2014 Registration Document and Annual Financial Report - page 150

Corporate GOVERNANCE
Statutory Auditors’ special report on related party agreements and commitments
3
These performance criteria would be applied as follows:
yy
if all three criteria were met, the compensation would be payable in full,
yy
if two of the three criteria were met, half of the compensation would be payable,
yy
if none or only one of the three criteria were met, no compensation would be due.
b)
Type of commitment and purpose:
Inclusion of Mr. Sebastien Bazin in the supplementary pension plan set up for Accor senior
executives.
Terms and conditions:
The Board of Directors authorized Mr. Sebastien Bazin’s inclusion in the supplementary pension plan whose members comprise several
dozen Accor senior executives.
Under the terms of this overall plan, except in specific cases provided for by law, if a plan member leaves the Group before retirement,
he or she only retains the rights accrued under the defined contribution plan (based on annual employer contributions of up to 5% of
five times the annual cap on the basis for calculating social security contributions) and forfeits the rights accrued under the defined
benefit plan.
The pension annuities payable to Mr. Sebastien Bazin on retirement would not exceed 30% of his end-of-career salary and the overall
replacement rate to which he would be entitled (under government-sponsored plans and the Accor supplementary pension plan) is
capped at 35% of the average of his best three years’ compensation (fixed plus variable) in the ten years prior to retirement.
In respect of 2014, the Company paid €9,387 under this plan.
c)
Type of commitment and purpose:
Private unemployment insurance plan.
Terms and conditions:
The Board of Directors authorized the Company to set up a private insurance plan with
Association pour la Garantie Sociale des Chefs
et Dirigeants d’Entreprise
(GSC) to provide Mr. Bazin with unemployment benefits should the need arise. The benefits under this
plan would be paid as from the 31
st
unbroken day of unemployment. The maximum length of time that Sebastien Bazin could be paid
benefits under the plan is currently 12 months, but will be increased to 24 months once he has been a member of the plan for one year.
The premiums paid by the Company to GSC in 2014 on behalf of Mr. Bazin amounted to €11,828.
AGREEMENTS AND COMMITMENTS ALREADY APPROVED BY SHAREHOLDERS
A. Agreements and commitments approved in prior years or at the April 29, 2014
Shareholders’ Meeting that were implemented during 2014
Pursuant to Article R.225-30 of the Commercial Code, we have been advised of the following agreements and commitments that were
approved by shareholders and were implemented during 2014.
1. With Sven Boinet, Deputy Chief Executive Officer
Type of commitment and purpose:
Employment contract with Mr. Sven Boinet
Terms and conditions:
The Board of Directors authorized the Company to enter into an employment contract with Mr. Sven Boinet covering his position as
Director of Human Resources and Legal Affairs. Pursuant to this contract, Mr. Sven Boinet receives a gross annual salary of €400,000,
paid in twelve equal monthly installments.
Under his employment contract, Mr. Sven Boinet is eligible for membership in the defined contribution and defined benefit supplementary
plans set up within the Company whose members comprise several dozen Accor Group senior executives.
Registration Document 2014
148
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