Aer Lingus 2014 Annual Report Download - page 63

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61
Illustrative performance scenarios
The following charts illustrate the different elements of the Executive Directors’ remuneration under three different performance scenarios:
‘Minimum, ‘Target’ and ‘Maximum’. The assumptions used are provided below the charts. The illustrations are based on the current
incentive framework.
Chief Executive Officer
Chief Financial Officer
Mr. Stephen Kavanagh 2015
Component
Minimum
Target
Maximum
Fixed
Base salary
Base salary for 2015 - €425,000
(1)
Pension
Value of contributions for 2015 - €106,250
(1)
Benefits
Estimated taxable value of annual benefits provided in 2015 based on actual
2014 amount - €43,980
Variable
Performance Related Pay Scheme
0% of salary
75% of salary
125% of salary
Long Term Incentive Plan
Assume Max Allocation 150%
0% vesting
30% vesting
(median
performance)
(2)
100% vesting
Mr. Bernard Bot 2015
Component
Minimum
Target
Maximum
Fixed
Base salary
Base salary for 2015 - €430,000
Pension
Value of contributions for 2015 - €107,500
Benefits
Estimated taxable value of annual benefits provided in 2015 based on actual
2014 amount - €48,438 (including relocation)
Variable
Performance Related Pay Scheme
0% of salary
65% of salary
125% of salary
Long Term Incentive Plan
Assume Max Allocation 125%
0% vesting
30% vesting
(median
performance)
(2)
100% vesting
(1) Based on two months contributions to 28 February 2015 in relation to his previous position and ten months from his appointment as Chief Executive
Officer on 1 March 2015
(2) The use of median vesting of 30% in the ‘target’ column is illustrative only. Details of the LTIP targets and vesting schedule are shown on page 64 and 65
Remuneration for 2014
Further details of the payments and benefits received by the Executive Directors are set out in Table 2.1 in the Audited Information section
below.
€0
€500,000
€1,000,000
€1,500,000
€2,000,000
MaximumTargetMinimum
Fixed Pay Annual Bonus Long-term incentive
€575k
€1,115k
€1,813k
100% 32%
31%
37%
52%
30%
18%
€0
€500,000
€1,000,000
€1,500,000
€2,000,000
MaximumTargetMinimum
Fixed Pay Annual Bonus Long-term incentive
€586k
€1,027k
€1,661k
100% 35%
32%
33%
57%
27%
16%