Executive Committee

The remuneration of the members of the Executive Committee is determined by the Remuneration Committee. It is composed of a fixed and a variable part. The total gross remuneration paid to the five members of the Executive Committee relative to the year 2009 amounted to EUR 6,113,171.02, of which EUR 2,872,974.86 represented the fixed part and EUR 3,240,196.16 the variable part.

The direct remuneration paid to the members of the Executive Committee amounted to EUR 4,047,947.70 whereas the indirect remuneration was EUR 2,065,223.32. The indirect remuneration also contains the benefits derived by the members of the Executive Committee from the company’s executive stock option plan and the long-term incentive plan, as adopted by the Board of Directors.

During 2009, the members of the Executive Committee were awarded a combined total of 217,814 options to acquire company FDRs at an exercise price of EUR 13.68, the price being based on the average of the closing price on Euronext Paris of the first 15 trading days following the Remuneration Committee meeting at which the options were authorised. A quarter of those options vested on January 1, 2010, the remaining quarters vesting on January 1, 2011, 2012 and 2013 respectively. In 2009, members of the Executive Committee were granted 98,866 restricted shares as part of the company’s long-term incentive plan as well as 38,946 performance shares. These shares will vest after three years.

During 2009, Martin Halliwell and Mark Rigolle exercised some of their stock options, whereas all the members of the Executive Committee sold some or all of the restricted shares which vested on July 1. SES publishes the details of all transactions made by its board members, the members of its Executive Committee and the members of the Management Committees of its main operating companies on its website.

Company stock owned by members of the Executive Committee

On December 31, 2009, the members of the Executive Committee owned a combined total of 139,421 shares and FDRs, 200,241 unvested restricted shares and 1,724,296 options. Transactions made by members of the Executive Committee or members of the Management Committees of SES ASTRA, SES WORLD SKIES and SES ENGINEERING are published on the company’s website under Management Disclosures. Management Disclosures.