4.4 Legal risk - Scor

The members of the Executive Committee do not receive directors’ fees in respect of their directorships of companies in
which SCOR holds more than 20% of the capital.
For additional information on stock options held by members of the Executive Committee, refer to Sections 17.2.2 - Stock
options held by members of the Executive Committee and other company officers as at 31 December 2012 and 17.2.3 –
Free allocation of shares to COMEX members and other company officers as at 31 December 2012.
Each member of the Executive Committee benefits from the use of a vehicle for business purposes; The Chairman and
Chief Executive Officer has a company car (with a shared driver).
The benefits in kind and insurance services granted to the Chairman and Chief Executive Officer are presented in Appendix
B - Report of the Chairman of the Board of Directors on the terms and conditions for preparing and organising the work of
the Board of Directors and on internal control procedures in compliance with Article L. 225-37 of the French Commercial
Code.
In the event of a change in the structure of the share capital of the Company, if a member of the Executive Committee is
dismissed (except for reason of serious or gross misconduct) or if he decides to resign, he will benefit from (i) a cash
payment equal to the amount of fixed and variable compensations paid to him by the Group for the one financial year prior
to his departure, (ii) a cash payment compensating him for his inability to exercise stock options granted prior to his
departure date and which he would be unable to exercise due to the vesting period conditions set forth in the applicable
stock option plan, in an amount to be determined by an independent expert using the “Black-Scholes” pricing model, and (iii)
a cash payment compensating him for his inability to definitively acquire Ordinary Shares granted to him for free prior to his
departure and which he would be unable to acquire due to the terms and conditions of the applicable free share allocation
plan. The amount of this cash payment is equal to the product of the number of shares concerned by the average value of
the opening prices of the Ordinary Shares of SCOR SE in the Paris Stock exchange during the twenty trading days
preceding the date of the change in the structure.
15.1.3 REMUNERATION IN THE FORM OF OPTIONS AND SHARE ALLOCATION
Refer to Section 17.2. – Information on shareholdings and stock options or Company stock purchases by members of
administrative and management bodies.
15.2 Total amounts set aside or accrued to provide
pension, retirement, or similar benefits for financial
year 2012
Like all the Group’s senior executives based in France and employed by the Group at 30 June 2008, the Chairman and
Chief Executive Officer benefits from pension coverage capped at 50% of the average last salaries, provided in particular he
has been with the Group for a minimum of five years. The rights to this pension are calculated on the basis of the average
compensation received over the last five years with the Group. The right to a supplementary pension is only acquired under
the condition notably that the beneficiary is a corporate officer or an employee of the Company when he claims his rights for
the pension, according to the rules in force at that time.
Like all senior executives employed in France , the members of the Executive Committee who joined SCOR before 30 June
2008 and are employed in France, are entitled to a guaranteed capped pension plan conditioned on a minimum five years
length of service with the Group, the payment of which is based on their average compensation over the last five years. This
pension plan was closed to employees hired after 30 June 2008.
The amount of the additional pension guaranteed by the Group varies from 20% to 50% of the average compensation over
the last five years, depending on seniority acquired in the Group at retirement. The additional pension guaranteed by the
Group is defined after deductions of the pensions paid out through the compulsory schemes.
The pension benefits offered to the members of the Executive Committee who are not French citizens are comparable to the
pension benefits offered to those who are French citizens.
Two executives under a Swiss contract are entitled to a specific scheme with a guaranteed pension of 50% of the average
compensation over the last five years before retirement.
The total commitment of the Group for defined benefits retirement plans for the Executive Committee members (including
the Chairman and Chief Executive Officer) amounts at EUR 33 million as at 31 December 2012, i.e.,13% of the total
commitment of the Group for pension plans of EUR 254 million.
No retirement benefit (or commitment) has been paid to the directors.
Refer also to Section 20.1.6 – Notes to the Consolidated Financial Statements, Note 24 – Related party transactions and
Appendix A – Unconsolidated corporate financial statements of SCOR SE, Note 6 – Contingency reserves.
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