Unilever 2003 Annual Report Download - page 64

Unilever Annual Report & Accounts and Form 20-F 2003 61
Remuneration report – detailed information
Table of remuneration for individual Directors
The following table gives details of the total monetary value received by each Director from the remuneration programme in 2003:
Other income arising Total of
from long-term annual
Annual emoluments(1) 2003 incentives(2) in 2003 emoluments
Vesting Gains on and other
Total Total of exercise income arising
Value of annual annual matching of share from long-term
Base benefits in Annual emoluments emoluments(10) shares in options incentives(3)
salary Allowances(4) kind(5) bonus(6) for 2003 2002 2003 in 2003 in 2003
Name and Base Country ’000 ’000 ’000 ’000 ’000 ’000 ’000 ’000 ‘000
A Burgmans(7) €1 310 €74 €140 €262 €1 786 €2 681 €42 €1 828
NL [£905] [£51] [£96] [£181] [£1 233] [£1 684] [£29] [£1 262]
N W A FitzGerald(8) €1 476 €159 €79 €295 €2 009 €3 340 €74 €2 083
UK [£1 020] [£110] [£54] [£204] [£1 388] [£2 097] [£51] [£1 439]
AC Butler €738 €3 €34 €148 €923 €1 664 €923
UK [£510] [£2] [£24] [£102] [£638] [£1 045] [£638]
PJ Cescau €1 020 €6 €162 €204 €1 392 €2 205 €1 392
NL [£705] [£4] [£112] [£141] [£962] [£1 385] [£962]
KB Dadiseth €926 €4 €80 €185 €1 195 €2 098 €15 €1 210
UK [£640] [£3] [£56] [£128] [£827] [£1 318] [£11] [£838]
AR van Heemstra €700 €6 €74 €140 €920 €1 549 €920
NL [£484] [£4] [£51] [£97] [£636] [£972] [£636]
RHP Markham €839 €10 €36 €168 €1 053 €1 787 €1 053
UK [£580] [£7] [£25] [£116] [£728] [£1 122] [£728]
CB Strauss(9) €933 €17 €163 €379 €1 492 €1 990 €629 €2 121
US [£645] [£12] [£113] [£262] [£1 032] [£1 250] [£435] [£1 467]
(1) Annual emoluments includes base salary, allowances and the value of benefits in kind received in 2003. It also includes the annual bonus
(both the cash element and the bonus paid in shares) payable in March 2004 relating to the performance year 2003. The value of the
matching shares conditionally awarded in 2004 in respect of the performance year 2003 is not included as these form part of the long-term
incentives and the value will be reported when they vest in 2007.
(2) Other income includes the gains realised in 2003 following the exercise of share options granted in earlier years. It also includes the value
of the matching shares vested in 2003, which were originally awarded in 1998.
(3) Total includes all annual emoluments earned in 2003 together with other income arising from long-term incentives in that year.
(4) Includes cash allowances in lieu of company car, entertaining allowance, financial planning assistance and an allowance, where applicable,
payable to UK based Directors to compensate for the fact that part of their remuneration is paid in the Netherlands. All allowances are
taxable in either the UK, the Netherlands or the US, apart from the entertaining allowance which is tax free.
(5) Includes value of benefits in kind relating to company provided accommodation, company cars and subsidised medical insurance. All such
items are taxable in the country of residence of the Directors concerned (apart from the value of accommodation provided for Netherlands
based Directors).
(6) Part of the annual bonus is paid in the form of shares in NV and PLC. The value of these bonus shares is included in the figures of annual
bonus shown above. In addition to these shares each Director is awarded, on a conditional basis, an equivalent number of matching shares
which, for 2003 are not included above.
(7) Chairman of NV.
(8) Chairman of PLC.
(9) Excluded from the emoluments are payments totalling $582 thousand paid in 2003 which relate to an appointment prior to joining the
Boards.
(10)Total for 2002 includes the value of the matching shares awarded in respect of the performance period 2002.