DHL 2012 Annual Report Download - page 131

In the event that the right to early termination is exercised or a Board of Manage-
ment contract is terminated by mutual consent within nine months of the change of
control, the Board of Management member is entitled to payment to compensate the
remaining term of their Board of Management contract. Such payment is limited to
  of the severance payment cap pursuant to the recommendation of the German
Corporate Governance Code. e amount of the payment is reduced by   if the Board
of Management member has not reached the age of  upon leaving the company. If the
remaining term of the Board of Management contract is less than two years and the
Board of Management member has not reached the age of  upon leaving the company,
the payment will correspond to the severance payment cap. e same applies if a Board
of Management contract expires prior to the Board of Management member’s reaching
the age of  because less than nine months remained on the term of the contract at the
time of the change of control and the contract was not renewed.
Board of Management members are also subject to a non-compete clause, taking
eect on the cessation of their contracts. During the one-year non-compete period,
former Board of Management members receive   of their last contractually stipulated
annual base salary on a pro-rata basis as compensation each month. Any other income
earned during the non-compete period is subtracted from the compensation paid. e
amount of the compensation payment itself is deducted from any severance payments or
pension payments. Prior to, or concurrent with, cessation of the Board of Management
contract, the company may declare its waiver of adherence to the non-compete clause.
In such a case, the company will be released from the obligation to pay compensation
due to a restraint on competition six months aer receipt of such declaration.
Apart from the aforementioned arrangements, no member of the Board of Manage-
ment has been promised any further benets aer leaving the company.
Other provisions
Walter Scheurle entered retirement as at the end of  September . From
 April , when he resigned from the Board, until the beginning of his retirement,
he was active in a consultative capacity for the company. In fullment of the rights under
his contract, he received remuneration totalling , during this period.
Angela Titzrath took oce as a member of the company’s Board of Management on
 May . By way of compensation for rights that lapsed as a result of her transfer to
Deutsche Post , the company paid her the sum of ,.
Amount of remuneration paid to active members of the Group Board of Management
in financial year 
e remuneration paid to active members of the Board of Management in nancial
year  totalled . million (previous year: . million). is amount com-
prised . million in non-performance-related components (previous year: . mil-
lion) and . million in the performance-related component paid out (previous year:
. million). An additional . million of the performance-related component was
transferred to the medium-term component and will be paid out in  subject to the
condition that the required , as an indicator of sustainability, is reached.
Deutsche Post DHL Annual Report 
Corporate Governance
Corporate Governance Report
Remuneration report
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