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58 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
OF TOMTOM NV
7. EMPLOYEE BENEFITS
Pension scheme
The Group’s pension plans are classified as defined contribution plans, limiting the employer’s legal obligation to
the amount it agrees to contribute during the period of employment.
Employees in the United States are offered the opportunity to participate in the 401K pension plan, which involves
no contribution or obligation from the Group besides withholding and paying the employee contribution.
Remuneration policy for members of the Management Board and the Supervisory Board
The remuneration policy for members of the Management Board is drawn up and approved by the Supervisory
Board.
In accordance with the Dutch Corporate Governance Code as issued on 9 December 2003, the remuneration of
Supervisory Board members does not depend on the results of the Company. The Company does not grant either
stock options or shares to its Supervisory Board members and the Company does not provide loans to them.
The total remuneration paid to or on behalf of members of the Management Board in the year ended
31 December 2007 amounted to approximately €2.3 million (2006: €2.0 million), of which approximately 65%
represented bonus payments (2006: 60%). The maximum bonus is calculated as 1% of profit before tax and
shared equally across all members of the Senior Management Team, including the members of the Management
Board, provided that certain financial and individual targets are met. The financial targets make up 90% of the
bonus and the individual targets make up 10% of the bonus. In 2007 the bonus granted to management amounted
to 0.93% of profit before tax.
Overview of salaries, performance related bonuses and other emoluments
Other Total
Salary Bonus emoluments1remuneration
2007
Management Board
Harold Goddijn 194,400 497,884 0 692,284
Alexander Ribbink 194,400 497,884 19,308 711,592
Marina Wyatt 358,892 497,884 36,091 892,867
Total 747,692 1,493,652 55,399 2,296,743
2006
Management Board
Harold Goddijn 194,400 394,420 0 588,820
Alexander Ribbink 194,400 394,420 17,790 606,610
Marina Wyatt 352,941 394,420 28,920 776,281
Total 741,741 1,183,260 46,710 1,971,711
1 The other emoluments do not include share-based payment costs. An overview of share-based payments is given in the tables below.
Five other senior executives were designated as key management in 2007. The total remuneration for these
senior executives amounted to €3.5 million (2006: €3.0 million).
The following tables summarise information about share options and performance shares granted to members of
the Management Board.
Stock option plan
Outstanding Granted Exercised Outstanding Exercise price
1Jan 2007 in 2007 in 2007 31 Dec 2007 in Euro Expiry date
Alexander Ribbink 1,499,992 0 0 1,499,992 3.75 1 November 2009
1,499,992 0 0 1,499,992 28.82 10 November 2012
Marina Wyatt 500,000 0 0 500,000 26.44 10 August 2012
500,000 0 0 500,000 33.96 9 November 2013
Total 3,999,984 0 0 3,999,984
For a description of the stock option plan, referenceis made to note 21: Share-based compensation.