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Other contract terms
Loans
Outlook remuneration policy
Ahold
Annual Report 2011
Groupata glance
Performance
(Governance
Financials
Investors
Remuneration continued
Ahold does not provide loans or advances to members of the Corporate Executive Board or
the Supervisory Board. There are no loans or advances outstanding. Ahold does not issue
guarantees to the benefit of members of the Corporate Executive Board or the Supervisory
Board. There have been no such guarantees issued.
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 2012.
