Ryanair 2010 Annual Report Download - page 179

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177
(a) Fees and emoluments - executive director
Year ended
March 31,
2010
Year ended
March 31,
2009
Year ended
March 31,
2008
1M 1M 1M
Basic salary................................................................................................
.....
0.6
0.5
0.6
Bonus (performance and target-related)................................
..........................
0.2
0.5
0.5
Pension contributions................................................................
......................
0.1
0.1
0.1
0.9
1.1
1.2
During the years ended March 31, 2010, 2009, and 2008 Michael O’Leary was the only executive
director. In fiscal year 2009, Michael O’Leary chose to surrender 10% of his basic salary. For the fiscal year
ended March 31, 2010, as part of a company-wide pay freeze, Mr. O’Leary did not receive a salary increase and
his bonus payment was reduced to 1241,000 from 1470,000 in fiscal year ended March 31, 2009.
(b) Fees and emoluments – non-executive directors
Year ended
March 31,
2010
Year ended
March 31,
2009
Year ended
March 31,
2008
1M 1M 1M
Fees
Emmanuel Faber................................................................
.............................
0.05
0.05
0.05
Michael Horgan ................................................................
..............................
0.03
0.03
0.03
Klaus Kirchberger................................................................
...........................
0.03
0.03
0.03
Kyran McLaughlin................................................................
..........................
0.05
0.05
0.05
James R. Osborne ................................................................
...........................
0.05
0.05
0.05
Paolo Pietrogrande................................................................
..........................
0.03
0.03
0.03
0.24
0.24
0.24
Emoluments
Michael Horgan ................................................................
..............................
0.04
0.04
0.04
0.28
0.28
0.28
(c) Pension benefits
Director
Increase in
Accrued Benefit
Transfer Value
Equivalent of Increase in
Accrued Benefit
Total Accumulated
Accrued Benefit
Fiscal
2010
Fiscal
2009
Fiscal
2008
Fiscal
2010
Fiscal
2009
Fiscal
2008
Fiscal
2010
Fiscal
2009
Fiscal
2008
1 1 1 1 1 1 1 1 1
Michael O’Leary
.....
- 2,797 12,138 - 19,298 76,474 139,326 139,326 132,552
As of October 1, 2008, Michael O’Leary is no longer an active member of the defined-benefit plan;
rather, he is a deferred member of the scheme with continuing accrued benefits. He is now also a member of a
defined-contribution plan. The cost of the death-in-service and disability benefits provided during the financial
year is not included in the above figures. No pension benefits are provided for non-executive directors. The
pension benefits set out above have been computed in accordance with Section 6.8 of the Listing Rules of the
Irish Stock Exchange. The increases in transfer values of the accrued benefits have been calculated as at each
year-end in accordance with Actuarial Standard of Practice PEN-11.