6.5. Key provisions of Executive Committee members' 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 its Chairman (or CEO), 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.
Executive Committee members will not benefit from any contractual departure indemnity linked to the exercise of their office. In case of early termination, only the legal system applies.
Mr. Jean-Pierre Clamadieu’s contract does not include a contractual indemnity in case of early termination except a 24-month non-competition clause.
Executive Committee members’ contracts currently do not contain a clause providing a right of claw-back of variable compensation in cases of erroneous financial information.