2 www.ahold.com/reports2008
Notes to the consolidated financial statements
30 Related party transactions continued
Financial statements
AHOLD ANNUAL REPORT 2008 93
Kimberly Ross
The Company's revised employment agreement with Kimberly Ross, dated February 25, 2008, provides for a base salary of
EUR 500,000 per year, retroactively as of November 16, 2007, participation in the annual cash incentive plan, as well as
participation in the Company's equity-based long-term incentive program (GRO - see Note 31). The at-target payout under the
annual cash incentive plan is 100 percent of the base salary and is capped at 125 percent in case of extraordinary performance.
Unless Kimberly Ross' employment agreement is otherwise terminated, she will be eligible for reappointment in 2012. In the event
the Company terminates Kimberly Ross' employment agreement for reasons other than cause or because she is not reappointed,
Kimberly Ross is entitled to a severance payment equal to one year's base salary. Kimberly Ross' employment agreement may be
terminated by the Company with a notice period of twelve months and by Kimberly Ross with a notice period of six months. Kimberly
Ross participates in the US Benefits Plans: the Salary Continuation Plan (SCP), the Ahold USA Pension Plan and the 401(k) Plan.
Peter Wakkie
The Company's employment agreement with Peter Wakkie, dated October 9, 2003, provides for a base salary currently set at
EUR 600,000 per year, participation in the annual cash incentive plan, as well as participation in the Company's equity-based long
term incentive program (GRO - see Note 31). The at-target payout under the annual cash incentive plan is 100 percent of the base
salary and is capped at 125 percent in case of extraordinary performance. Peter Wakkie was reappointed in 2008. Unless Peter
Wakkie's employment agreement is otherwise terminated, he will be eligible for reappointment in 2012. In the event the Company
terminates Peter Wakkie's employment agreement for reasons other than cause or because he is not reappointed, Peter Wakkie is
entitled to a severance payment equal to one year's base salary. Peter Wakkie's employment agreement may be terminated by the
Company with a notice period of twelve months and by Peter Wakkie with a notice period of six months. Peter Wakkie participates
in Ahold's Dutch Pension Plan.
Dick Boer
The Company's revised employment agreement with Dick Boer, dated March 29, 2007, provides for a base salary of EUR 625,000
per year, participation in the annual cash incentive plan, as well as participation in the Company's equity-based long-term incentive
plan (GRO - see Note 31). The at-target payout under the annual cash incentive plan is 100 percent of base salary and is capped
at 125 percent in case of extraordinary performance. Unless Dick Boer's employment agreement is otherwise terminated, he will be
eligible for reappointment in 2011. In the event the Company terminates Dick Boer's employment agreement for reasons other than
cause or because he is not reappointed, Dick Boer is entitled to a severance payment equal to one year's base salary. Dick Boer's
employment agreement may be terminated by the Company with a notice period of twelve months and by Dick Boer with a notice
period of six months. Dick Boer participates in Ahold's Dutch Pension Plan.
