57 Outlook remuneration policy Remuneration continued Ahold Annual Report 2010 Group at a glance Performance Fi nancials Investors Other contract terms Loans Ahold does not provide loans to members of the Corporate Executive Board. There are no loans outstanding. Additional arrangements In addition to the remuneration allocated to Corporate Executive Board members, a number of additional arrangements apply. These include expense allowances, medical insurance, and accident insurance, and are in line with standard practice in the Netherlands. Employment agreements The term of appointment for all Corporate Executive Board members is set at four years, while the term of employment is indefinite. If the Company terminates the employment agreement of any member of the Corporate Executive Board, the severance payment is limited to one year's base salary. The same applies if an initial employment agreement for four years is not continued because the Corporate Executive Board member is not reappointed. The employment agreements may be terminated by Ahold with a notice period of 12 months, and by the Corporate Executive Board member with a notice period of six months. No major changes to either the policy or the design of the incentive programs are suggested for 2011.

Jaarverslagen | 2007 | | pagina 91