Remuneration of the Executive Board

The remuneration of the members of the Executive Board is determined in their contracts of employment. The criteria for assessing the amount of the remuneration are the tasks of the respective Board members and their own individual performance, as well as the economic situation, the success and the outlook of the company and the level of remuneration customarily paid in the comparable business environment.

Along with a fixed remuneration component, each member of the Executive Board receives a variable component. The latter is divided into two parts: one of which is results-based and calculated according to the return on capital employed (ROCE), and the other which depends on the overall performance of the individual Board member. The results-based part is capped and evaluated over a number of years, which also creates a long-term incentive to achieve good, sustainable results.

In addition, the company has agreed pension payments with members of the Executive Board. Over their respective time horizon, these payments are capped at a maximum of 60 % of the fixed remuneration. This commitment is not linked to the variable components of remuneration. In the event of a termination of Executive Board member activities due to a change of control, the Board members are entitled to settlement in the amount of overall remuneration for the remaining term of their contracts of employment. This claim is, however, limited to three years’ remuneration. In the event of premature termination of Executive Board activities without an important reason, the Executive Board members are entitled to the remuneration agreed until expiry of the contract. However, in the case of contracts signed after June 2008, this entitlement is restricted to the amount of two years’ remuneration (fixed and variable components). No benefits were granted or pledged by external parties to the individual members of the Executive Board in the financial year 2011 or in 2010 for their activities as Executive Board members.

In €	Annual payment in 2011 (2011)
	Fixed remuneration	Remuneration in kind	Variable remuneration	Remuneration for Supervisory Boeard activities in subsidiaries	Total
Prof. Dr.-Ing. Heinz Jörg Fuhrmann, Vice Chairman until January 31, 2011 Chairman since February 1, 2011	708,000 (516,000)	23,321 (27,084)	900,000 (602,000)	58,750 (71,359)	1,690,071 (1,216,443)
Prof. Dr.-Ing. h. c. Wolfgang Leese, Chairman until January 31, 2011	60,000 (720,000)	3,984 (50,359)	0 (840,000)	0 (1,000)	63,984 (1,611,359)
Burkhard Becker since February 1, 2011	385,000	13,324	385,000	8,300	791,624
Wolfgang Eging	450,000 (420,000)	20,307 (20,715)	480,000 (490,000)	900 (900)	951,207 (931,615)
Heinz Groschke	450,000 (420,000)	40,817 (44,417)	480,000 (490,000)	24,350 (31,155)	995,167 (985,572)
Johannes Nonn	420,000 (420,000)	22,194 (23,283)	420,000 (490,000)	1,600 (1,600)	863,794 (934,883)
Peter-Jürgen Schneider	450,000 (420,000)	37,853 (37,798)	480,000 (490,000)	27,250 (34,813)	995,103 (982,611)
Sum total	2,923,000 (2,916,000)	161,800 (203,656)	3,145,000 (3,402,000)	121,150 (140,827)	6,350,950 (6,662,483)

In €	Annual payment upon pension eligibility as per 31/12/2011 (as per 31/12/2010)	Transfer to pension provisions in 2011 (2010)
Prof. Dr.-Ing. Heinz Jörg Fuhrmann1), Vice Chairman until January 31, 2011, Chairman since February 1, 2011	540,000 (309,600)	2,264,892 (458,120)
Prof. Dr.-Ing. E. h. Wolfgang Leese1), Chairman until January 31, 2011	(432,000)	(894,289)
Burkhard Becker1) since February 1, 2011	252,000	1,534,227
Wolfgang Eging 1)	288,000 (252,000)	795,785 (476,852)
Heinz Groschke 1)	288,000 (252,000)	800,872 (473,133)
Johannes Nonn1)	252,000 (252,000)	799,365 (799,365)
Peter-Jürgen Schneider 2)	118,656 (103,824)	356,288 (237,728)
Sum total	1,738,656 (1,601,424)	6,551,429 (3,339,487)