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1.
A mutual advance notice period in the event of early voluntary termination of the
contract. This period will be a minimum of two months, with a penalty equivalent to
the proportional remuneration corresponding in the event of non-compliance.
2.
Variable remuneration specifically tied to permanence at the Company.
3.
Variable remuneration subordinated to the Company's economic targets, which will
not be received in the event an external auditor expresses significant objections,
reservations or qualifications regarding the accounts prepared by the Board of
Directors.
4.
A commitment by the director to return any amount received as variable
remuneration if, finally and for any reason, it is clearly accredited that the data used
to calculate and pay such remuneration was inaccurate.
5.
A post-contractual non-competition clause for a one-year period following
termination of the contract.
When executive directors are hired, indemnity clauses may be stipulated, applicable only
during the first two years in which the contract is in force and only in the event of a
unilateral and unfair termination by the Company. The maximum limit of the amount of
this indemnity payment will be one year's salary.
Indemnity clauses may also be stipulated in the event of a change in the Group's controlling
shareholder, with a maximum indemnity payment equivalent to an annual payment of the
director's full remuneration, including the variable and fixed component.
A.8 Explain any supplementary remuneration paid to directors as consideration for the
services provided other than those inherent to their position.
Table D.1 includes the remuneration received by non-executive directors who, however,
perform additional professional duties or activities, other than those required of a director.
These benefits, which constitute a different type of remuneration, normally consist of
strategic advisory work, consulting and institutional relations.
A.9 Indicate any remuneration in the form of advances, credits and guarantees granted,
indicating the type of interest, its essential characteristics and the amounts possibly
refunded, together with the obligations assumed on their behalf by way of security.
There is no remuneration of this kind.
A.10 Explain the main characteristics of payments in kind.
Certain executive directors are covered by life insurance and health insurance policies,
whose cost depends on the number of families considered to be beneficiaries. The total cost
in this connection in 2014 amounted to €42 thousand, of which €16 thousand relate to the
life insurance premiums as detailed in section D.a) iv of this report, and €26 thousand
related to health insurance premiums.