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Inhoudsopgave Voorwoord Bestuursverslag Corporate governance
Consolidated Financial Statements Company Financial Statements Pillar 3
In 2016,4 buy outs were awarded to Identified Staff for a total
amount of EUR 1.0, the highest being EUR 0.7. Severance
payments were agreed upon for 15 Identified Staff for the
total amount of EUR 5.8, with the highest being EUR 1.2.
To 1 Identified Staff, a retention bonus of EUR 0.2 was awarded.
In total 8 Identified Staff earned a total remuneration (including
pension contributions) between EUR 1.0 and 1.5 and 1
Identified Staff earned a total remuneration slightly above
EUR 1.5.
Table 62 discloses the actual payments to Identified Staff.
Distinction is made between the direct payments of the cash
based direct variable pay relating to 2016, and the amounts that
are payable from former years (i.e. direct instruments, relating
to 2015, that have been held for one year, the deferred cash
relating to 2013 that has been deferred for three years and the
deferred instruments relating to 2012 that have been deferred
for three years and a holding period of one year).
Table 59: Actual payments to Identified Staff (in thousands).
Calculations to EUR for table 58-60 are based on the average
exchange rates Jan-Oct 2016. DRN price is based on the
average closing rates of Rabobank Certificates of 6-10 February
2017 (EUR 27.81).
Exceptions to the Group Remuneration Policy
The Supervisory Board has agreed to allow a maximum of
200% of the fixed income for a specified group of sales persons
working at DLL in the US and Canada. None of these sales
persons belong to the group of Identified Staff.
Also, for one new hire, it was decided to defer the sign on
bonus for 40%. The mentioned exceptions are all within the
boundaries of CRD IV regulations.
Actual payments to Identified Staff
(former) Executive Board
Retail, incl. RN
Wholesale
Leasing
Real Estate
from former
from former
from former
from former
from former
In thousands of euros
from 2016
years
from 2016 years
from 2016
years
from 2016
years
from 2016
years
Cash based
5
82 301
5,684
2,533
453
575
152
Instruments
399
8,407
1,796
210
Malus and claw back
No amounts of malus (withdrawal of conditional amounts)
and claw back (withdrawal of unconditional, but not yet paid
amounts) are applied to Identified Staff members in 2016.
Table 60 shows the outstanding deferred compensation for
Identified Staff. Vested amounts are unconditional, but subject
to a holding period of one year. The unvested amounts are
conditional, and may be subject to malus in the future.
Table 60:Total amount of outstanding deferred
compensation Identified Staff (in thousands).
Total amount of outstanding deferred compensation for Identified Staff
former) Executive Board Retail, incl. RN
Wholesale
Leasing
Real Estate
In thousands of euros
Vested Unvested Vested Unvested
Vested
Unvested
Vested Unvested
Vested
Unvested
Cash based
162
19,197
1,591
347
Instruments
6 - 445 168
8,723
17,402
1,158 1,701
152
361
368 Rabobank Jaarverslag 2016
