Registration document 2007 - Total.com
Registration document 2007 - Total.com
Registration document 2007 - Total.com
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Employees, Share Ownership, Stock Options and Restricted<br />
Share Grants<br />
Employees<br />
The tables below set forth the number of employees, by division and geographic location, of the Group (fully consolidated subsidiaries) as<br />
of the end of the periods indicated:<br />
Upstream Downstream Chemicals (a) Corporate <strong>Total</strong><br />
2006 14,862 34,467 44,504 1,237 95,070<br />
2005 14,849 34,611 62,214 1,203 112,877<br />
2004 14,597 34,045 61,570 1,189 111,401<br />
Rest Rest<br />
France of Europe of world <strong>Total</strong><br />
2006 37,831 26,532 30,707 95,070<br />
2005 48,751 30,140 33,986 112,877<br />
2004 49,174 29,711 32,516 111,401<br />
(a) At December 31, 2006, these figures exclude the employees of Arkema, pursuant to the spin-off of these activities in May 2006.<br />
Arrangements for involving employees in the<br />
capital of the Company<br />
Pursuant to agreements signed on March 15, 2002, as<br />
amended, the Group created a “<strong>Total</strong> Group Savings Plan”<br />
(PEGT), a “Partnership for Voluntary Wage Savings Plan” (PPESV,<br />
later be<strong>com</strong>ing PERCO) and a “Complementary Company<br />
Savings Plan” (PEC) for employees of the Group’s French<br />
<strong>com</strong>panies. These plans allow investments in a number of mutual<br />
funds including one that invests in Company shares (“TOTAL<br />
ACTIONNARIAT FRANCE”). A “Shareholder Group Savings Plan”<br />
(PEG-A) has also been in place since November 19, 1999 to<br />
facilitate capital increases reserved for employees of the Group’s<br />
French and foreign subsidiaries covered by these plans.<br />
Savings Plans<br />
The various Company Savings plans (PEGT, PEC) and the Group<br />
Savings plan (“Plan d’Épargne Groupe Actionnariat”-(PEG-A)<br />
linked to the capital increase operations reserved for employees,<br />
give the employees of French Group Companies belonging to<br />
these savings plans access to several collective investment plans<br />
(Fonds <strong>com</strong>muns de placement), including a Fund invested in<br />
shares of the Company (“TOTAL ACTIONNARIAT FRANCE”).<br />
For the employees of foreign <strong>com</strong>panies, the capital increases<br />
reserved for employees were conducted under PEG-A through<br />
the “TOTAL ACTIONNARIAT INTERNATIONAL” Fund and the<br />
Caisse Autonome of the Group in Belgium. In addition, U.S.<br />
employees participate in these operations through ADRs and<br />
Italian employees may participate by directly subscribing to new<br />
shares.<br />
Corporate Governance<br />
Employees, Share Ownership, Stock Options and Restricted Share Grants<br />
Employee shareholding<br />
The total number of TOTAL shares held by employees as of<br />
December 31, 2006 is as follows:<br />
5<br />
TOTAL ACTIONNARIAT France 68,675,754<br />
TOTAL ACTIONNARIAT International 15,542,253<br />
ELF PRIVATISATION N°1 1,683,255<br />
Shares held by U.S. employees 1,905,522<br />
Group Caisse Autonome (Belgium) 491,784<br />
TOTAL shares from the exercise of the Company’s<br />
stock options and held as registered<br />
shares within a Company Savings Plan (PEE) 2,530,385<br />
<strong>Total</strong> shares held by employee shareholder funds 90,828,953<br />
As of December 31, 2006, the employees of the Group held, on<br />
the basis of the definition of employee shareholding contained in<br />
Article L 225-102 of the French Commercial Code, 90,828,953<br />
TOTAL shares, representing 3.74% of the Company’s share<br />
capital on that date.<br />
Capital increase reserved for employees<br />
The shareholders’ meeting held on May 17, 2005 delegated the<br />
Board of Directors the authority to undertake, in one or several<br />
steps, and within a maximum of 26 months, a capital increase<br />
reserved for the employees participating in a Savings Plan.<br />
Pursuant to this delegation of authority, the number of shares to<br />
be issued cannot exceed 1.5% of the capital stock on the day of<br />
the meeting of the Board that decided on the issue. The capital<br />
stock issued will be counted against the overall ceiling for the<br />
capital increase that could be authorized under the same<br />
delegation of authority granted by the shareholders’ meeting held<br />
TOTAL – <strong>Registration</strong> Document 2006 113