Remuneration for Management Board members

• ¹ The stated amounts mainly concern (share of) allowances to the management board members that can be considered as remuneration. In a situation where such a share of an allowance can be considered as (indirect) remuneration then the share is both valued and accounted for here. The method employed by the fiscal authorities is the starting point for the value stated.
• ² from 1 May 2018
• ³ until 1 July 2018

• ¹ The stated amounts mainly concern (share of) allowances to the management board members that can be considered as remuneration. In a situation where such a share of an allowance can be considered as (indirect) remuneration then the share is both valued and accounted for here. The method employed by the fiscal authorities is the starting point for the value stated.
• ² until 1 June 2017
• ³ from 1 April 2017

The remuneration of Management Board members is disclosed in accordance with Section 2:383c of the Dutch Civil Code. Periodic remuneration comprises the total of gross salary and holiday pay.

Based on the Supervisory Board's assessment of the extent to which the targets were achieved, the short-term incentives as presented in the table above have been charged to the result for 2018. The total variable remuneration for the Management Board over the year 2018 is determined to be 16% of their respective fixed salaries.

The other payments concern allowances for representation expenses and the employer’s share of social security contributions.

On 1 July 2018 Mr Nijhuis' employment agreement ended. No termination fee has been agreed with Mr Nijhuis. The Supervisory Board asked Mr Nijhuis to retain his international board positions on behalf of Schiphol Group until 1 April 2019. In return for these services, in 2018 Mr Nijhuis received a remuneration of 105.000 euros.

For further details, please refer to note Management Board remuneration.