Porsche 2009 Annual Report Download - page 32

Remuneration of the members of the executive board according to
Sec. 314 (1) No. 6a German Commercial Code (HGB)1
1 The figures in the table above take into account the deconsolidation of the Porsche Zwischenholding GmbH group and of the Volkswagen
group as required for the purpose of group reporting in accordance with IFRSs. In addition to the remuneration for service on Porsche SE’s
executive board, the figures for the Porsche SE group include remuneration paid to Michael Macht and Thomas Edig in the Porsche
Zwischenholding GmbH group from 1 August 2009 to 7 December 2009 and remuneration paid to Prof. Dr. Martin Winterkorn and Hans
Dieter Pötsch in the Volkswagen group from 25 November 2009 to 3 December 2009.
2 Mr. Macht left the executive board of Porsche SE and the executive board of Porsche AG at the end of the day on 30 September 2010.
Post-employment benefits
The members of Porsche SE’s executive board
do not receive any pension benefits from the company.
Executive board members Professor
Dr. Martin Winterkorn and Hans Dieter Pötsch receive
a pension commitment for their service for the Volks-
wagen group. The pension is determined as a per-
centage of the fixed basic salary. Starting from a rate
of 50 percent, the individual percentage rate in-
creases by two percentage points per year of
service at the company. The maximum rate deter-
mined by the executive committee of Volkswagen
AG’s supervisory board is 70 percent.
Michael Macht and Thomas Edig were mem-
bers of the executive board of Porsche SE and the
executive board of Porsche AG in the reporting period.
The members of the executive board of Porsche AG
are entitled to future benefits from this company
which as a rule range between 25 percent and 40
percent of the most recent basic salary depending on
their years of service.
As of the end of the reporting period, Por-
sche SE did not have any pension obligations due to
former members of the executive board and their sur-
viving dependants. The obligations of 45.5 million
Non-performance- Performance- Total
related components related components
thereof
long-term
incentive
Prof. Dr. Martin Winterkorn
(since 25 November 2009)
Porsche SE group 553,570 120,822 – 674,392
thereof Porsche SE 511,644 – – 511,644
Thomas Edig
Porsche SE group 789,424 535,226 321,136 1,324,650
thereof Porsche SE 500,000 – – 500,000
Michael Macht 2
Porsche SE group 965,741 706,849 – 1,672,590
thereof Porsche SE 500,000 – – 500,000
Hans Dieter Pötsch
(since 25 November 2009)
Porsche SE group 364,528 61,644 – 426,172
thereof Porsche SE 341,096 – – 341,096
Total
Porsche SE group 2,673,263 1,424,541 321,136 4,097,804
thereof Porsche SE 1,852,740 – – 1,852,740
Corporate governance report
32