These amounts were borne and paid in full by Lectra SA. The executive directors received no compensation or special beneﬁts from subsidiaries controlled by Lectra SA under article L. 233-16 of the French Commercial Code. (For the record, Lectra SA is not controlled by any other company.)
The table below lists the existence or otherwise of an employment contract, additional pension entitlements, beneﬁts payable at the start of contract, or on termination or reassignment, and provision of payment in return for non-competition clauses, introduced by the amended version of the AFEP-MEDEF Code.
André Harari, Chairman of the Board of Directors Daniel Harari, Chief Executive Ofﬁcer
Employment contract Additional pension entitlements Entitlement to payment or beneﬁts in the event of termination or reassignment Payment in return for non-competition clause
None None None None
None None None None
Aggregate and Individual Attendance Fees Paid to Directors and Rules Governing their Distribution Directors’ fees paid are detailed in the table below. The total ﬁgure of €160,000 approved by the General Meeting of Shareholders on April 30, 2014, in respect of ﬁscal 2013 was apportioned equally among the directors (€40,000, or one quarter of the total, for each director).
The total amount of directors’ fees had been unchanged since ﬁscal 2006 (€100,000). Directors’ fees in respect of ﬁscal 2014 are presented subject to approval by the Shareholders’ Meeting. They will be divided equally among the directors (€40,000, or one quarter of the total, for each director) as in previous years.
2014 40,000 40,000 40,000 40,000 160,000 2013 40,000 40,000 40,000 40,000 160,000
André Harari, Chairman of the Board of Directors Daniel Harari, Chief Executive Ofﬁcer Anne Binder, Director Bernard Jourdan, Director Total
The company has applied this method of allocation, distributing the fees equally among the Directors and with no variable portion, for very many years. It has proved its effectiveness and reinforced the collegiate sense and spirit of solidarity among the Directors. It acknowledges the Directors’ 100% attendance rate (96% in 2014, exceptionally) at Board meetings and the 100% attendance rate at meetings of the Board Committees. Directors receive no additional attendance fees for their attendance at meetings of the Audit, Compensation and Strategic Committees.
Policy Governing the Granting of Stock Options to All Beneﬁciaries and Speciﬁc Policy Governing the Granting of Stock Options to Executive Directors Stock options are reserved for persons within the company or an afﬁliated company that are linked by an employment contract and/or in their capacity as an executive director, and who are entitled by law to receive stock options, whose responsibilities, missions, and/or performance justify their being given a stake in the capital stock of the company by the granting of stock options. Additional disclosure on options granted is provided in chapter 7 of this report.