Unilever 2001 Annual Report Download - page 49

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Unilever Annual Report & Accounts and Form 20-F 2001
>46
REMUNERATION REPORT
Directors’ emoluments
The aggregate emoluments of the directors were as follows:
€€££
2001 2000 2001 2000
Salary 7 856 569 7 854 620 4 886 781 4 781 108
Allowances and value of benefits in kind 1 621 230 1 265 478 1 008 404 770 297
Performance related payments (1) (2) 8 725 882 4 303 518 5 427 493 2 619 305
Total 18 203 681 13 423 616 11 322 678 8 170 710
Gains on exercise of share options (3) 2 180 129 2 075 600 1 356 039 1 263 418
The emoluments of the individual directors were as follows:
Allowances
and value of Performance Equivalent totals(5)
benefits in related Total Total
Salary kind payments(4) 2001 2000 2001 2000
Paid in euros: €€€€€££
A Burgmans (6) 1 040 000 38 633 1 183 000 2 261 633 1 300 075 1 406 736 791 356
P J Cescau (1) (7) 850 000 737 491 977 500 2 564 991 1 303 260 1 595 424 793 294
A R van Heemstra 600 000 19 595 637 500 1 257 095 653 555 781 913 397 819
A Kemner (8) 300 000 6 662 327 000 633 662 1 004 150 394 138 611 226
Paid in pounds sterling: £££££€€
N W A FitzGerald (9) 840 000 129 724 955 500 1 925 224 1 329 673 3 095 215 2 184 447
R D Brown (8) 166 667 68 641 181 667 416 975 712 799 670 378 1 171 018
A C Butler 475 000 39 985 475 000 989 985 701 057 1 591 616 1 151 728
K B Dadiseth 500 000 82 543 543 750 1 126 293 551 118 1 810 760 905 402
R H P Markham 475 000 66 054 546 250 1 087 304 686 112 1 748 077 1 127 176
Paid in US dollars: $$$$$
C B Strauss (2) 1 000 000 176 148 1 125 000 2 301 148 1 290 549 €2 570 254 1 401 304
£1 598 686 £852 974
(1) Excluded from the emoluments are incentive payments of 613 656 paid in 2001 and £318 439 paid in 2000 which relate to an
appointment prior to joining the Boards.
(2) Excluded from the emoluments is an incentive payment of $1 009 000 paid in 2001 which relates to an appointment prior to joining
the Boards.
(3) See pages 47 and 48.
(4) Includes value of shares (both ‘bonus shares’ and ‘matching shares’) awarded under the bonus scheme relating to 2001.
(5) Based on average rates for the year of £1.00 = 1.608, £1.00 = $1.439, $1.00 = 1.117 (2000: £1.00 = 1.643,
£1.00 = $1.513, $1.00 = 1.086).
(6) Chairman of NV.
(7) Allowances include 662 126 paid in respect of relocation assistance.
(8) Retired on 31 May 2001.
(9) Chairman of PLC.
For the years up to and including 1997, NV loaned the amount of taxation charged on the grant of options under Dutch
fiscal legislation to the recipients. Amounts are repaid when the options are exercised. At 31 December 2001 a total of
0.03 million (2000: 0.14 million) was loaned to the directors.
No compensation for loss of office, payments for loss of office or other termination payments were paid to directors
in 2001.
Share options
Options held by directors and employees to acquire ordinary shares of NV and PLC at 31 December 2001 are shown in
note 28 on page 79.
As at 28 February 2002 the directors and officers as a group held options to purchase the following ordinary shares:
4 118 683 shares of 1.4p
465 527 shares of 0.51
574 828 shares of 1.4p (held as 143 707 ADRs)
226 334 shares of 0.51 of the New York Registry