Schedules forming part of the Financial ... - Thomas Cook India

22
Thomas Cook (India) Limited
Details of fixed component and performance linked incentives paid for the financial year ended 31st December, 2011:
Name of Director Salary
Fixed (`) Performance Linked Incentives (`)
Mr. Madhavan Menon 19,044,969 –
Mr. Vinayak K. Purohit 16,376,616 –
Mr. Rakshit Desai 28,762,863 –
Total 64,184,448 –
Details of Service Contracts, Notice Period, etc. of all the Directors for the financial year ended 31st December, 2011
Sr.
No.
Name of Director Contract Period (Tenure) Service
Contract
Notice
Period
Severance fees, if any
1 Mr. Madhavan Menon 1st May, 2009 to 30th April, 2012 Yes 12 months* As decided by the
management
2 Mr. Vinayak K.
Purohit
14th May, 2007 to 13th May, 2010 Yes 3 months As decided by the
management
14th May, 2010 to 13th May, 2013 Yes 3 months As decided by the
management
3 Mr. Rakshit Desai 25th November, 2008 to 24th November, 2010 Yes 3 months As decided by the
management
25th November, 2010 to 24th November, 2011 Yes 3 months As decided by the
management
25th November, 2011 to 24th November,2012 Yes 6 months As decided by the
management
4 Non-Executive
Directors
None. The Non-Executive Directors liable to
retire by rotation, get re-appointed as per the
provisions of Articles of Association of the
Company and the Companies Act, 1956
*Amended vide Supplemental Agreement dated 11th February, 2011
No None None
Stock option details, if any, and whether the same has been issued at a discount as well as the period over which accrued and over
which exercisable:
Note: None of the Non-Executive Directors were issued / granted employee stock options under the Thomas Cook Employee Stock
Option Plan 2007 (ESOP Scheme 2007) or the Thomas Cook Save As You Earn Scheme 2010 (SAYE Scheme 2010) as on 31st December,
2011.
Name of the Director
Thomas Cook Employee Stock Option Plan 2007 (ESOP Scheme 2007)
Grant in 2007 Grant in 2008 Grant in 2009 Grant in 2010 Grant in 2011
Options
accepted
Discount
%
Options
accepted
Discount
%
Options
accepted
Discount
%
Options
accepted
Discount
%
Options
accepted
Discount
%
SAYE Scheme 2010
Options
accepted
*
Mr. Madhavan Menon 205000 5% 205000 5% - - - - - - 16500 10%
Mr. Vinayak K. Purohit 162500 5% 162500 5% - - - - - - 16500 10%
Mr. Rakshit Desai - - - - - - - - - - 16500 10%
Discount
%
Period of accrual: In case of ESOP Scheme 2007, 1/3rd of the options granted, vest every year, over three (3) years; in case of SAYE
Scheme, the vesting would occur at the end of thirty-six (36) monthly contributions
Exercise Period: In case of ESOP Scheme 2007, all the vested options are exercisable over a period of ten (10) years from the respective
grant dates; in case of SAYE Scheme 2010, the exercise period is one (1) month from vesting.
* The figures of options mentioned in this column have changed pursuant to the change in the interest rate as per the terms of the
SAYE Scheme 2010.