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15
Compensation andBenefits of Directors and Senior Executives
Executive Compensation
135
Worldline
2016 Registration Document
minimum payment.
a variable compensation, subject to performance conditions,
●
annual target being equal to €
480,000, with a maximum
payment capped at 130% of the target variable
compensation in case of over-performance and no
The performance objectives remain set and reviewed on a
half-year basis and fully aligned with the Company Ambitions, as
they are regularly presented to the shareholders.
The portion of the fixed and variable compensation of Mr. Gilles
Grapinet relating to his duties within the Atos Group is increased
under the same proportion.
The
benefits in kind
remain unchanged.
2016, the so-called “Sapin 2” law, a resolution including the
principles and criteria for setting, allocating, and granting the
fixed, variable, long-term and exceptional elements making up
the total compensation and all fringe benefits of the Executive
Director will be submit to the shareholders’ vote, during the next
Annual General Meeting of the Company.
In accordance with the provisions of the law of December
9,
The re-charging conditions of the compensation of Mr. Gilles
Grapinet relating to his duties of Company CEO, by Atos SE,
remain unchanged.
Summary of the Compensation, Stock-Options and Performance
15.2.3
Shares granted to the Executive Directors – AMF Table
1
(in €)
2016
2015
Thierry Breton – Chairman
Related to
Atos
Related to
Worldline
Related to
Atos
Related to
Worldline
Due remuneration for the relevant year
3,013,729
-
2,799,533
-
Value of options granted during the year
-
-
-
-
Value of Performance Shares granted during the year
2,456,445
-
2,142,282
-
Total
5,470,174
-
4,941,815
-
Group in 2016, have been valued based on fair value as
determined pursuant to IFRS
2 standard retained for the
consolidated financial statements.
General Meeting held on May
26, 2016 (20
th
resolution), after
modulation according to the effective performance of the Atos
As a reminder, performance shares granted by the Atos Board
of Directors to the Atos Chairman and CEO, on July
28, 2015
according to the authorization granted by the Atos
shareholders’ Combined General Meeting held on May
27, 2014
(22
nd
resolution), and on July
26, 2016, according to the
authorization granted by the Atos shareholders’ Combined
(in €)
2016
2015
Gilles Grapinet – CEO
Related to
Atos
Related to
Worldline
Related to
Atos
Worldline
Related to
Due remuneration for the relevant year
494,344
840,167
442,801
827,797
Value of options granted during the year
-
-
-
363,670
Value of Performance Shares granted during the year
365,099
646,643
355,823
-
Total
859,443 1,486,810 798,624 1,191,467
As a reminder, performance shares granted by the Atos Board
of Directors to the Company CEO, on July
28, 2015 according to
the authorization granted by the Atos shareholders’ Combined
General Meeting held on May
27, 2014 (22
nd
resolution), and on
July
26, 2016, according to the authorization granted by the
Atos shareholders’ Combined General Meeting held on May
26,
2016 (20
th
resolution), after modulation according to the
effective performance of the Atos Group in 2016, have been
valued based on fair value as determined pursuant to IFRS
2
standard retained for the consolidated financial statements.
(18
th
resolution), as well as the performance shares granted on
July
25, 2016 according to the authorization granted by the
Company shareholders’ Combined General Meeting held on
May
26, 2016 (23
rd
resolution) have been valued based on fair
value as determined pursuant to IFRS
2 standard retained for
the consolidated financial statements. Regarding the
performance shares granted on July
25, 2016, a multiplier
coefficient of 100% has been taken into account to calculate the
number of performance shares granted to the CEO during the
concerned period.
Similarly, the Worldline Stock-Options granted by the Worldline
Board of Directors to the Company CEO, on September
1, 2015
according to the authorization granted by the Company
shareholders’ Combined General Meeting held on June
13, 2014