2 Pursuant to the pension fund regulations, occupational provisions were financed by the employer and the employee at a ratio of 2/3 to 1/3. 3 All contributions are gross contributions, i.e. they include employee contributions to AHV/IV/ALV. Employer contributions to AHV/IV/ALV amounted to a total of CHF 96 047 in the year under review. 4 The 2008 compensation to Rolf Dörig, as Group CEO and BoD Delegate, is disclosed in its entirety under the compensation for the Corporate Executive Board.
Rolf Dörig, Group CEO until 08.05.2008, BoD Delegate from 09.05.2008 4 1 The compensation in shares was, on the one hand, part of the basic compensation (in total 1 518 shares) and, on the other, variable compensation in shares for the 2007 financial year, allocated in 2008 (in total 1 011 shares). The allocation of shares was effected on 31.03.2008, 24.06.2008 and 16.12.2008 at economic value, which is equal to the tax value (CHF 231.7351, CHF 227.7469 and CHF 60.4526), taking into account a blocking period of three years. The share prices (closing prices) on the days of allocation were CHF 276.00, CHF 271.25 and CHF 72.00 respectively. No variable compensation in shares was granted for the 2008 financial year.
The compensation table below shows the bonus in cash granted for the 2009 financial year which was determined by the Board of Directors at the beginning of 2010. It is disclosed on an accrued basis as compensation for 2009.
Other members of Corporate Executive Board 630 099 8 024 888 4 Pursuant to the pension fund regulations, occupational provisions were financed by the employer and the employee at a ratio of 2/3 to 1/3. 5 All contributions are gross contributions, i.e. they include employee contributions to AHV/IV/ALV. Employer contributions to AHV/IV/ALV/FAK amounted to a total of
Other members of Corporate Executive Board 15 700 804 154 8 829 042 6 The PSUs represent future subscription rights that entitle the individuals concerned to receive Swiss Life Holding shares after a period of three years, provided the relevant conditions are then met. Depending on the fulfilment during the three-year term of the two performance criteria defined, the number of PSUs can increase by a factor of 1.5 or drop to zero.
7 The allocation of PSUs as at 01.04.2009 was effected at a fair value of CHF 51.22, as calculated by an independent consultancy firm.
The members of the Corporate Executive Board did not receive a cash bonus or variable compensation in shares for the 2008 financial year.
The cash bonus granted in 2008 for the 2007 financial year and the shares allotted in 2008 for the 2007 financial year are not shown in the table below.
4 No variable compensation in shares was paid out for the 2008 financial year. 5 Eight individuals were taken into account in the period under review. Compensation for 2008 membership of the Corporate Executive Board was disclosed on a pro-rata basis for
Other members of Corporate Executive Board 813 420 4 982 370 6 Regular annual employer contribution and subsequent contributions. Pursuant to the pension fund regulations, occupational provisions were financed by the employer and the employee at a ratio of 2/3 to 1/3.
Rolf Dörig, Group CEO until 08.05.2008, BoD Delegate from 09.05.2008 9 – 0 1 817 462
Bruno Pfister, CEO International until 08.05.2008, Group CEO from 09.05.2008 5 924 1 062 173 2 870 514
11 The allocation of PSUs as at 01.04.2008 was effected at a fair value of CHF 179.30, as calculated by an independent consultancy firm.
The table published in the Annual Report 2008 included the cash bonus granted for the 2007 financial year and paid out in 2008, and the variable compensation in shares for the 2007 financial year. The footnote states, however, that the members of the Board of Directors would not receive any cash bonus or variable compensation in shares for the 2008 financial year.
Amounts in CHF Compensation in cash Compensation in shares for 20074
Other members of Corporate Executive Board 5 3 908 057 2 600 000 260 893 6 768 950 4 232 980 703 7 749 653 1 Group CEO until 08.05.2008, BoD Delegate from 09.05.2008. Salary / compensation in cash was fixed at CHF 1 200 000 per year for the position of BoD Delegate. 2 The bonus paid in 2008 relates to the 2007 financial year. No bonus was paid for the 2008 financial year. 3 Child allowances (CHF 12 830), allowances for years of service (CHF 31 570), company cars (CHF 110 221), premium contributions to 3rd-pillar pension plans (CHF 174 401), other (CHF 81 870), each in total.
Other members of Corporate Executive Board 813 420 8 563 073 6 Regular annual employer contribution and subsequent contributions. Pursuant to the pension fund regulations, occupational provisions were financed by the employer and the employee at a ratio of 2/3 to 1/3.
7 All contributions are gross contributions, i.e. they include employee contributions to AHV/IV/ALV. Employer contributions to AHV/IV/ALV amounted to a total of CHF 1 223 286 in the year under review.
Rolf Dörig, Group CEO until 08.05.2008, BoD Delegate from 09.05.2008 9 – 0 3 508 917
10 Disregarding the cash bonus paid for the 2007 financial year and the variable compensation in shares, the total compensation paid to Bruno Pfister for 2008 amounted to 11 The PSUs represent future subscription rights that entitle the individuals concerned to receive Swiss Life Holding shares after a period of three years, provided the relevant conditions are then met. Depending on the fulfilment during the three-year term of the two performance criteria defined, the number of PSUs can increase by a factor of 1.5 or drop to zero.
12 The allocation of PSUs as at 01.04.2008 was effected at a fair value of CHF 179.30, as calculated by an independent consultancy firm. 13 Including a cash bonus for 2007, paid in 2008, and a variable compensation component in shares for 2007, allocated in 2008. For the 2008 financial year, no cash bonus and no variable compensation in shares was paid to the members of the Corporate Executive Board.
TOTAL CORPORATE EXECUTIVE BOARD 43 262 1 Total number of PSUs allocated in the years 2007, 2008 and 2009 in connection with the relevant equity compensation plan. The PSUs represent future subscription rights that entitle the individuals concerned to receive SLH shares after a period of three years, provided that the relevant conditions are then met.
TOTAL BOARD OF DIRECTORS 14 397 1 Share ownership and the number of PSUs are shown in their entirety under the relevant details for the Corporate Executive Board (see tables on next page).
Rolf Dörig, Group CEO until 08.05.2008, BoD Delegate from 09.05.2008 13 870
Bruno Pfister, CEO International until 08.05.2008, Group CEO from 09.05.2008 17 483
Balance carried forward from previous year 3 958 859 3 047 818
TOTAL PROFIT SHOWN IN THE BALANCE SHEET 43 609 395 1 923 958 859
Balance carried forward to new account 3 609 395 3 958 859