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40 Remuneration Committee Report Aer Lingus Group Plc – Annual Report 2010
Audited information
Table 2.1 Individual Directors’ remuneration for the year ended 31 December 2010
Basic salary
and fees
Pension
contribution
Performance
related bonus
Other benefi ts
(1)
Total
2010
Total
2009
€’000 €’000 €’000 €’000 €’000
Christoph Mueller (2) 475 119 483 55 1,132 171
Andrew Macfarlane (3) (4) (5) 80 26 94 9 209 -
555 145 577 64 1,341 171
Colm Barrington 126 - - - 126 142
David Begg 32 - - - 32 36
Montie Brewer (6) 30 - - - 30 -
Leslie Buckley 32 - - - 32 24
Thomas Corcoran 32 - - - 32 36
Laurence Crowley 32 - - - 32 36
Ivor Fitzpatrick (7) 40 - - - 40 45
Danuta Gray 32 - - - 32 36
Francis Hackett 30 - - - 30 36
Colin Hunt 32 - - - 32 36
Michael Johns 32 - - - 32 36
Anne Mills (8) 8 - - - 8 36
Thomas Moran 32 - - - 32 36
Nicola Shaw (9) 30 - - - 30 -
520 - - - 520 535
Total 1,075 145 577 64 1,861 706
(1) Other benefits relate principally to car allowances, medical/life assurance and the reimbursement of certain relocation expenses.
(2) In addition to the amounts above, an amount has been charged to the income statement in relation to the estimated cost of shares which could
vest under the share option award and conditional share award granted to Mr. Mueller prior to his appointment as a director and in relation to
the estimated cost of shares which could vest under the 2010 LTIP. In respect of the share option award, the conditional share award granted
to Mr. Mueller prior to his appointment as a director and the 2010 LTIP award to Mr. Mueller, an amount of €348,907 has been charged.
(3) Mr Andrew Macfarlane was appointed as a Director on 3 October 2010.
(4) In respect of the 2010 LTIP award to Mr. Macfarlane, an amount of €50,184 has been charged in 2010.
(5) Mr Macfarlane voluntarily agreed to reduce his basic salary by approximately 23%. The figure set out in the table under ‘Basic salary and fees’
reflects the voluntarily reduced basic salary. Other elements of remuneration payable to Mr Macfarlane are calculated by reference to his
unreduced basic salary.
(6) Mr Montie Brewer was appointed as a Director on 25 January 2010.
(7) Mr Ivor Fitzpatrick retired as a Director on 31 December 2010.
(8) Ms Anne Mills retired as a Director on 21 March 2010.
(9) Ms Nicola Shaw was appointed as a Director on 25 January 2010.
Report of the Remuneration Committee on Directors’ Remuneration (continued)