IBERSOL | Annual Report 2020

CORPORATE GOVERNANCE REPORT 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. Indication of the annual amount of remuneration earned, in an aggregate and individual manner, by the members of the company’s management body, from the company, including fixed and variable remuneration and, in relation to this, mention of the different compo- nents that gave rise to it 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 services, in 2020, a total of 1,000,000 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- muneration to any of its executive directors. Given that ATPS-Sociedade Gestora de Participações Sociais, SA. is owned by the directors António Carlos Vaz Pinto de Sousa and António Alberto Guerra Leal Teixeira, out 262