BIC - 2020 Universal Registration Document

CORPORATE GOVERNANCE

Corporate Officers’ remuneration

Maximum Payments: • maximum of 50% of remuneration at normal retirement • age ( i.e. , age 60) and 20 years of service, including the pension granted by the U.S. Qualified Pension Plan. Method of funding: • The Supplementary Executive Retirement Plan is • unfunded. However, BIC invests in life insurance policies to offset the cost of the plan. The U.S. Qualified Pension Plan is funded through a trust. Other expenses paid by the Company: • BIC pays the cost of administration, accounting valuations • under IAS 19 and actuarial valuations for the U.S. Qualified Pension Plan. As of December 31, 2020, James DiPietro had accrued a pension benefit equivalent to 52.34% of the average remuneration of the last three years of service out of his 22.5 years of service ( i.e. , for information, an annual pension equal to 489,365 U.S. dollars (including the benefit from the U.S. Qualified Pension Plan) as a single life annuity payable at age 60 (inclusive of the U.S. Qualified Pension Plan benefit), assuming he had stopped his activity on December 31, 2020). He has elected to receive his Supplementary Executive Retirement Plan benefit as a lump sum.

Total remuneration 4.2.2.7 All amounts mentioned in this section take into consideration the duration of the Board or Executive Corporate Officer mandate, or of the membership in the Executive Committee during the considered fiscal years. The total amount of fixed and variable remuneration awarded to the Chair of the Board and the two Executive Corporate Officers for the fiscal year 2020 is equal to 1,231,171 euros in fixed remuneration (base) and 859,931 euros in variable remuneration. For the fiscal year 2019, the amounts paid to the four Corporate Officers were equal to 1,578,150 euros in fixed remuneration (base) and 1,000,564 euros in variable remuneration. The total amount of remuneration awarded to the teammembers as a member of the Executive Committee (9 team members including the Chief Executive Officer and the Executive Vice-President) during the fiscal year 2020 is equal to 3,560,257 euros in fixed remuneration (base) and 1,681,832 euros in variable remuneration. For the fiscal year 2019, the Executive Committee comprised 9 team members and those amounts were 2,944,824 euros in fixed remuneration (base) and 1,754,762 in variable remuneration.

4.2.2.8 TABLE J (Table 11 following the format of French Financial Markets Authority Position-Recommendation No. 2009-16)

Commitments concerning Corporate Officers (related to the start or end of a mandate)

Indemnities and benefits due or likely to be due because of a termination or change in positions

Non-competition indemnities

Employment contract

Supplementary pension plan

Yes

No

Yes

No

Yes

No Yes

No

Corporate Officers

Pierre Vareille, Chair of the Board Initial date of appointment: May 16, 2018 Term: 2021 AGM Gonzalve Bich Chief Executive Officer Initial date of appointment: June 2, 2016 Term: indefinite duration James DiPietro Executive Vice-President Initial date of appointment: June 2, 2016 Term: June 30, 2020

X

X

X

X

X (a)

X (See section 4.2.2.6 )

X

X

X (b)

X (See section 4.2.2.6 )

X

X

No employment contract was concluded between SOCIÉTÉ BIC and Gonzalve Bich. His remuneration is paid by BIC International. No termination payments are provided for these (a) functions. which can be terminated at any time. No employment contract was concluded between SOCIÉTÉ BIC and James DiPietro. His remuneration is paid by BIC International. No termination payments are provided for these (b) functions. which can be terminated at any time.

194

• BIC GROUP - 2020 UNIVERSAL REGISTRATION DOCUMENT •