Carrefour - 2017 Registration Document

3 CORPORATE GOVERNANCE Compensation and benefits granted to Company Officers CARREFOUR | 2017 REGISTRATION DOCUMENT 151 3. Non-compete obligation The termination payment is contingent on the non-compete obligation that will come into effect when Alexandre Bompard terminates his duties as Chairman and Chief Executive Officer. This obligation will last 18 months as from the time he leaves office. The purpose is to prohibit him from working for a competitor within a number of specified businesses operating in the retail food industry. 4. Amount of the termination payment Lastly, Alexandre Bompard will be eligible for a termination payment equal to his annual fixed and target variable compensation, excluding all other forms of compensation, such as that paid under a long-term incentive plan. 5. Termination payment conditions In accordance with the provisions of Article L. 225-42-1 of the French commercial code, no payment can be made before the Board of Directors states that the above conditions have been fulfilled (on the date of or after the termination or the effective change of position of the Chairman and Chief Executive Officer). Compensation or benefits due or likely to be due upon taking office N/A Directors’ attendance fees The amount of Directors’ attendance fees paid to Alexandre Bompard in his capacity as Chairman of the Board of Directors, Director and Chairman of the Strategic Committee is determined according to the rules defined in Section 3.4.1 of this Registration Document. Supplementary healthcare and insurance schemes Alexandre Bompard is covered by healthcare and death and disability insurance plans. Benefits in kind Alexandre Bompard has a company car with a driver, corresponding to a gross benefit in kind valued at 1,450 euros (prorata over six months).