Ubisoft 2009 Annual Report Download - page 131
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127
2.1.6.9.3 Related party transactions
1/ Compensation of managers of the Company and of the controlling and/or controlled companies
Senior management essentially comprises the corporate officers.
Messers Guillemot are remunerated for their positions as CEO and Executive Vice Presidents. This is
fixed compensation and they do not have employment contracts.
The total gross compensation paid to managers during the financial year by Ubisoft Entertainment SA,
by controlled companies within the meaning of IAS 24.16 (Gameloft SA) and by companies controlling
those in which they held their positions (Guillemot Brothers SA and Guillemot Corporation SA) was
€2,901 thousand, of which €866 thousand was paid by Ubisoft Entertainment SA.
During the 2009/2010 financial year, members of the Board of Directors received €150 thousand in
directors’ fees.
No commitments have been made by the Company in favor of its corporate officers related to their
termination or change in responsibilities.
There are no agreements to compensate Board members if they resign or are dismissed without real
cause, or if their employment is terminated due to a public offering.
03.31.10 03.31.09
Short-term benefits
(1)
1,016 956
Post-employment benefits N/A N/A
Other long-term benefits N/A N/A
Compensation for termination of employment
contract
N/A N/A
Share-based payments
(2)
707 685
TOTAL 1,723 1,641
N/A: not applicable
(1) Includes fixed compensation, benefits in kind and directors’ fees recognized for the financial year
(2) This is the expense for the financial year for share-based payments calculated in accordance with IFRS2. No performance
shares were granted to the directors holding corporate office
Section 1.4.5 of the Financial Report contains a detailed description of the pay and benefits granted to
the corporate officers of the Group.
In accordance with Article L.225-43 of the French Commercial Code, no loans or advances were made
to the Company’s directors.
2/ Transactions with other related parties
License contracts with Gameloft SA, April 1, 2002 and January 28, 2009:
Amount of royalties invoiced over the year: €797 thousand
There are no other significant transactions with related parties.
Ubisoft Entertainment SA has acquired no treasury stock from related parties.