Ill Historical information In millions of EUR 2007 2006 2005 Present value of the defined benefit obligation 2,916 3,043 F.iir value of plan assets(2,535) (2,397) (2,268) Deficit in the plan 381646853 Experience adjustments arising on plan liabilities (4) (159) Experience adjustments arising on plan assets169 27. Share-based payments - Long-Term Incentive Plan On 1 January 2005 Heineken established a performance-based share plan (Long-Term Incentive Plan LTIP) for the Executive Board. On 1 January 2006 a similar LTIP was established for senior management. The Long-Term Incentive Plan for the Executive Board includes share rights, which are conditionally awarded to the Executive Board each year and are subject to Heineken's Relative Total Shareholder Return (RTSR) performance in comparison with the TSR performance of a selected peer group. The LTIP share rights conditionally awarded to senior management each year is for 25 per cent subject to Heineken's RTSR performance and for 75 per cent subject to internal performance conditions. At target performance, 100 per cent-of the shares will vest. At maximum performance 150 per cent of the shares will vest. The performance period for share rights granted in 2005 was from 1 January 2005 to 31 December 2007. 1 Fie performance period for share rights granted in 2006 is from 1 January 2006 to 31 December 2008. 1 ie performance period for share rights granted in 2007 is from 1 January 2007 to 31 December 2009. The vesting date for the Executive Board is within five business days, and for senior management the I test of 1 April and 20 business days, after the publication of the annual results of 2007, 2008 and 2009 respectively. 5 Heineken N.V. will fulfil the tax payment obligations related to vesting on behalf of the individual e mployees, the amount of Heineken N.V. shares to be received by the Executive Board and senior r lanagement will be a net amount. ie terms and conditions of the share rights granted are as follows: ant date/employees entitled Based on Number share price Vesting conditions Contractual life of rights Share rights granted to ecutive Board in 2005 fare rights granted to I ecutive Board in 2006 tare rights granted to s nior management 2006 F iare rights granted to ecutive Board in 2007 S tare rights granted to s nior management i 2007 43,724 24.53 40,049 26.78 352,098 26.78 32,265 36.03 281,400 36.03 Continued service and RTSR performance Continued service and RTSR performance Continued service, 75% internal performance conditions and 25% RTSR performance Continued service and RTSR performance Continued service, 75% internal performance conditions and 25% RTSR performance 3 years 3 years 3 years 3 years 3 years 749,536 he number of shares in the table above is based on target performance. Heineken N.V. Annual Report 2007

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2007 | | pagina 109