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CORPORATE GOVERNANCE AND INTERNAL CONTROL
2.4 Compensation of executive corporate officers
2
90
Registration Document 2016 — Capgemini
Other compensation components
Compensation components due or awarded in respect of 2016 that were presented to the Shareholders’ Meeting for
vote pursuant to the regulated agreements and commitments procedure
to vote
Amount subject
Presentation
Termination payments
€0
No entitlement to termination payments.
indemnities
Non-compete
N/A
No non-compete indemnities.
Supplementary pension
benefits
€0
No amount due in respect of the year
complies with the revised AFEP-MEDEF Governance Code issued in June 2013.
that it complies with the AFEP-MEDEF recommendations of October 6, 2009, as it
to other employee members. This plan was reviewed by an external firm which confirmed
plan (Article 39) setup in 2006 in Capgemini Service, under the same conditions applicable
Mr. Paul Hermelin is a member of the supplementary collective defined benefit pension
have been frozen as of October 31, 2015
.
The plan was closed to new beneficiaries in 2015 and rights of existing members
of retirement, to have at least 10 years of seniority, to have been a Group Executive
In order to receive benefits under this plan it is necessary to be with the Group at the time
annual social security ceiling) during 5 years at least.
Member for at least 5 years and to have a compensation level above 8 PASS (French
(fixed and variable part) from among the ten years preceding retirement.
Benefits are based on reference earnings equal to the average of the three best years
the pension amount cannot exceed:
In addition, this supplementary pension is subject to
three cumulative limits
such that
40% of reference earnings;
■
50% of reference earnings, including pensions received under all other pension plans; and
■
reference earnings are capped at 60 times the French annual social security ceiling.
■
of 3%
per annum
. Entitlement is acquired at a rate of 1.5% per year for the first 10 years of
seniority and for subsequent years only at rates of:
maximum of 30 years), reflecting the required progressive acquisition of entitlement, which
remains well below the threshold set by the AFEP-MEDEF code and the recent legal ceiling
Benefits are
proportional
to length of service (minimum of 10 years required and a
1% up to 20 PASS
2% between 20 and 40 PASS
3% between 40 and 60 PASS
Therefore, the maximum possible annual entitlement is equal to 1.83% before potential
impact of the cumulative limits. Due to the long seniority of our Chairman and Chief
corresponding to a gross amount of 901k€ or 37% of his 2016 theoretical compensation.
Executive Officer( frozen at 23 years in 2015) the value of the annual pension is estimated
at a net amount after income tax and employee social contribution of 300k€,
funds to pay the pension support a contribution of 24%. Also as the pension is higher than
8 PASS the pension supports a contribution estimated at 30% as in previous years.
The plan is financed through an external insurance company and as such the required
31/12/2016.
21 members have benefited from this regime since its launch with 9 presently active as of
Presented to the Combined Shareholders’ Meeting of April 26, 2007
Fourth resolution in respect of regulated agreements.