After consulting the Appointments, Remuneration and Governance Committee which met on 9 February 2021, the Board of Directors approved at its meeting on 17 February 2021 the remuneration policy described below for the Chairman and Chief Executive Officer:
| Components of the remuneration | Amounts paid during the 2020 fiscal year | Amounts allocated for the 2020 fiscal year | Policy for the fiscal year 2021 |
|---|---|---|---|
| Fixed remuneration | Fixed remuneration Amounts paid during the 2020 fiscal year € 450 000 | Fixed remuneration Amounts allocated for the 2020 fiscal year € 450 000 | Fixed remuneration Policy for the fiscal year 2021 On recommendation from the Committee, the Board which met on 17 February 2021 decided to maintain the fixed annual remuneration of the Chairman andChief Executive Officer for the 2021 fiscal year at€450,000 gross. This fixed annual remuneration, which corresponds to the ceiling provided for by theDecree of 9 August 1953, has remained unchanged since Mr Lévy’s appointment as Chairman and Chief Executive Officer of EDF in 2014. |
| Variable remuneration | Variable remuneration Amounts paid during the 2020 fiscal year none | Variable remuneration Amounts allocated for the 2020 fiscal year none | Variable remuneration Policy for the fiscal year 2021 none |
| Multi-year variable remuneration | Multi-year variable remuneration Amounts paid during the 2020 fiscal year none | Multi-year variable remuneration Amounts allocated for the 2020 fiscal year none | Multi-year variable remuneration Policy for the fiscal year 2021 none |
| Possibility of deferring or repaying the variable remuneration | Possibility of deferring or repaying the variable remuneration Amounts paid during the 2020 fiscal year n/a | Possibility of deferring or repaying the variable remuneration Amounts allocated for the 2020 fiscal year n/a | Possibility of deferring or repaying the variable remuneration Policy for the fiscal year 2021 n/a |
| Exceptional remuneration | Exceptional remuneration Amounts paid during the 2020 fiscal year none | Exceptional remuneration Amounts allocated for the 2020 fiscal year none | Exceptional remuneration Policy for the fiscal year 2021 none |
| Stock options, performance shares or other long-term benefits | Stock options, performance shares or other long-term benefits Amounts paid during the 2020 fiscal year none | Stock options, performance shares or other long-term benefits Amounts allocated for the 2020 fiscal year none | Stock options, performance shares or other long-term benefits Policy for the fiscal year 2021 none |
| Remuneration for serving as a Director | Remuneration for serving as a Director Amounts paid during the 2020 fiscal year n/a | Remuneration for serving as a Director Amounts allocated for the 2020 fiscal year n/a | Remuneration for serving as a Director Policy for the fiscal year 2021 The Chairman & Chief Executive Officer does not receive any remuneration for his or her term of office as Director. |
| All types of benefits | All types of benefits Amounts paid during the 2020 fiscal year 3,660 | All types of benefits Amounts allocated for the 2020 fiscal year 3,660 | All types of benefits Policy for the fiscal year 2021 Benefit corresponding to the provision of a company car that the Board has decided to maintain for the 2021 fiscal year. |
| Signing allowance | Signing allowance Amounts paid during the 2020 fiscal year none | Signing allowance Amounts allocated for the 2020 fiscal year none | Signing allowance Policy for the fiscal year 2021 none |
| Severance pay or end-of-service allowance | Severance pay or end-of-service allowance Amounts paid during the 2020 fiscal year none | Severance pay or end-of-service allowance Amounts allocated for the 2020 fiscal year none | Severance pay or end-of-service allowance Policy for the fiscal year 2021 none |
| Non-competition clause | Non-competition clause Amounts paid during the 2020 fiscal year none | Non-competition clause Amounts allocated for the 2020 fiscal year none | Non-competition clause Policy for the fiscal year 2021 none |
| Supplementary pension scheme | Supplementary pension scheme Amounts paid during the 2020 fiscal year none | Supplementary pension scheme Amounts allocated for the 2020 fiscal year none | Supplementary pension scheme Policy for the fiscal year 2021 none |
| Remuneration paid or granted by a company included in the scope of consolidation within the meaning of Article L. 233-16 of the French Commercial Code | Remuneration paid or granted by a company included in the scope of consolidation within the meaning of Article L. 233-16 of the French Commercial Code Amounts paid during the 2020 fiscal year none | Remuneration paid or granted by a company included in the scope of consolidation within the meaning of Article L. 233-16 of the French Commercial Code Amounts allocated for the 2020 fiscal year none | Remuneration paid or granted by a company included in the scope of consolidation within the meaning of Article L. 233-16 of the French Commercial Code Policy for the fiscal year 2021 none |
n/a: not applicable.
As the remuneration of the Chairman and Chief Executive Officer is set at the ceiling set by the decree of 9 August 1953 and does not include a variable portion, its determination is not based on criteria related to the Company’s performance.
