With respect to the defined benefit pension plan mentioned in paragraph 4.1.2.5, page 145, and as required by Decree 2016-182 of 23 February 2016, the following points should be noted:
| Estimated amount of future pension payments at 31 December 2021 | Company’s obligation at 31 December 2021 (*) |
|---|---|
|
Estimated amount of future pension payments at 31 December 2021 €329,088 per year, equivalent to 15.6% of the short-term fixed and variable remuneration received by Mr Huillard in 2021. |
Company’s obligation at 31 December 2021 (*)VINCI’s obligation in respect of the supplementary pension plan for Mr Huillard mentioned in paragraph 4.1.2.5, page 145 amounted to €9.3 million, including tax and social charges. |
(*) Retirement benefit obligations are also described in the Notes to the consolidated financial statements on pages 335 to 337.
| Executive company officer | Employment contract | Supplementary pension plan | Allowances or benefits that could be due as a result of the cessation of duties or a change in duties | Allowances for non-competition clause |
|---|---|---|---|---|
|
Executive company officer Xavier Huillard, Chairman and Chief Executive Officer(*) |
Employment contract No |
Supplementary pension plan Yes |
Allowances or benefits that could be due as a result of the cessation of duties or a change in duties Yes (**) |
Allowances for non-competition clause No |
(*) Term of office renewed: 17 April 2018; term of office ends: 2022 Shareholders’ General Meeting.
(**) Mr Huillard is eligible for severance pay in the event that the Company terminates his appointment as Chairman and Chief Executive Officer prior to the normal expiry of his term of office as Director, as described in paragraph 4.1.2.6, page 145.
| Xavier Huillard | 2021 | 2020 |
|---|---|---|
| Remuneration awarded in respect of the year (*) |
Remuneration awarded in respect of the year (*)20213,067,974 |
Remuneration awarded in respect of the year (*)20202,076,054 |
| Value of awards under the long-term incentive plan set up on 8 April 2021 |
Value of awards under the long-term incentive plan set up on 8 April 2021 20212,429,976 |
Value of awards under the long-term incentive plan set up on 8 April 2021 2020n/a |
| Value of awards under the long-term incentive plan set up on 18 June 2020 |
Value of awards under the long-term incentive plan set up on 18 June 2020 2021n/a |
Value of awards under the long-term incentive plan set up on 18 June 2020 20202,150,592 |
| Xavier HuillardTotal | 20215,497,950 | 20204,226,646 |
(*) Figures take into account the voluntary reductions in remuneration requested by Mr Huillard.
| 2021 | 2020 | |||
|---|---|---|---|---|
| Xavier Huillard | Amount due for the year as decided by the Board | Amount paid during the year by the Company | Amount due for the year as decided by the Board | Amount paid during the year by the Company |
| Gross fixed remuneration (1) | 1,200 000 | 1,200,000 | 1,200,000 | 1,200,000 |
|
Of which: - Payment to Mr Huillard - Payment to the Fondation VINCI pour la Cité |
1,200,000 |
|
1,150,000 50,000 (4) |
|
| Total gross short-term variable remuneration | 1,862,400 | - | 920,858 | - |
|
Of which: - Gross short-term variable remuneration |
1,848,650 13,750 |
907,188 13,750 |
907,188 13,670 |
1,697,740 13,670 74,413 (4) |
| Benefits in kind (3) | 5,574 | 5,574 | 5,196 | 5,196 |
| Total | 3,067,974 | 2,126,512 | 2,126,054 | 2,991,019 |
| Total paid to Mr Huillard | 2,126,512 | 2,866,606 | ||
| Total paid to the Fondation VINCI pour la Cité | - | 124,413 | ||
(1) See paragraph 4.1.2.2, page 143.
(2) In 2020 and 2021, Mr Huillard received remuneration as a Board member from a foreign subsidiary of VINCI. These amounts are considered as included in the total remuneration for the year as decided by the Board, acting on a proposal from the Remuneration Committee. Consequently, they are deducted from the amount of the total gross short-term variable remuneration payable to him in respect of the year during which this remuneration as a Board member was paid. Mr Huillard does not receive remuneration as a Board member from VINCI SA.
(3) Mr Huillard had the use of a company car in 2020 and 2021.
(4) In the context of the Covid-19 crisis, Mr Huillard waived a portion of his remuneration equivalent to 25% of its fixed component for 2020 and its variable short-term component in respect of 2019, on a pro rata basis for the months of April and May in 2020, requesting that this amount be paid by the Company to the Fondation VINCI pour la Cité.
