"Following deliberations, the Supervisory Board unanimously decided to approve an addendum to Jean-Pascal Tricoire’s service contract that details the compensation payable to Mr. Tricoire in the event of termination or resignation and makes such compensation contingent on performance. Payment will depend on the mathematical average of the rate of achievement of performance objectives used to determine the variable portion of Mr. Tricoire’s remuneration for the three full years preceding the date of Board Meeting at which the decision is made.
If the mathematical average is:
- Less than 50%, no compensation will be paid.
- Equal to 50%, 75% of the compensation will be paid.
- Greater or equal to 100%, 100% of the compensation will be paid./li>
- Between 50% and 100%, compensation will be calculated on a straight line basis at a rate of between 75% and 100%.”
