Reebok 2007 Annual Report Download - page 35

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031
ANNUAL REPORT 2007 --- adidas Group
01
Share-based
Non-performance- Performance-related component
related components components (MSOP)
To
t
al
Fixed Other Performance LTIP Bonus
annual salary benefi ts Bonus 2006 / 20081)
Herbert Hainer (Chairman and CEO)
Glenn Bennett 2)
Robin J. Stalker
Erich Stamminger
T
ota
l
1
)
Payment of this bonus will be made only upon achievement of LTIP tar
g
ets and after the approval of the consolidated annual fi nancial statements for the period endin
g
December 31, 2008
.
2) In accordance with Glenn Bennett’s contract, the following compensation components were granted in US dollars: fi xed annual salary $ 588,000, other benefi ts $ 269,000,
P
erformance Bonus $ 800,000. An exchange rate of 1.2562 $ / € (annual average rate 2006) was used as the basis for calculation
.
3
) Also contains a tax ad
j
ustment due to different tax rates in Germany and the USA.
EXECUTIVE BOARD TOTAL COMPENSATION IN 2007
€
in th
ousa
n
ds
Share-based
Non-performance- Performance-related component
related components components (MSOP) Tota
l
Fixed Other Performance LTIP Bonus
annual salary benefi ts Bonus 2006 / 20081)
Herbert Hainer (Chairman and CEO)
Glenn Bennett 2)
Robin J. Stalker
Erich Stamminger
Total
1) Payment of this bonus will be made only upon achievement of LTIP tar
g
ets and after approval of the consolidated annual fi nancial statements for the period endin
g
December 31, 2008.
2
)
In accordance with Glenn Bennett’s contract, the followin
g
compensation components were
g
ranted in US dollars: fi xed annual salary
$
600,000, other benefi ts
$
326,595,
P
erformance Bonus
$
900,000. An exchange rate of 1.3709
$
/ €
(
annual average rate 2007
)
was used as the basis for calculation
.
3
) Also contains a tax adjustment due to different tax rates in Germany and the USA.
1,120 23 1,680 1,360 515
4
,6
98
438 2383) 657 680 0
2,
01
3
500 11 680 680 0 1,
8
71
600 35 1,230 680 0
2
,54
5
2,658 307 4,247 3,400 515 11,127
5
7
1,120 23 1,500 800 343 3
,
786
468 2143) 637 400 0 1,71
9
485 12 600 400 260 1
,
757
600 54 1,100 400 0
2,
15
4
2,673 303 3,837 2,000 603 9,416
3
7
EXECUTIVE BOARD TOTAL COMPENSATION IN 2006
€
in thousand
s
RESPONSIBILITY ASSIGNED TO GENERAL COMMITTEE In accordance with its Rules of Procedure, our Supervisory Board has
assigned all matters relating to the structure and appropriateness of the level of Executive Board compensation to its
co- determined General Committee. see Supervisory Board Report, p. 020 This committee considers all compensation elements to be
appropriate, both individually and in total. Criteria for the appropriateness of the compensation are the Group’s size and global
orientation as well as its fi nancial position. In addition, the tasks and contribution of each Executive Board member to the Group’s
success, his individual performance as well as the performance of the entire Executive Board are taken into consideration.
1) This Compensation Report is an integral component of the audited Group Management Report and Notes and is also part of the Corporate Governance Report.