Merck 2010 Annual Report Download - page 118
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The individual values are presented in the following table:
Pensionable compensation
in EUR thousand Percentage entitlement
Dr. Karl-Ludwig Kley 790 70
Dr. Michael Becker 560 75
Dr. Bernd Reckmann 470 54
Elmar Schnee 570 46
The percentage entitlement increases up until retirement annually by 1% up to 65% for Dr. Reckmann and annually by
3% up to 70% for Mr. Schnee.
The following amounts were added to pension provisions in 2010:
Additions to pension provisions Amount of pension
provisions as of
Dec. 31, 2010EUR thousand 2010 2009
Dr. Karl-Ludwig Kley 2,162 1,890 6,966
Dr. Michael Becker 1,216 1,218 6,055
Dr. Bernd Reckmann 829 801 3,616
Elmar Schnee 777 802 2,442
Total 4,984 4,711 19,079
The surviving dependents’ pension grants the spouse a lifelong surviving dependents’ pension
amounting to 60% of the pension entitlement, dependent children either a half-orphan’s or an
orphan’s pension maximally until the age of 25.
Above and beyond existing pension obligations, no further obligations exist in the event of the
premature termination of the contractual relationships of the Executive Board members.
Merck Annual Report 2010 114