back The total remuneration and related compensation costs of the Members of the Board of Directors and former directors in 2005 and 2004 can be specified as follows:
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| (in €) | 2005 | 2004 |
| Fixum | 4,908,190 | 3,949,425 |
| Bonus (related to reporting period) | 4,850,449 | 4,549,050 |
| Fees | 260,000 | 290,000 |
| Total | 10,018,639 | 8,788,475 |
The cash remuneration of the members of the Board of Directors was as follows:
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| 2005 (in €) |
Fixum | Bonus related to 2005 | Fees | Total |
| Directors | ||||
| Manfred Bischoff | 60,000 | 184,250 | 90,000 | 334,250 |
| Arnaud Lagardère | 60,000 | 184,250 | 80,000 | 324,250 |
| Thomas Enders (**) | 737,560 | 820,556 | - | 1,558,116 |
| Noël Forgeard | 1,136,928 | 1,201,408 | - | 2,338,336 |
| Jean-Paul Gut (**) | 777,568 | 769,583 | - | 1,547,151 |
| Hans Peter Ring | 780,062 | 789,762 | - | 1,569,824 |
| Francois David | 20,000 | 92,125 | 30,000 | 142,125 |
| Rüdiger Grube | 20,000 | 92,125 | (***) | 112,125 |
| Michael Rogowski | 30,000 | 92,125 | 35,000 | 157,125 |
| Juan Manuel Equiagaray Ucelay | - | 57,578 | 25,000 | 82,578 |
| Former directors (*) | ||||
| Philippe Camus | 624,911 | 227,685 | - | 852,596 |
| Rainer Hertrich | 624,911 | 227,685 | - | 852,596 |
| Eckhard Cordes | 10,000 | 30,708 | - | 40,708 |
| Pedro Ferreras | 16,250 | 49,901 | - | 66,151 |
| Jean-René Fourtou | 10,000 | 30,708 | - | 40,708 |
| Total | 4,908,190 | 4,850,449 | 260,000 | 10,018,639 |
| (*) | Prorata in accordance with their membership as Board of Directors. |
| (**) | Full year remuneration. |
| (***) | To be regularized in 2006. |
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| 2004 (in €) |
Fixum | Bonus related to 2004 | Fees | Total |
| Directors | ||||
| Manfred Bischoff | 60,000 | 200,000 | 110,000 | 370,000 |
| Arnaud Lagardère | 40,000 | 200,000 | 80,000 | 320,000 |
| Philippe Camus | 1,093,942 | 1,096,345 | - | 2,190,287 |
| Rainer Hertrich | 1,093,942 | 1,096,345 | - | 2,190,287 |
| Noël Forgeard | 1,079,153 | 1,119,751 | - | 2,198,904 |
| Hans Peter Ring | 462,388 | 482,440 | - | 944,828 |
| Francois David | - | 66,667 | 20,000 | 86,667 |
| Rüdiger Grube | - | 66,667 | 35,000 | 101,667 |
| Michael Rogowski | 30,000 | 100,000 | 20,000 | 150,000 |
| Former directors | ||||
| Eckhard Cordes | 30,000 | 33,334 | 10,000 | 73,334 |
| Pedro Ferreras | 30,000 | 54,167 | 15,000 | 99,167 |
| Jean-René Fourtou | 30,000 | 33,334 | - | 63,334 |
| Total | 3,949,425 | 4,549,050 | 290,000 | 8,788,475 |
The table below gives an overview of the interests of the members of the Board of Directors under the various stock options plans of EADS:
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| Number of Options | ||||||
| as of 1st Jan. 2005 | granted during 2005 | exercised during 2005 | as of 31st Dec. 2005 | exercise price in € | expiry date | |
| Thomas Enders | 50,000 | - | - | 50,000 | 20.90 | 8th July 2010 |
| 50,000 | - | - | 50,000 | 24.66 | 12th July 2011 | |
| 25,000 | - | 25,000 | - | 16.96 | 8th August 2012 | |
| 50,000 | - | 25,000 | 25,000 | 15.65 | 9th October 2013 | |
| 50,000 | - | - | 50,000 | 24.32 | 7th October 2014 | |
| - | 135,000 | - | 135,000 | 33.91 | 8th Dec. 2015 | |
| Noël Forgeard | 110,000 | - | 67,000 | 43,000 | 20.90 | 8th July 2010 |
| 88,000 | - | - | 88,000 | 24.66 | 12th July 2011 | |
