TomTom 2010 Annual Report Download - page 71

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p 69 / TomTom Annual Report and Accounts 2010
Notes to the Consolidated Financial Statements
7. EMPLOYEE BENEFITS (continued)
Remuneration policy for members of the Management Board and the Supervisory Board (continued)
The actual bonus pay-out depends on certain challenging financial targets (revenue, EBIT and cash flow). The total remuneration paid to
or on behalf of members of the Management Board for the year ended 31 December 2010, amounted to approximately €1.7 million
(2009: €1.4 million), of which approximately 36% represented bonus payments (2009: 34%). In 2010, the bonus achievement was 89%
of the target bonus (2009: 30%).
Summary of key management remuneration
Post Other
Salary employment long-term Termination
(€) and bonus benefits benefits benefits Share plan Share options Total
2010
Management Board
and senior management1
4,636,072 184,238 0 0 179,482 2,306,150 7,305,942
Supervisory Board 295,000 0 0 0 0 0 295,000
2009
Management Board
and senior management 2,697,274 138,745 0 180,000 321,819 -86,986 3,250,852
Supervisory Board 254,891 0 0 0 0 0 254,891
1 The number of people designated as senior management increased from five in 2009 to nine in 2010.
Overview of salaries, performance related bonuses and other emoluments of the Management Board
Post
employment Other Total
(€) Salary Bonus benefits emoluments1 remuneration
2010
Management Board
Harold Goddijn 250,000 178,000 0 0 428,000
Marina Wyatt 400,000 227,840 35,600 0 663,440
Alain De Taeye 375,000 213,600 26,250 0 614,850
1,025,000 619,440 61,850 0 1,706,290
2009
Management Board
Harold Goddijn 194,400 46,656 0 100,000 341,056
Marina Wyatt 316,623 60,792 27,024 200,000 604,439
Alain De Taeye 366,566 70,381 28,000 0 464,947
877,589 177,829 55,024 300,000 1,410,442
1 The Supervisory Board awarded Marina Wyatt a special payment of €200,000 in 2009 for her contribution to the rights offering. Harold Goddijn was awarded a
special payment of €100,000 in 2009 for his contribution to the rights offering.
Overview of remuneration of members of the Supervisory Board
(€) 2010 2009
Karel Vuursteen (Chairman) 56,000 56,000
Doug Dunn 42,000 42,000
Guy Demuynck 46,000 46,000
Rob van den Bergh 42,000 42,000
Ben van der Veer 45,000 45,000
Peter Wakkie1 43,000 16,583
Joost Tjaden2 21,000 7,308
295,000 254,891
1 Peter Wakkie was appointed on 28 April 2009.
2 Joost Tjaden resigned from the Supervisory Board on 1 July 2010.