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Management Report Proximus PLC under Belgian Public Law

Remuneration overview of the members of the Executive Committee REMUNERATION

Other members of the Executive Committee

CEO 2016

2017

2016

2017

Basic remuneration

505,005 €

515,108€

2,497,345 €

2,253,540€

Direct short-term variable remuneration

119,400 €

108,020€

1,583,327 €

1,105,537 €

59,475 €

119,175€

0€

0€

0€

0€

982,000 €

1,005,000 €

169,666 €

181,243€

919,496 €

516,193 € *

12,463 €

13,357€

107,605 €

108,433 €

866,009 €

936,903€

6,089,773 €

4,988,703 €

0€

0€

0€

0€

866,009 €

936,903€

6,089,773 €

4,988,703 €

Deferred short-term variable remuneration Long-Term variable remuneration Retirement and post-employment benefits Other benefits SUBTOTAL (excl. employer’s social contribution) Termination benefits TOTAL (excl. employer’s social contribution)

* Year-over-year decrease related to the retirement of an ExCo member All these amounts are gross amounts before employer’s social contribution.

Main provisions of the contractual relationships Contractual agreement related to the mandate of the CEO

Main contractual terms of the other Executive Committee members

In January 2014, Mrs. Dominique Leroy has started her sixyear mandate as CEO. She has a contract as a self-employed executive and is thus not subject to employers’ social security charges.

All other members of the Executive Committee, who are all bound by a non-competition clause prohibiting them for 12 months after leaving the Group from working for any other mobile or fixed licensed operator active on the Belgian market. If activated by our company, they would receive an amount equal to six months’ base salary as compensation.

The CEO is bound by a non-competition clause, prohibiting her for 12 months after leaving the Group from working for a competitor of our company in Belgium and in those countries where the Group generates at least 5% of its consolidated revenues. If activated by our company, she would receive an amount equal to one year’s base salary as compensation. The CEO is also bound by exclusivity and confidentiality obligations and is liable for respecting the company codes and policies, like the Code of Conduct and the Dealing Code.

Just like the CEO, the other members of the Executive Committee are also bound by exclusivity and confidentiality obligations and is liable for respecting the company codes and policies, like the Code of Conduct and the Dealing Code. They have a contractual termination clause which foresees an indemnity of one year’s remuneration.

If the CEO mandate is revoked before the end of the six-year term, our company will pay her a contractual termination indemnity equal to one year’s base salary.

Proximus Group Annual Report 2017

p. 33

Management Report Proximus PLC - 2017  
Management Report Proximus PLC - 2017