IBERSOL Annual Report 2018

ANNUAL REPORT 2018 73. Criteria that underlie the allocation of variable remuneration in shares and the maintenance of these shares by Executive Directors. No remuneration involving the allocation of shares or any other system of bonuses paid in shares is envisaged. 74. Criteria that underlie the allocation of variable remuneration in options and indication of the deferral period and the exercise price and the members of the Company. No remuneration involving the allocation of share options is envisaged. 75. Main parameters and reasoning for any scheme of annual bonuses and any other noncash benefits. There is no system of annual awards or other non-cash benefits. 76. Main characteristics of complementary pension or early retire- ment schemes for the Administrators. There is no pension or early retirement scheme for members of the gov- erning bodies, audit bodies or other senior managers. IV. Disclosure of remuneration 77. Statement of the annual amount of remuneration received by the board members including fixed and variable remuneration, and for this, mentioning the different components that gave rise The executive members of the Board of Directors are remunerated by the shareholder ATPS-SGPS, SA, which has subscribed a contract for services with Ibersol Restauração, SA., having received for such servic- es, in 2018, a total of 900,000 euros. One of the obligations of ATPS- Sociedade Gestora de Participações Sociais, SA. under the contract for services with Ibersol, Restauração, SA. is to ensure that the directors of the Company António Carlos Vaz Pinto de Sousa and António Alberto Guerra Leal Teixeira perform their duties without the Company incurring any additional expense. So, the Company does not directly pay any re- 175