Retirement benefits for Xavier Huillard
The supplementary pension benefits that Mr Huillard would be entitled to receive in 2025 under the defined benefit pension plan set up by in March 2010 by the Company for its senior executives are subject to a payment limit equal to eight times the annual French social security ceiling.
With respect to the defined benefit pension plan mentioned in paragraph 4.1.2.5, “Pension and insurance plans”, page 156, 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 2024 | Company’s obligation at 31 December 2023 |
|---|---|
|
Estimated amount of future pension payments at 31 December 2024€376,800 per year, equivalent to 11.4% of the short-term fixed and variable remuneration received by Mr Huillard in 2024(*). |
Company’s obligation at 31 December 2023VINCI’s obligation in respect of the supplementary pension plan for Mr Huillard mentioned in paragraph 4.1.2.5, page 156, amounted to €7.3 million, including tax and social security contributions. |
(*) Retirement benefit obligations are also described in Note K.29.1 to the consolidated financial statements, page 375.
| Executive 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 |
|---|---|---|---|---|
| Xavier Huillard, Chairman and Chief Executive Officer |
Xavier Huillard, Chairman and Chief Executive Officer Employment contract No |
Xavier Huillard, Chairman and Chief Executive Officer Supplementary pension plan Yes |
Xavier Huillard, Chairman and Chief Executive Officer Allowances or benefits that could be due as a result of the cessation of duties or a change in duties No |
Xavier Huillard, Chairman and Chief Executive Officer Allowances for non-competitionclause No |
| Xavier Huillard | 2024 | 2023 |
|---|---|---|
| Remuneration payable for the year |
Remuneration payable for the year 2024 3,302,605 |
Remuneration payable for the year 2023 3,303,580 |
| Value of awards under the long-term incentive plan set up on 13 April 2023 |
Value of awards under the long-term incentive plan set up on 13 April 20232024 - |
Value of awards under the long-term incentive plan set up on 13 April 20232023 3,379,988 |
| Value of awards under the long-term incentive plan set up on 9 April 2024 |
Value of awards under the long-termincentive plan set up on 9 April 20242024 3,379,994 |
Value of awards under the long-termincentive plan set up on 9 April 20242023 - |
| Total |
Total 2024 6,682,599 |
Total 2023 6,683,568 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Xavier Huillard | Amount payable for the year as decided by the Board | Amount paid during the year by the Company | Amount payable for the year as decided by the Board | Amount paid during the year by the Company |
| Gross fixed remuneration (1) | 1,300,000 | 1,300,000 | 1,300,000 | 1,296,944 (4) |
| Total gross short-term variable remuneration | 1,996,800 | - | 1,998,006 | - |
| Of which: | ||||
| - Gross short-term variable remuneration | 1,983,050 | 1,984,176 | 1,984,176 | 1,993,370 |
| - Remuneration as a Board member(2) | 13,750 | 13,750 | 13,830 | 13,830 |
| Benefits in kind (3) | 5,805 | 5,805 | 5,574 | 5,574 |
| Total | 3,302,605 | 3,303,731 | 3,303,580 | 3,309,718 |
