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Deutsche Post World Net Annual Report 2007
Upon his appointment to the Board of Management, John Allan was not included in
the pension scheme for members of the Board of Management. Due to his past con-
tractual relationship with Exel, he will receive a taxable annual lump-sum payment
of ,, in addition to the remuneration paid, that he can use to secure his own
pension coverage. is amount is contained in the individual breakdown of fringe
bene ts.
e remuneration of former members of the Board of Management or their surviving
dependants amounted to . million. e de ned bene t obligations (DBOs) for
current pensions calculated under IFRSs amount to . million.
Miscellaneous
Dr Frank Appel, John Allan and John P. Mullen will receive their contractual remun-
eration until the end of the ordinary term of their contracts if the contract as a mem-
ber of the Board of Management is terminated prematurely by Deutsche Post AG for
good cause, provided this cause is not related to a serious breach of duty. e Board of
Management contract of John Allan contains a non-compete clause for two years a er
the end of the contract. For this two-year period, he receives of his basic salary.
Any other income exceeding half of the basic salary will be credited against it.
Supervisory Board remuneration
In accordance with Article of the Articles of Association of Deutsche Post AG as
adopted by the AGM, the annual remuneration of the members of the Supervisory
Board comprises a xed component, a short-term performance-related component
and a performance-related component with a long-term incentive e ect.
e xed component amounts to ,, the short-term performance-related com-
ponent to for every . by which the consolidated net pro t per share exceeds
the amount of . in the nancial year in question. In , the consolidated net
pro t per share was . and therefore exceeded the amount of . by . x ..
e short-term performance-related remuneration came to . of the total re-
muneration of all the members of the Supervisory Board. For nancial year ,
the members of the Supervisory Board are entitled to annual performance-related
remuneration with a long-term incentive e ect of for every by which the
consolidated net pro t per share for nancial year exceeds the consolidated net
pro t per share of nancial year . e remuneration falls due for payment at the
end of the AGM. Taken individually, the two variable remuneration components
may not exceed the amount of the xed remuneration of ,.
Remuneration Report Corporate Governance