Note 8
Remuneration
-
-
-
-
-
-
-
-
-
-
- -
Shares and other interests in Ahold
Amounts in the table below do not include the remuneration for former Corporate Executive Board members after their
resignation from the Corporate Executive Board.
Euros in thousands
Base I
salary I Bonuses 1
Share-
based
compen
sation 2
Accrued
termin
ation
benefits Other 4
A.C. Moberg
1,500
1,440
287
- 141
3,368
3,753
H. Ryöppönen (resigned from the
Board effective August 31, 2005) 5
421
126
- 36
583
2,662
P.N. Wakkie
500
625
215
205
- 14
1,559
1,619
M.P.M. de Raad (resigned from the
Board effective January 7, 2005) 6
12
4
2
- 1
19
2,504 7
W.J. Grize (resigned from the Board
effective December 31, 2004)
2,588 8
J.G. Andreae (resigned from the
Board effective February 23, 2004)
202
Total
2,433
2,065
506
333
- 192
5,529
13,328 1
2
Bonuses represent accrued bonuses to be paid in the following year. The actual bonus amounts may vary from the accrued bonuses, pending their approval by the
Remuneration Committee.
The amounts included in the table for share-based compensation represent the share-based compensation expense calculated under IFRS 2 related to the grants to Corporate
Executive Board members. The fair value of share-based compensation grants is expensed on a straight-line basis over the three year vesting period of the grants. 2004
remuneration amounts have been adjusted compared with the 2004 financial statements to include share-based compensation expenses. Share-based compensation plans are
discussed in Note 9.
3 Pension costs are the total net periodic pension costs.
4 "Other" mainly includes representation allowances, employer's contributions to social security plans, allowances for private medical insurance and benefits in kind such as tax
advice and medical expenses. Mir. Moberg received a contractually agreed allowance of EUR 83 for pensions in lieu of participation in a pension plan.
5 Upon Mr. Ryöppönen's resignation, the options and Performance Share Grants granted to him, as well as the accrued rights under a US non-qualified retirement plan, forfeited.
The reversal of previously recognized expenses is not included in the remuneration table.
6 After his resignation from the Corporate Executive Board, Mr. De Raad continued to assist Ahold in finalizing certain divestment activities until July 1, 2005, for which he has
been compensated.
Includes a termination benefit of EUR 637 that Mr. De Raad received at the date of his retirement and a single pension premium payment of EUR 323 related to his retirement.
Includes a termination benefit of EUR 880 (USD 1,195) that Mr. Grize will receive at the date of his retirement, which is expected to be April 30, 2006.
7
As of January 1, 2006, Corporate Executive Board members held the following shares and other interests in Ahold:
Common
shares
A.C. Moberg
P.N. Wakkie
369,999
7,500
Total
377,499
AHOLD ANNUAL REPORT 2005 117
