Audi 2007 Annual Report Download - page 230
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227
ditions of conversion being met. The value of the stock options totaled EUR 1,266 thousand
on December 31, 2007. This calculation is based on a binominal model and takes all param-
eters of the stock option plan into account.
Under certain circumstances, members of the Board of Management are entitled to re-
tirement benefits and a disability pension. The amount of EUR 2,064 (577) thousand was
allocated to the provisions for pensions for current members of the Board of Management
during the 2007 fiscal year; the provisions for pensions on December 31, 2007, totaled
EUR 7,116 (7,454) thousand.
Former members of the Board of Management and their survivors received payments to-
taling EUR 1,957 (1,359) thousand. The provisions for pensions for this group of individuals
amount to EUR 21,083 (22,175) thousand.
The members of the Board of Management, together with their seats on other supervi-
sory boards and regulatory bodies – pursuant to Section 285, Sentence 1, No. 10, of the
German Commercial Code and Section 125, Para. 1, Sentence 3, of the German Stock Corpo-
ration Act – are indicated in the Notes to the Financial Statements of AUDI AG.
The basic features of the remuneration paid to members of the Supervisory Board are
stipulated in Section 16 of the Articles of Incorporation and Bylaws. The total short-term
remuneration comprises fixed and variable components. The level of the variable remunera-
tion components is based on the compensatory payment made for the 2007 fiscal year in
accordance with the applicable provision in the Articles of Incorporation and Bylaws. The
remuneration paid to members of the Supervisory Board of AUDI AG totaled EUR 558 (459)
thousand, including EUR 175 (172) thousand in fixed remuneration components and
EUR 383 (287) in variable remuneration components.