HSBC 2001 Annual Report Download - page 150

HSBC HOLDINGS PLC
Report of the Directors (continued)
148
Total Shareholder Return
Benchmark TSR HSBC TSR
Service contracts and terms of appointment
No executive Director has a service contract with
HSBC Holdings or any of its subsidiaries with a
notice period in excess of one year or with
provisions for predetermined compensation on
termination which exceeds one years salary and
benefits in kind save as referred to below.
Sir John Bond, who is to stand for re-election at
the forthcoming Annual General Meeting, is
employed on a rolling contract dated 1 January 1993
which requires 12 months notice to be given by
either party. There are no provisions for
compensation upon early termination of the contract.
C F W de Croisset has a contract of employment
dated 7 January 1980 that was in force before he
joined the Board of CCF. The contract has no set
term but provides for three months notice to be
given by either party. Under the terms of the contract
Mr de Croisset would be entitled to receive one
month's salary for each year of service with CCF on
termination of his employment with CCF. However,
in accordance with French legal requirements and
practice, this contract is suspended while he serves
as an executive Director of CCF.
W R P Dalton is employed on a rolling contract
dated 5 January 1998 which requires 12 months
notice to be given by either party. There are no
provisions for compensation upon early termination
of the contract.
D G Eldon, who is to stand for re-election at the
forthcoming Annual General Meeting, is employed
on a rolling contract dated 1 January 1968 which
requires three months notice to be given by either
party. There are no provisions for compensation
upon early termination of the contract.
D J Flint, who is to stand for re-election at the
forthcoming Annual General Meeting, is employed
on a rolling contract dated 29 September 1995 which
requires 12 months notice to be given by the
Company and nine months notice to be given by Mr
Flint. There are no provisions for compensation upon
early termination of the contract.
S K Green is employed on a rolling contract
dated 9 March 1998 which requires 12 months
notice to be given by either party. There are no
provisions for compensation upon early termination
of the contract.
90%
100%
110%
120%
130%
140%
150%
160%
170%
180%
190%
200%
19 Mar 99
30 Apr 99
30 Jun 99
31 Aug 99
29 Oct 99
31 Dec 99
29 Feb 00
28 Apr 00
30 Jun 00
31 Aug 00
31 Oct 00
29 Dec 00
28 Feb 01
30 Apr 01
29 Jun 01
31 Aug 01
31 Oct 01
31 Dec 01