143 / 354
15
Compensation andBenefits of Directors and Senior Executives
Compliance of the total Executive Director Compensationwith the recommendations of
the AFEP-MEDEF Code
143
Worldline
2016 Registration Document
Change of the terms and conditions for determining
the amount of the pension supplement
The annual amount of the pension supplement is 0.625% of
●
compensation is the average of the last sixty monthly
compensation multiplied by twelve;
the reference compensation per entire calendar quarters of
seniority recognized by the scheme. The reference
For the assessment of this reference compensation, only the
●
followings are taken into account:
the basic compensation,
●
the annual bonus actually paid excluding any other form
●
of variable compensation. This annual bonus is taken into
account within the cap of 130% of the basic compensation.
Entire calendar quarters of seniority are only taken into account
Board of Directors are achieved.
to assess the amount of the pension supplement if they relate to
a year during which the performance conditions set by the
Cap on the pension supplement:
The annual amount of the pension supplement paid under the
present scheme cannot be superior to the difference between:
33% of the reference compensation above mentioned;
●
supplementary pensions.
And the annual amount of the basic, complementary and
●
of
the AFEP-MEDEF Code
Compliance of the total Executive Director
15.5
Compensationwith the recommendations
AFEP and the MEDEF (the “AFEP-MEDEF Code”), in particular, to
the conditions of compensation of Executive Directors, and to
Company commits to comply with all of the recommendations
of the Corporate Governance Code for Listed Companies of the
implementation by the Company of these governance
principles.
regularly report thereon. The Board of Directors of the Company
met on March
28, 2017 to perform the annual review of the
Since the listing of the Company’s shares on Euronext Paris, the
compensation, are compliant with the AFEP-MEDEF Code
recommendations.
the Company, in particular regarding the Executive Director’s
The Board assessed the implementation of these provisions by
the Company and considered that the governance practices of
Pensions, Retirement Plans or Other Benefits
Amount of Provisions Made or Recorded by the
15.6
Company or by its Subsidiaries for the Payment of
The Company has not provisioned any amounts for payments of pensions, retirements or other similar benefits to its Directors.