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2007 REGISTRATION DOCUMENT

2007 REGISTRATION DOCUMENT

2007 REGISTRATION DOCUMENT

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CONSOLIDATED FINANCIAL STATEMENTS5Notes to the financial s tatements p repared in accordance with I nternational Financial Reporting S tandards as adopted by the European Union< Contents >➤BENEFITS AWARDED TO THE GROUP’S CORPORATE OFFICERSBenefits awarded to the Group’s corporate officers <strong>2007</strong> 2006Post-employment benefitsRetirement bonusesPresent value of the benefi t obligation 524,901 € 499,556 €Contingent collective defi ned-benefi t top-up pension planTotal present value of the benefi t obligation 30,5 M€ 30,9 M€Defi ned contribution pension planContributions paid by the company during the year 1,416 € 1,367 €Welfare benefitsFlexible personal risk planPremiums paid by the company during the year 10,312 € 9,954 €Garantie Vie Professionnelle Accidents death/disability cover planPremiums paid by the company during the year 9,365 € 9,366 €Supplementary personal risk planPremiums paid by the company during the year 229,924 € 224,219 €1234Stock subscription option plansUnder the authorisation granted by the Extraordinary General Meetingof 18 May 2005, BNP Paribas set up a Global Share-based IncentivePlan, which combines stock options with share awards. The provisionsof this plan were approved by the Board of Directors and apply in fullto the corporate officers.In principle, the Board of Directors grants stock options to the Group’scorporate officers on an annual basis. The options do not carry adiscount. The plans are subject to vesting conditions under which aportion of the options granted is conditional upon the performance ofthe BNP Paribas share relative to the Euro Stoxx Bank index. This relativeperformance is measured at the end of the second, third and fourthyears of the compulsory holding period. Depending on the results of thismeasurement, the exercise price of the portion of the options subject tothis performance-related condition may be increased or their exercisemay be deemed null and void.Stock options are granted to corporate officers as a long-term incentive,in accordance with shareholders’ interests. The number of optionsgranted to corporate officers is determined by the Board of Directorsusing market benchmarks established by firms specialised in surveys ofexecutive remuneration in the European banking sector.Corporate officers are not entitled to share awards.567891011<strong>2007</strong> Registration document - BNP PARIBAS 215

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