Nokia 2006 Annual Report Download - page 190

Notes to the Consolidated Financial Statements (Continued)
33. Related party transactions (Continued)
(3) The 2006 and 2005 fees of Mr. Collins amounted to a total of EUR 162 500, consisting of a fee of
EUR 137 500 for services as Vice Chairman of the Board and EUR 25 000 for services as Chairman of
the Personnel Committee. The 2004 fee of Mr. Collins amounted to a total of EUR 150 000,
consisting of a fee of EUR 125 000 for services as Vice Chairman of the Board and EUR 25 000 for
services as Chairman of the Personnel Committee.
(4) The 2006 and 2005 fees of Mr. Ehrnrooth amounted to a total of EUR 120 000, consisting of a fee
of EUR 110 000 for services as a member of the Board and EUR 10 000 for services as a member of
the Audit Committee. The 2004 fee of Mr. Ehrnrooth amounted to EUR 100 000 for services as a
member of the Board.
(5) The 2006 and 2005 fees of Mr. Hesse amounted to EUR 110 000 for services as a member of the
Board.
(6) The 2006 and 2005 fees of Mr. Holmstr¨om amounted to EUR 110 000 for services as a member of
the Board. The 2004 fee of Mr. Holmstr¨om amounted to EUR 100 000 for services as a member of
the Board.
(7) The 2006 and 2005 fees of Mr. Karlsson amounted to a total of EUR 135 000, consisting of a fee of
EUR 110 000 for services as a member of the Board and EUR 25 000 for services as Chairman of
the Audit Committee. The 2004 fee of Mr. Karlsson amounted to a total of EUR 125 000, consisting
of a fee of EUR 100 000 for services as member of the Board and EUR 25 000 for services as
Chairman of the Audit Committee.
(8) The 2006 and 2005 fees of Ms. Scardino amounted to EUR 110 000 for services as a member of the
Board. The 2004 fee of Ms. Scardino amounted to EUR 100 000 for services as a member of the
Board.
(9) The 2006 fee of Mr. Suila amounted to a total of EUR 120 000, consisting of a fee of EUR 110 000
for services as a member of the Board and EUR 10 000 for services as a member of the Audit
Committee. Mr. Suila is a Nokia Board member since 2006.
(10) The 2006 and 2005 fees of Mr. Vainio amounted to a total of EUR 120 000, consisting of a fee of
EUR 110 000 for services as a member of the Board and EUR 10 000 for services as a member of
the Audit Committee. The 2004 fee of Mr. Vainio amounted to EUR 100 000 for services as a
member of the Board.
(11) Edouard Michelin was paid the gross annual fee of EUR 110 000 for services as a member of the
Board prior to his accidental death in May 2006. This amount included 2 356 shares. The 2005 fee
of Mr. Michelin amounted to EUR 110 000 for services as a member of the Board, which amount
included 3 340 shares.
(12) Arne Wessberg served as a member of the Board until March 30, 2006. The 2005 fee of
Mr. Wessberg amounted to a total of EUR 120 000, consisting of a fee of EUR 110 000 for services
as a member of the Board and EUR 10 000 for services as a member of the Audit Committee. The
total amount included 3 644 shares. The 2004 fee of Mr. Wessberg amounted to EUR 100 000 for
services as a member of the Board, which amount included 3 223 shares.
Retirement benefits of certain Group Executive Board Members
Jorma Ollila’s service contract ended as of June 1, 2006, after which he is not eligible to receive any
additional retirement benefits from Nokia. OlliPekka Kallasvuo can, as part of his service contract,
retire at the age of 60 with full retirement benefit should he be employed by Nokia at the time. The
full retirement benefit is calculated as if Mr. Kallasvuo had continued his service with Nokia through
the statutory retirement age of 65. Hallstein Moerk, following his arrangement with a previous
employer, has also in his current position at Nokia a retirement benefit of 65% of his pensionable
salary beginning at the age of 62. Early retirement is possible at the age of 55 with reduced
benefits. Simon BeresfordWylie participates in the Nokia International Employee Benefit Plan
(NIEBP). The NIEBP is a defined contribution retirement arrangement provided to some Nokia
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