Detail of Individual Payments received by each Board Member
D.1 Detail of Individual Payments received by Board Members
A) Remunerations Accrued in Abengoa, S.A. (in thousands of Euros):
Note 1: Represented D. José B. Terceiro Lomba
Note 2: Fron 06.04.2014
As has been described in previous sections, the Company has no share-based or long-term savings-based system of remunerations. Neither has it granted advances, credits or bonds to any board members.
By virtue of their condition as Abengoa employees, during the financial year the Company disbursed €2 (in thousands of Euros) in purchasing life insurance premiums for the following executive board members:
B) Remunerations received by board members of Abengoa SA for serving on boards of other companies of the group (in thousands of Euros):
Abengoa has no share-based or long-term savings-based system of remunerations. Neither has the Company granted advances, credits or bonds to any board members, or paid any amounts in concept of life insurance premiums.
C) Summary of the remunerations (thousands of €):
Note 1: Represented D. José B. Terceiro Lomba
Note 2: Fron 06.04.2014
D.2 Relation between Remunerations and Results of the Company
The essential reference for the variable annual remuneration is the evolution of EBITDA, whether for Abengoa in general or, for executive board members holding non-general responsibilities, commensurate with the degree of responsibility.
- At the end of the financial year this basic quantitative element will be considered together with other qualitative elements, which may vary from year to year, and may allow the decision to be based on the actual amount of the variable remuneration at that moment.
- Based on the criteria established for determining the annual bonus, it is paid in proportion to the degree of how they are met.