| 108,000 | - | - | 108,000 | 16.96 | 8th August 2012 | |
| 108,000 | - | - | 108,000 | 15.65 | 9th October 2013 | |
| 108,000 | - | - | 108,000 | 24.32 | 7th October 2014 | |
| - | 135,000 | - | 135,000 | 33.91 | 8th Dec. 2015 | |
| Jean-Paul Gut | 50,000 | - | 50,000 | - | 20.90 | 8th July 2010 |
| 50,000 | - | 50,000 | - | 24.66 | 12th July 2011 | |
| 50,000 | - | - | 50,000 | 16.96 | 8th August 2012 | |
| 50,000 | - | - | 50,000 | 15.65 | 9th October 2013 | |
| 50,000 | - | - | 50,000 | 24.32 | 7th October 2014 | |
| - | 100,000 | - | 100,000 | 33.91 | 8th Dec. 2015 | |
| Hans Peter Ring | 10,000 | - | - | 10,000 | 20.90 | 8th July 2010 |
| 28,000 | - | - | 28,000 | 24.66 | 12th July 2011 | |
| 37,000 | - | - | 37,000 | 16.96 | 8th August 2012 | |
| 50,000 | - | - | 50,000 | 15.65 | 9th October 2013 | |
| 50,000 | - | - | 50,000 | 24.32 | 7th October 2014 | |
| - | 100,000 | - | 100,000 | 33.91 | 8th Dec. 2015 | |
| Total | 1,172,000 | 470,000 | 217,000 | 1,425,000 | ||
In 2005 no stock options were granted to the former directors Mr. Philippe Camus and Mr. Rainer Hertrich. However, under the terms of their employment contracts a termination package was allocated to them (€2.550 million each, i.e. 18 months of total target income).
As detailed above, the number of outstanding stock options granted to the Executive Board Directors was 1.425 million as at 31st December 2005. To the other members of the Executive Committee, to the Group’s senior management and to former members of the Board of Directors, the number of the outstanding stock options amounted to 32.941 million at the same date. For further information, please see note 31 of the consolidated IFRS financial statements.
The pension benefit obligation for the Executive Board Directors is as follows:
The Executive Board Directors have pension promises as part of their employment agreements. The general policy is to give them annual pension of 50% of their annual base salary after five years in the Executive Committee of EADS at the age of 60 to 65. In case of the CEOs, the retirement age is 60. This obligation increases to 60% after ten years of service in the EADS Executive Committee.
These pension schemes have been implemented and financed through collective executive pension plans in France and Germany. These pension promises have also separate rules e.g. for minimum length of service and other conditions to comply with national regulations.
For the Executive Board Directors, the amount of the pension defined benefit obligation, net of accumulated actuarial losses, amounted to €18 million as of 31st December 2005. This obligation has been partly funded and accrued for in the consolidated financial statements for its unfunded portion.
The amounts reported above for the Executive Board Directors are free of benefits in kind they are entitled to, as well as all national social and income tax impacts.
Such executives are entitled to a company car. The value of the company cars of newly appointed Executive Board Directors is as follows:
For Thomas Enders €81,772, for Noël Forgeard €74,085, for Jean-Paul Gut €69,483 and for Hans Peter Ring €100,906.
Mr. Thomas Enders benefits also from a free accommodation in France. The monthly lease amounts to €3,627.
EADS has not provided any loans to / advances to / guarantees on behalf of Directors.
For further information to the remuneration, please see note 32 of the consolidated financial statements.
