Mercedes 2010 Annual Report Download - page 160

156
Service costs for pension obligations according to IFRS
amounted to €1.945 million in 2010 (2009: €1.660 million).
The present value of the total defined benefit obligation accord-
ing to IFRS amounted to €49.327 million at December 31, 2010
(December 31, 2009: €41.588 million). Taking age and period
of service into account, the individual entitlements, service costs
and present values are as follows:
Individual entitlements, service costs and present values for Board of Management pension plans in 2009/2010
Annual pension
(as regulated
until 2005)
as of age 60
Service cost
(for pension and
pension capital)
Present value
of obligations
(for pension and
pension capital)
In thousands of euros
Dr. Dieter Zetsche 2010
2009
1,050
1,050
712
629
26,149
22,706
Dr. Wolfgang Bernhard 2010 205 410
Wilfried Porth 2010
2009
156
156
118
88
3,715
3,002
Andreas Renschler 2010
2009
250
250
243
215
6,102
5,078
Bodo Uebber 2010
2009
275
275
397
362
5,357
4,301
Dr. Thomas Weber 2010
2009
300
300
270
240
7,594
6,501
Total 2010
2009
2,031
2,031
1,945
1,534
49,327
41,588
Commitments upon early termination of service. No sever-
ance payments are foreseen for Board of Management members
in the case of early termination of their service contracts. Solely
in the case of early termination of a service contract by mutual
consent, Board of Management service contracts include a
commitment to payment of the base salary and provision of a
company car until the end of the original service period. Such
persons are only entitled to payment of the performance-related
component of remuneration pro rata for the period until they
leave the Company. Entitlement to payment of the performance-
related component of remuneration with a long-term incentive
effect is defined by the exercise conditions specified in the respec-
tive plans. For the period beginning after the end of the original
service period, departing Board of Management members can
receive payments in the amounts of the pension commitments
granted as described in the previous section, as well as the use
of a company car. In the case of those persons receiving pay-
ments until the age of 60, possibly reduced due to other sources
of income, the aforementioned increased amounts also apply.
156
Sideline activities of Board of Management members. The
members of the Board of Management should accept manage-
ment board or supervisory board positions and/or any other
administrative or honorary functions outside the Group only to a
limited extent. Furthermore, members of the Board of Manage-
ment require the consent of the Supervisory Board before com-
mencing any sideline activities. This ensures that neither the time
required nor the remuneration paid for such activities leads
to any conflict with the members’ duties to the Group. Insofar as
such sideline activities are memberships of other supervisory
boards or comparable boards, they are disclosed in the Notes to
the Consolidated Financial Statements of Daimler AG and on
our website. No remuneration is paid to Board of Management
members for board positions held at other companies of the
Group.
Loans to members of the Board of Management. In 2010,
no advances or loans were made to members of the Board of
Management of Daimler AG.
Payments made to former members of the Board of Manage-
ment of Daimler AG and their survivors. Payments made in
2010 to former members of the Board of Management of Daimler
AG and their survivors amounted to €17.5 million (2009: €16.1
million). Pension provisions for former members of the Board
of Management and their survivors amounted to €197.1 million
at December 31, 2010 (2009: €192.8 million).