Airbus 2015 Annual Report Download - page 238

AIRBUS GROUP FINANCIAL STATEMENTS 2015 l 56 l
Notes to the IFRSConsolidatedFinancialStatements
2.6 Employees Costs and Benefits
30.2 Employee Share Ownership Plan (“ESOP”)
In 2015, the Board of Directors approved a new ESOP. Eligible
employees were able to purchase a fixed number of previously
unissued shares at fair value (4, 6, 9, 19, 37, 74 or 148shares).
The Group matched each fixed number of shares with a number
of free AirbusGroup shares based on a determined ratio (4, 5,
6, 11, 16, 25 and 39 free shares, respectively). During a lockup
period of at least one year or, provided the purchase took place
in the context of a mutual fund (regular savings plan), of five
years, employees are restricted from selling the shares, but have
the right to receive all dividends paid. Employees who directly
purchased AirbusGroup shares have, in addition, the ability to
vote at the annual shareholder meetings. The subscription price
was equal to the closing price at the Paris stock exchange on
26February 2015 and amounted to € 51.63. Investing through
the mutual fund led to a price which corresponds to the average
price at the Paris stock exchange during the 20 trading days
immediately preceding 26February 2015, resulting in a price
of € 49.70. The Group issued and sold 477,985 ordinary shares
with a nominal value of € 1.00 each. Compensation expense
(excluding social security contributions) of € 25million was
recognised in connection with ESOP.
An ESOP 2014 was not implemented.
31. Remuneration
31.1 Remuneration – Executive Committee
The Group’s key management personnel consist of Members of the Executive Committee and Non-Executive Board Members.
The Chief Executive Officer (CEO), who chairs the Executive Committee, is the sole Executive Board Member. The annual
remuneration and related compensation costs of the key management personnel as expensed in the respective year can be
summarised as follows:
2015 2014
(In € million) Total Total
Executive Committee, including Executive Board Member 
Salaries and other short-term benefits (including bonuses) 23.2 23.2
Post-employment benefit costs 7.5 8.7
Share-based remuneration (“LTIP award”, including associated hedge result) 15.4 16.7
Termination benefits 3.5 4.1
Other benefits 0.8 0.6
Social charges 6.5 4.9
Non-Executive Board Members 
Short-term benefits (including social charges) 1.5 1.5
Total expense recognised 58.4 59.7
For additional information regarding the remuneration of Executive Committee Members (including the CEO), please also refer to
the Report of the Board of Directors, chapter4.4 “Remuneration Report”.
Salaries and Other Short-Term Benefits (Including Bonuses)
The amount of bonuses is based on estimated performance
achievement as at the balance sheet date and difference
between previous year estimation and actual pay-out in the
current year. Outstanding short-term benefits (bonuses) at
year-end 2015 for Executive Committee Members based
on estimated performance achievement at year-end was
€ 13.4million (2014: € 14.9million).
In 2015, the Company does not recognise any high salary
taxes for Executive Committee Members subject to French tax
jurisdictions under the “Taxe sur les hauts revenus”, requiring for
2014 and 2015 exceptional 50% charges on individual annual
remuneration exceeding € 1million (2014: € 3.6million).
Financial Statements 2015
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QRegistration Document 2015
Annual Report 2015 Financial Statements 2015