Compagnie des Alpes - 2017 Registration Document

3 CORPORATE GOVERNANCE Remuneration of corporate officers

SUMMARY TABLE OF COMPENSATION ELEMENTS DUE OR AWARDED TO AGNÈS PANNIER-RUNACHER, DEPUTY CHIEF EXECUTIVE OFFICER (“SAY ON PAY”) (1)

Amounts due or awarded for fiscal year 2016/2017

Compensation elements Fixed remuneration Variable remuneration

Comments

€260,000 €130,000

Gross fixed remuneration for 2016/2017

i.e. 50% of the basic annual salary. Information is provided above on the targets on which the variable part is dependent and how their achievement is assessed.

Multi-year variable remuneration

N/A

Agnès Pannier-Runacher does not receive any multi-year variable remuneration.

Directors’ fees

N/A

None of the executive officers of CDA receives Directors’ fees for the mandates held within the Group.

Exceptional remuneration N/A Profit-sharing agreement €19,538

Agnès Pannier-Runacher does not receive any exceptional compensation.

Agnès Pannier-Runacher benefits from the profit-sharing agreement in force within CDA. As is the case for the Chairman and Chief Executive Officer, Agnès Pannier-Runacher is not a beneficiary of the performance share plans. Agnès Pannier-Runacher will receive a departure bonus upon leaving the Group as a result of dismissal (except in the case of serious misconduct or gross negligence). This will be equal to two years’ compensation (last fixed + variable compensation), subject to the achievement of individual and Group performance criteria that have been verified by the Board. This commitment, which was submitted for the prior approval of the Board on 18 December 2012, was approved by the Shareholders’ Meeting of 14 March 2013. Agnès Pannier-Runacher is a member of the complementary retirement scheme applicable to the Group’s senior officers and senior executives. This comprises a defined-contribution plan and a defined-benefit plan that guarantees, upon retirement, a pension equal to 1% of her last annual compensation (fixed + variable) per year of seniority, up to a maximum of 10% of this last compensation. This commitment, which was subject to prior approval by the Board meeting of 18 December 2012, was approved by the Shareholders’ Meeting of 14 March 2013. Agnès Pannier-Runacher is covered by the collective health and pension plan in operation at CDA, in the same way and under the same conditions as other employees. Agnès Pannier-Runacher is not subject to a non-competition clause.

Stock option or performance share grants Welcome or severance package

N/A

No payment

Non-competition indemnity Complementary retirement plan

N/A

The actuarial obligation at 30 September 2017 was €184,417.

Complementary health and pension plan

-

Benefits of all kinds

€3,673

Agnès Pannier-Runacher has been allocated a company car.

(1) As the Company closed its accounts on 30 September, the 2016/2017 fiscal year was not affected by the ex ante vote of the Sapin II Law. The compensation of executive corporate officers for this fiscal year will therefore be presented to the shareholders in accordance with the AFEP-MEDEF Code (consultative vote).

53

Compagnie des Alpes I 2017 Registration Document