Notes to the consolidated financial statements 134 32 Share-based compensation (continued) Share option plans - - 33 Operating leases Ahold as lessee Ahold at a glance Business review Governance Financials Ahold Annual Report 2014 After the introduction of GRO in 2006, options were discontinued as a remuneration component. All options vested by the end of 2009. No options were outstanding for individual Management Board members during 2014. The following table summarizes the status of the share option plans during 2014 for all other employees in the aggregate. Description of grant Outstanding at the beginning of2014 Exercisec Forfeited Expired Outstanding at the end of 2014 Exercise price Expiration date Ten-year 36,000 36,000 6.36 04/03/2015 Total options 36,000 36,000 Weighted average exercise price 6.36 6.36 Weighted average share price at date of exercise 14.10 Ahold leases a significant number of its stores, as well as distribution centers, offices and other assets, parties under non-cancelable operating lease contracts are as follows: under operating lease arrangements. The aggregate amounts of Ahold's minimum lease commitments payable to third million December 28, 2014 December 29, 2013 Within one year 768 687 Between one and five years 2,457 2,155 After five years 2,564 2,409 Total 5,789 5,251 Certain store leases provide for contingent additional rentals based on a percentage of sales and consumer price indices. Substantially all of the store leases have renewal options for additional terms. None of Ahold's leases impose restrictions on Ahold's ability to pay dividends, incur additional debt or enter into additional leasing arrangements. The annual costs of Ahold's operating leases from continuing operations, net of sublease income, are as follows: million 2014 2013 Minimum rentals 690 705 Contingent rentals 20 21 Sublease income (113) (111) Total 597 615 During the fourth quarter of 2013, Ahold closed six stores and three gas stations in the New Hampshire area. In the annual costs relating to minimum rentals for 2013, costs are included for the provision to cover the lease exposure for the closed locations. In addition to the operating lease commitments disclosed above, Ahold has signed lease agreements for properties under development of which it has not yet taken possession. The total future minimum lease payments for these agreements amount to approximately €195 million (2013: €184 million). These lease contracts are subject to conditions precedent to the rent commencement date.

Jaarverslagen | 2014 | | pagina 39