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Deutsche Post World Net Annual Report 2007
e value attributable to the nancial year for stock options issued in previous
years amounted to ,. for Dr Klaus Zumwinkel, ,. for Dr Frank
Appel, ,. for Walter Scheurle and ,. for John P. Mullen. e options
granted to Jürgen Gerdes in previous nancial years have a value for the period from
July of ,.. e pro rata value up to June of options granted to
Dr Hans-Dieter Petram and Prof. Dr Wulf von Schimmelmann is ,. each.
e pro rata value of the options granted to Prof. Dr Edgar Ernst up to September
is ,.. e table below provides detailed information on the individual
tranches of the expired stock option plans:
Stock options
SOP 2000 SOP 2003
Tranche 2001 Tranche 2002 Tranche 2003 Tranche 2004 Tranche 2005
Issue date 15 March 2001 1 July 2002 1 August 2003 1 July 2004 1 July 2005
Exercise price €23.05 €14.10 €12.40 €17.00 €19,33
Expiry of lock-up period 14 March 2004 30 June 2005 31 July 2006 30 June 2007 30 June 2008
Exercisable
at 1/6
Exercisable
at 6/6
Exercisable
at 6/6
Exercisable
at 4/6
Expiry of exercise period 14 March 2006 30 June 2007 31 July 2008 30 June 2009 30 June 2010
Any options of Tranche that had not been exercised expired on July at the
end of the exercise period, with no replacement or compensation provided.
Pension commitments
e members of the Board of Management have direct pension commitments on the
basis of their individual contracts, providing for bene ts in case of permanent dis-
ability, death or retirement. If the contract of a member ends a er at least ve years
of service on the Board of Management, the entitlements he has acquired will vest.
Members become entitled to bene ts due to permanent disability a er at least ve
years of service. Eligibility for retirement bene ts begins at the earliest at the age of ,
or years of age in the case of John P. Mullen and years of age for Jürgen Gerdes.
e members of the Board of Management can choose between ongoing pension pay-
ments and a lump sum. e amount of bene ts depends on the pensionable income
and the number of years of service.
Pensionable income consists of the annual basic salary based on the average salary
of the last twelve months of employment. Members of the Board of Management
appointed for the rst time a er attain a pension level of a er ve years of
service on the Board of Management. e maximum pension level () is attained
a er ten years of service. e maximum pension levels of members of the Board of
Management appointed before are and respectively. e graduated
increase in the pension level based on individual contractual arrangements depends
either on the period of service or the periods of appointment on the Board of Manage-
ment. Subsequent pension bene ts will be adjusted (increased or decreased) to re ect
changes in the consumer price index in Germany.
Note 35.5
Remuneration Report Corporate Governance