6.5. Most important provisions of their contractual relationships with the Company and/or an affiliated company, including the provisions relating to compensation in the event of early departure
Executive Committee members, including the Chairman, have directorships in Group subsidiaries as a function of their responsibilities.
Where such directorships are compensated, they are included in the amounts given above, regardless of whether the position is deemed to be salaried or undertaken on a self-employed basis under local legislation.
No Executive Committee member, including the Chairman, will benefit from any departure indemnity linked to the exercise of their office. If their service ends early, only the legal system applies.
Mr. Jean-Pierre Clamadieu’s contract includes a 24-month non-competition clause, but with no more than 12 months’ pay.
Executive Committee members’ contracts do not contain a clause providing a right of claw-back of variable compensation in cases of erroneous financial information.