6.1 Overview of compensation components
The table below provides an overview of the compensation components for the Board of Directors and the Management Board, with more details on both included later in the report:
Management Board 1) | Board of Directors 1) | |||
CEO/CFO/GVPs | BoD | |||
Fixed compensation components | ||||
Fixed base salary | X | |||
Benefits 2) | X | |||
Expense allowance 3) | X | |||
Cash car allowance 3) 4) | X | |||
Cash retainer (fixed fee) | X | |||
Restricted shares | X | |||
Committee fee 5) | X | |||
Pension benefits | ||||
X | ||||
Variable compensation components (performance related) | ||||
Short-term cash incentive award VCC | X | |||
Long-term equity incentive award 6) EEAP | X | |||
Social and other benefits | ||||
Other benefits | X |
1)Mandatory social security contributions (AHV/ALV or for the international MB the local equivalent company costs) are paid by Sonova and disclosed in the compensation report.
2)MB members under a non-Swiss employment contract receive benefits in line with local practice.
3)Only for MB members with a Swiss employment contract.
4)Flat rate cash car allowance.
5)If applicable.
6)Awarded in the form of Performance Options and PSUs.