Remuneration for Management Board members


(x EUR 1)

Salary

Variable
remuneration

Pension
costs

Pension costs (supplementary)

Other
payments1

Total 2018

D.A. Benschop2

287,821

46,051

18,225

41,687

10,865

404,648

J.A. Nijhuis3

210,601

33,696

14,613

31,265

8,806

298,981

A. van den Berg

364,734

58,357

26,686

41,584

43,958

535,319

J.T.M. van der Meijs

364,734

58,357

26,686

37,917

20,199

507,892

B.I. Otto

364,734

58,357

26,686

41,584

19,471

510,832

Total

1,592,624

254,818

112,895

194,037

103,297

2,257,671

  • The stated amounts mainly concern (share of) allowances to the management board members that can be considered as remuneration. In a situation where such a share of an allowance can be considered as (indirect) remuneration then the share is both valued and accounted for here. The method employed by the fiscal authorities is the starting point for the value stated.
  • from 1 May 2018
  • until 1 July 2018

(x EUR 1)

Salary

Variable
remuneration

Pension
costs

Pension costs (supplementary)

Other
payments1

Total 2017

J.A. Nijhuis

420,159

63,024

25,802

60,170

13,410

582,565

A. van den Berg

357,135

53,570

23,874

40,060

34,501

509,140

E.A. de Groot2

148,289

-

9,908

15,687

7,124

181,008

J.T.M. van der Meijs3

268,516

40,277

18,046

27,756

17,604

372,199

B.I. Otto

357,135

53,570

23,842

40,060

17,074

491,681

Total

1,551,234

210,442

101,472

183,733

89,713

2,136,594

  • The stated amounts mainly concern (share of) allowances to the management board members that can be considered as remuneration. In a situation where such a share of an allowance can be considered as (indirect) remuneration then the share is both valued and accounted for here. The method employed by the fiscal authorities is the starting point for the value stated.
  • until 1 June 2017
  • from 1 April 2017

The remuneration of Management Board members is disclosed in accordance with Section 2:383c of the Dutch Civil Code. Periodic remuneration comprises the total of gross salary and holiday pay.

Based on the Supervisory Board's assessment of the extent to which the targets were achieved, the short-term incentives as presented in the table above have been charged to the result for 2018. The total variable remuneration for the Management Board over the year 2018 is determined to be 16% of their respective fixed salaries.

The other payments concern allowances for representation expenses and the employer’s share of social security contributions.

On 1 July 2018 Mr Nijhuis' employment agreement ended. No termination fee has been agreed with Mr Nijhuis. The Supervisory Board asked Mr Nijhuis to retain his international board positions on behalf of Schiphol Group until 1 April 2019. In return for these services, in 2018 Mr Nijhuis received a remuneration of 105.000 euros.

For further details, please refer to note Management Board remuneration.

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Subsidiaries