Annual Report 2009
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Contracts of employment

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Members of the Board of Management have a 4-year contract of employment with the Company.

Contract terms for current members1)
 
end of term
 
 
G.J. Kleisterlee
April 1, 2011
P-J. Sivignon
April 1, 2013
G.H.A. Dutiné
April 1, 2011
R.S. Provoost
April 1, 2010
A. Ragnetti
April 1, 2010
S.H. Rusckowski
April 1, 2011
1) Reference date for board membership is December 31, 2009

The main elements of the contracts are made public no later than the date of the notice convening the General Meeting of Shareholders at which the appointment of the member of the Board of Management will be proposed.

The severance payment is set at a maximum of one year’s salary, or in case this is ‘manifestly unreasonable’ for a member of the Board of Management in his first appointment period, the amount is maximized at twice the annual salary.

Information on the individual remuneration of the members of the Board of Management is shown in the tables below as well as in the tables in note (31) Information on remuneration.

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This is an interactive electronic version of the Philips Annual Report 2009 and also contains certain information in summarized form. The contents of this version are qualified in their entirety by reference to the printed version of the Philips Annual Report 2009. The printed version is available as a PDF file on this website. Information about: forward-looking statements, third-party market share data, fair value information, IFRS basis of presentation, use of non-GAAP information, statutory financial statements and management report, reclassifications and analysis of 2008 compared to 2007.
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