Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 454

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 454
---
 executive Director’s estate as soon aspracticable.In respect of outstanding unvested awards, the Committee may determine that good leaver status is contingent upon theCommittee being satisfied that the executive has no current or future intention at the date of leaving HSBC of beingemployed by any competitor financial services firm. The Committee determines the list of competitor firms from time totime, and the length of time for which this restriction applies. If the Committee becomes aware of any evidence to thecontrary before vesting, the award will lapse. |
| Post-departure benefits    | Executive Directors can be provided certain benefits for up to a maximum of seven years from date of departure for thosewho depart under good leaver provisions under the HSBC Share Plan, in accordance with the terms of the policy. Benefitsmay include, but are not limited to, medical coverage, tax return preparation assistance and legal expenses.The Committee also has the discretion to extend the post-departure benefit of medical coverage to former executiveDirectors, up to a maximum of seven years from their date of departure.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Other                      | Where an executive Director has been relocated as part of their employment, the Committee retains the discretion to pay therepatriation costs. This may include, but is not restricted to, airfare, accommodation, shipment, storage, utilities, and any taxand social security that may be due in respect of such benefits.Except in the case of gross misconduct or resignation, an executive Director may also receive retirement gifts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Legal claims               | The Committee retains the discretion to make payments (including professional and outplacement fees) to mitigate againstlegal claims, subject to any such payments being made in accordance with the terms of an appropriate settlement agreementwaiving all claims against the Group.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Change of control          | In the event of a change of control, outstanding awards will be treated in line with the provisions set out in the respectiveplan rules.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |

| HSBC Holdings plcAnnual Report on Form 20-F | 327 |

Annual report on Directors’ remuneration This section sets out how our approved Directors’ remuneration policy was implemented during 2024. Single total figure of remuneration

(Audited)

The following table shows the single total figure of remuneration of each executive Director for 2024, together with comparative figures. Sir