Unilever 2013 Annual Report Download - page 66

PURPOSE AND LINK
TO STRATEY OPERATION OPPORTUNITY PERFORMANE MEASURES SUPPORTIN INFORMATION†
OTHER BENEFITS
Provdes certan benefts
on a cost-effectve bass
to ad attracton and
retenton of Executve
Drectors
Provson of death, dsablty
and medcal nsurance cover
and actual tax return
preparaton costs Other
benefts may be provded n
the future where t s cost-
effectve for Unlever to do
ths and t s consdered
approprate by the ommttee
and where t s not covered by
the fxed allowance
In the event that Unlever
were to requre an exstng or
new Executve Drector to
relocate, Unlever may pay
approprate relocaton
allowances for a specfed
tme perod of no more than
three years Ths may cover
costs such as (but not lmted
to) relocaton, cost of lvng,
housng beneft, home leave,
tax and socal securty
equalsaton and educaton
assstance
In lne wth the commtments
made to the current EO upon
recrutment, Unlever pays
the socal securty oblgaton
n the EO’s country of
resdence to protect hm
aganst the dfference
between the employee socal
securty oblgatons n hs
country of resdence versus
the UK He also receves a
condtonal supplemental
penson accrual to
compensate hm for the
arrangement forfeted on
leavng hs prevous employer
Ths supplemental penson
accrual s condtonal on the
EO remanng n
employment wth Unlever to
age 60 and subsequently
retrng from actve servce or
hs death or total dsablty
pror to retrement
Executve Drectors are
enttled to partcpate on the
same terms as all UK
employees n the Unlever
PL 2005 Sharesave Plan and
the Sharebuy scheme known
as the Unlever PL Share
Incentve Plan
Provson of death, dsablty
and medcal nsurance cover,
actual tax return preparaton
costs and other tems
consdered approprate by
the ommttee, as per the
cost to Unlever and
dependent on ndvdual
crcumstances
Socal securty oblgaton
n the EO’s country of
resdence dependent on
earnngs and rates of socal
securty
Condtonal supplemental
penson accrual for the EO
capped from 2012 onwards at
12% of the lower of actual
base salary or hs 2011 base
salary (£920,000) plus 3% per
annum as requred
Relocaton allowances – the
level of such benefts would
be set at an approprate level
by the ommttee, takng nto
account the crcumstances of
the ndvdual and typcal
market practce
Awards under all-employee
plans may be up to HMRC
approved lmts
n/a † Ths column does not
form part of the
bndng polcy report It
s ntended to provde
addtonal contextual
nformaton for the
reader
For 2014, the accrual
for the CEO’s
condtonal
supplemental penson
s capped at £117,123
For detals of benefts
provded durng 2013
see page 73
63Unlever Annual Report and Accounts 2013 overnance