Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 453

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 453
---
                                                                                                                                                                                                                                                                                                                                                                                                                         | –Any payments will be in linewith the policy on loss ofoffice.                                                                                                                                                                                                                                                                                                                                                             |

| 326 | HSBC Holdings plcAnnual Report on Form 20-F |

Report of the Directors | Corporate governance report | Directors’ remuneration report

Payments on loss of office The table below sets out the basis on which payments on loss of office may be made. Other than as set out in the table, there are no further obligations which could give rise to remuneration payments or payments for loss of office.

| Payments on loss of office |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Component of remuneration  | Approach taken                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| Fixed pay and benefits     | Executive Directors may be entitled to payments in lieu of:–notice, which may consist of base salary, FPA, pension entitlements and other contractual benefits, or an amount in lieuof; and/or–accrued but untaken holiday entitlement.Payments may be made in instalments or a lump sum, and may be subject to mitigation, and subject to applicable tax andsocial security deductions.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Annual incentive and LTI   | In exceptional circumstances, as determined by the Committee, an executive Director may be eligible for the grant of annualand/or long-term incentives under the HSBC Share Plan based on the time worked in the performance year and on theindividual’s contribution.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| Unvested awards            | All unvested awards will be forfeited when an executive Director ceases employment voluntarily and is not deemed a goodleaver. An executive Director may be considered a good leaver, under the HSBC Share Plan, if their employment ceases inspecified circumstances which includes:–ill health, injury or disability, as established to the satisfaction of the Committee;–retirement with the agreement and approval of the Committee;–the employee’s employer ceasing to be a member of the Group;–redundancy with the agreement and approval of the Committee; or–any other reason at the discretion of the Committee.If an executive Director is considered a good leaver, unvested awards will normally continue to vest in line with the applicablevesting dates, subject to performance conditions, the share plan rules, and malus and clawback provisions.In the event of death, unvested awards will vest and will be released to the