PERNOD-RICARD - URD 2021-22 EN

2. Corporate governance Compensation report

Other benefits

Exception to the implementation of the compensation policy for the Chairman and CEO In accordance with the second paragraph of III of article L. 22-10-8 of the French Commercial Code, in the event of exceptional circumstances, the Board of Directors may depart from applying elements of the compensation policy, provided that such a departure is temporary, is in the Company’s interest and is necessary to ensure the Company’s continued existence or viability. Any departure will be decided by the Board of Directors, on the recommendation of the Compensation Committee and after obtaining the opinion, where necessary, of an independent consulting firm, it being understood that reasons must be given for this departure. Such a departure may only be temporary and in exceptional circumstances, in particular a major event affecting markets in general or that of wines & spirits in particular. The compensation elements that may be departed from, in either a positive or negative sense, are the annual or long-term variable compensation (but without the limits being modified).

Company car For fulfilling his or her duties as a representative of the Company, the Executive Director has a company car. Insurance, maintenance and fuel costs are borne by the Company. Collective healthcare and welfare schemes The Executive Director enjoys the benefit of the collective healthcare and welfare schemes offered by the Company under the same terms as those applicable to the category of employees to which they belong for the determination of their welfare benefits and other additional components of their compensation.

Employment contract/corporate office (Table 11 AMF nomenclature)

Indemnities or advantages due or liable to be due by virtue of the discontinuance of or change in their positions

Indemnities relating to a non-compete clause

Supplementary defined-benefit pension scheme

Employment contract

Executive Directors

Yes

No

Yes

No

Yes

No

Yes

No

Mr Alexandre Ricard, Chairman and CEO (1) X Mr Alexandre Ricard resigned from his employment contract on 11 February 2015, when he was appointed Chairman and CEO. Before this, his employment (1) contract with Pernod Ricard had been suspended since 29 August 2012. X X X

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Pernod Ricard Universal Registration Document 2021-2022