IBERSOL | Annual Report 2021

CORPORATE GOVERNANCE REPORT 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 retirement schemes for the Directors and date on which they were approved at the general meeting, on an individual basis. 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, S.A., which has subscribed on 2nd Janu- ary 2021 a contract for services with Ibersol Restauração, S.A., having received for such services, in 2021, a total of 1,000,000 euros. One of the obligations of ATPS - Sociedade Gestora de Participações Sociais, S.A. under the contract for services with Ibersol, Restauração, S.A. is to ensure that the Executive Directors of the Company António Alberto Guerra Leal Teixeira and António Carlos Vaz Pinto de Sousa perform their duties without the Company incurring any additional expense. So, the Company does not directly pay any remuneration to any of its Executive Directors. Given that ATPS - Sociedade Gestora de Partici- pações Sociais, S.A. is owned by the Directors António Carlos Vaz Pinto de Sousa and António Alberto Guerra Leal Teixeira, it is esteemed that out of the above-mentioned total of 1,000,000 euros in 2021, each Di- rector received the amount of 500,000 euros. The Executive Directors do not receive any type of remuneration, either fixed or variable, in other companies of the Group, nor do they have supplementary pension rights or any other, or early retirement rights which have been set and/or ac- quired during the financial year in question, nor do they receive any bo- nuses and/or other remunerative benefits. 282