EasyJet 2012 Annual Report Download - page 61

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What are the terms of appointment of the Non Executive Directors?
Non Executive Directors
Details of the service contracts and letters of appointment currently in place for Directors who served during the year are as follows:
Date of current service contract
or letter of appointment
Unexpired term at
30 September 2012 Notice period
Provision for
compensation
Sir Michael Rake 1 June 2012 2 years 8 months 3 months None
Charles Gurassa 27 June 2011 1 year 9 months 3 months None
David Bennett 27 September 2010 1 year 3 months None
Keith Hamill 1 March 2012 2 years 5 months 3 months None
John Browett 27 September 2010 1 year 3 months None
Professor Rigas Doganis 27 September 2010 1 year 3 months None
Adèle Anderson 1 September 2011 1 year 11 months 3 months None
Andy Martin 1 September 2011 1 year 11 months 3 months None
Non-Executive Directors do not have service contracts and are not entitled to compensation on loss of office. The required notice from
the Company is three months in all cases.
How are the Non Executive Directors remunerated?
The Board as a whole determines the remuneration of the Company’s Non Executive Directors, with Non Executive Directors
exempting themselves from discussions and voting.
Our Non Executive Directors are paid an annual fee, however do not participate in any of the Company’s incentive schemes.
The Chairman’s fees are currently £300,000 per annum and the Deputy Chairman’s basic fees are £80,000 per annum.
The other Non Executive Directors’ fees as at 30 September 2012 are as follows:
Per annum
Basic fee £55,000
Chairmen of the Audit and Remuneration Committees £10,000
Governance
easyJet plc
Annual report and accounts 2012 59