TABLE 3 – MONETARY INCENTIVE PLANS FOR THE DIRECTORS, GENERAL MANAGER OPERATIONS AND OTHER MANAGERS WITH STRATEGIC RESPONSIBILITIES

(amounts in € thousand)

Yearly bonus

Bonuses for previous years

 

First name and surname Post

Plan

payable/ paid

deferred

deferral period

no longer payable

payable/ paid (2)

still deferred

Other bonuses

(1)

From 1 January 2016 to 26 April 2016, the position of CEO was held by Eng. Carlo Malacarne. Annual Monetary Incentive Plan (IMA 2016) was paid off in March 2016 while Deferred Monetary Incentive Plan (IMD) and Long-Term Monetary Incentive Plan (IMLT) were paid off in May 2016 with severancepay.

(2)

Disbursement relating to:
- the deferred monetary incentive awarded in 2013 in relation to EBITDA performance in the three-year period 2013-2015
- the long-term monetary incentive awarded in 2013 in relation to the adjusted net profit result, in relative terms with respect to a peer group, achieved in the three-year period 2013-2015.

Marco Alverà CEO (1)

2016 Deferred Monetary Incentive Plan
BoD 26/07/2016

 

339.5

three-yearly

 

 

 

 

2016 Long-Term Monetary Incentive Plan
BoD 27/09/2016

 

485.0

three-yearly

 

 

 

 

Total

 

 

824.5

 

 

 

 

 

Managers with Strategic Responsibilities

2016 Annual Monetary Incentive Plan
BoD 16/03/2016

520.0

 

 

 

 

 

 

2016 Deferred Monetary Incentive Plan
BoD 26/07/2016

 

371.5

three-yearly

 

 

 

 

2016 Long-Term Monetary Incentive Plan
BoD 27/09/2016

 

503.5

three-yearly

 

 

 

 

2015 Deferred Monetary Incentive Plan
BoD 28/07/2015

 

 

 

 

 

367.5

 

2015 Long-Term Monetary Incentive Plan
BoD 27/10/2015

 

 

 

 

 

479.5

 

2014 Deferred Monetary Incentive Plan
BoD 29/07/2014

 

 

 

 

 

335.0

 

2014 Long-Term Monetary Incentive Plan
BoD 30/10/2014

 

 

 

 

 

411.0

 

2013 Deferred Monetary Incentive Plan
Award: BoD 30/07/2013 Payment: BoD 16/03/2016

 

 

 

 

363.3

 

 

2013 Long-Term Monetary Incentive Plan
Award: BoD 29/10/2013 Payment: BoD 26/07/2016

 

 

 

 

302,7

 

 

Total

 

520

875

 

 

666

1,593

 

TOTAL

 

520

1,700

 

 

666

1,593