The compensation of the Chairman, Deputy Chairman and the other
Basic Compensation p.a. | Chairman | Deputy Chairman | Board Member | |||
Fixed compensation in cash (CHF) | 240 000 | 90 000 | 70 000 | |||
Long-term oriented compensation in the form of a fixed number of shares 1) | 2 000 | 1 200 | 800 | |||
Pension (if applicable) | yes 2) | no | no | |||
Social Security benefits (if applicable) | yes 2) | yes 3) | yes 3) | |||
Additional fixed compensation in cash (CHF) p.a. | Committee Chair / Committee Member | |||||
Audit Committee | 0 | 10 000 | ||||
Nomination and Compensation Committee | 0 | 10 000 | ||||
1) The blocking period of the shares is at least three years. The share blocking periods are not to be rescinded on retirement from the Board.
2) The employer’s obligatory contributions to social security and accident insurance schemes and regulatory contributions to pensions from the compensations paid to the Chairman are borne by the company. The Swiss system defines a portion of the pension and social security contribution to be paid by the employee. Accordingly these contributions are deducted from the fixed compensation in cash.
3)The obligatory contributions towards social security out of the remuneration paid to Board Members are covered by the company.
The fixed compensation in cash, including if applicable an additional compensation for committee service, is generally paid at the end of the year in office. In the event of early termination of office, it is paid out on pro-rata basis.
The long-term oriented compensation in the form of a fixed number of shares is allocated only at the end of the one year term in office. The total market value of the shares is accrued in accordance with the accrual principle in the financial statements of the given financial year.