NEOPOST - 2018 Registration document

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Corporate governance report

Regulated agreements

if the average of the Chief Executive Officer's variable • remuneration perceived during the last three years is equal or above +50% of his annual variable remuneration after achievement of the annual performance objectives determined and stated by the Board of directors on the recommendation of the remuneration and appointments committee. in the event of such performance, a gross indemnity • amounting to six months' total compensation remuneration based on his fixed remuneration and theoretical at 100% achieved objectives. Pursuant to Article R.225-30 of the French commercial code, the following commitments approved in previous years continued during the last financial year ended 31 January 2019. COLLECTIVE PENSION SCHEME A defined-contribution pension scheme (article 83 of the French general tax code) with a contribution of 5% of annual remuneration, capped at 5 times the Social Security annual ceiling.

In order to qualify for this annuity, the Chief Executive Officer must liquidate his pension entitlements from both the French Social Security pension scheme and supplementary schemes.

COMPENSATION FOR TERMINATION OF DUTIES

In the event of dismissal by the Board of directors (except for gross negligence as defined by French labor laws) during the first two years of his appointment to the position of Chief Executive Officer: compensation subject to annual performance objectives set • out and confirmed by the Board of directors ruling on the recommendations of the appointments and remuneration committee (objectives described in the section "Chief Executive Officer - Remuneration 2019" ); if the aforementioned performance objectives have been • achieved, gross compensation, equaling six months of the Chief Executive Officer’s remuneration on the base of his fixed and variable annual remuneration for achieved objectives.

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REGISTRATION DOCUMENT 2018 / NEOPOST