Page 363 - 2012 Annual Report

363
VIVENDI l 2012 l Annual Report
FINANCIAL REPORT – CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE
CONSOLIDATED FINANCIAL STATEMENTS – STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS –
STATUTORY FINANCIAL STATEMENTS 4
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7. STATUTORY AUDITORS’ REPORT ON RELATED PARTY AGREEMENTS AND COMMITMENTS
IV - VIVENDI SA 2012 STATUTORY FINANCIAL STATEMENTS
AGREEMENT ON THE ADDITIONAL RETIREMENT BENEFITS
(Members of the Management concerned: Messrs Jean-François Dubos,
Philippe Capron, Bertrand Meheut and Abdeslam Ahizoune)
Your Supervisory Board authorized the implementation of an additional
pension plan for senior executives, including the actual members of the
Management Board holding an employment contract with your company.
The Chairman of the Management Board, whose employment contract has
been suspended, takes advantage of this additional pension plan.
The main terms and conditions of the additional pension plan are as
follows: a minimum of three years in office, progressive acquisition of
rights according to seniority (over a period of 20 years); a reference salary
for the calculation of the pension equal to the average of the last three
years; dual upper limit; reference salary capped at 60 times the social
security limit, acquisition of rights limited to 30% of the reference salary;
application of the Fillon Act (rights maintained in the event of retirement
at the initiative of the employer after the age of 55); and payment of 60%
in the event of the beneficiary’s death. The benefits are lost in the event
of a departure from the company, for any reason, before the age of 55.
The provision recognized in the 2012 financial statements for the
additional retirement benefits related to Management Board members, in
office during the year, amounts to €1,632 thousand, on a pro rata temporis
basis. Messrs Jean-Bernard Levy and Frank Esser lost their rights to the
additional pension plan in effect at Vivendi.
Paris La Défense, February 25, 2013
The Statutory Auditors
KPMG Audit
Département de KPMG S.A.
ERNST & YOUNG et Autres
Frédéric Quélin Jean-Yves Jégourel