlands is the starting point for the value stated
3) As Mr Kleisterlee was born before January 1, 1950, he continued to be a member of the final pay plan with a pensionable age of 60. No further accrual takes place
4) Remuneration costs stated relate to period January 1 - August 31, 2010. The other compensation amount includes an amount of EUR 400,000 as a one-off payment provided in
conjunction with his departure from the Company. In addition an amount of EUR 127,555 for stock options and EUR 165,280 for restricted share rights are taken as cost in 2010 and
an additional amount of EUR 297,785 for stock options and EUR 118,919 for restricted share rights for previously granted stock options and restricted share rights that are still
outstanding
5) Annual incentive figure relates to period January 1 - March 31, 2008
6) Revised based on actual figures
7) Remuneration costs relate to period January 1 - March 31, 2008. As Mr Van Deursen was born before January 1, 1950 he continued to be a member of the final pay plan with a
pensionable age of 60. No further accrual took place
8) Annual incentive figure relates to period of board membership April 1 - December 31, 2007