Overview Report of the Executive Board Report of the Supervisory Board Financial statements Other information Summary overview of remuneration elements The Executive Board's remuneration policy is simple and transparent in design, and consists of the following key elements: Remuneration element Description Base salary Short-term variable pay Pensions involves fixed cash compensation aims for the median of the labour market peer group. attraction reward for performance of day-to-day activities. Long-term variable award is based on achievements of annual measures, of which a weighted 75 per cent relate to financial measures for Heineken N .V. and 2 5 per cent to individual leadership measures aims, at target level, for the median of the labour market peer group is partly paid in cash, and partly in investment shares with a holding restriction of five calendar years: - the part paid in shares is between 25-50 per cent of the full gross pay, depending on the individual's choice - the part in cash is paid net of taxes (i.e. after deduction of withholding tax due on the full gross pay) investment shares are matched on a 1:1 basis after the holding period. is based on achievements of three-year financial targets for Heineken N.V. aims, at target level, for the median of the labour market peer group is awarded through the vesting of shares, net of taxes (i.e. after deduction of withholding tax due on the full gross award) vested shares are blocked for another two years, to arrive at a five-year holding restriction after the date of the conditional performance grant. Defined Contribution Pension Plan or Capital Creation Plan. drive and reward annual HEINEKEN performance drive and reward sound business decisions for the long-term health of HEINEKEN align Executive Board and shareholder interests. drive and reward sound business decisions for the long-term health of HEINEKEN align Executive Board and shareholder interests support Executive retention. provide for employee welfare and retirement needs. Heineken N.V. Annual Report 2012 61

Jaarverslagen en Personeelsbladen Heineken

Jaarverslagen | 2012 | | pagina 63