Remuneration of the Supervisory Board

(2)  Each Supervisory Board member shall receive an attendance fee of EUR 1,000.00, in addition to the reimbursement of his/her expenses for each Supervisory Board meeting attended, whether in person, by telephone or otherwise, but not for merely participating in the adoption of a resolution, and an attendance fee of EUR 1,000.00 for in-person attendance at committee meetings that do not take place on the day of a Supervisory Board meeting.
 
(3)  The following is also received for work on Supervisory Board committees:

a)           The Chair of the Audit Committee shall receive fixed compensation of EUR 90,000.00 payable after the end of the fiscal year; the remaining members of the Audit Committee shall receive fixed compensation of EUR 45,000.00 payable after the end of the fiscal year.

b)           The Chair of the Personnel and the Compensation Committee shall receive fixed compensation of EUR 50,000.00 payable after the end of the fiscal year; the remaining members of the Personnel and Compensation Committee shall receive fixed compensation of EUR 25,000.00, payable after the end of the fiscal year.

c)            The Chair of the Strategy, Technology and ESG Committee shall receive fixed compensation of EUR 40,000.00 payable after the end of the fiscal year; the remaining members of the Strategy, Technology and ESG Committee shall receive fixed compensation of EUR 20,000.00 payable after the end of the fiscal year.

d)           The Chair of the Nomination Committee and the Mediation Committee shall receive fixed compensation of EUR 20,000.00 payable after the end of the fiscal year; the remaining members of the Nomination Committee and the Mediation Committee shall receive fixed compensation of EUR 10,000.00, payable after the end of the fiscal year.
 
(4)  The Supervisory Board members shall be included in a directors’ and officers’ liability insurance policy maintained by the Company at an appropriate amount in the interests of the Company with a reasonable deductible, if there is a deductible. The premiums for this purpose shall be paid by the Company.
 
(5)  Supervisory Board and committee members who have been on the Supervisory Board or a committee for only part of the fiscal year shall receive prorated compensation.
 
(6)  Each Supervisory Board member, with the exception of employee representatives, are obliged to use 25% of the fixed compensation paid in accordance with paragraph 1 to acquire shares of the Company and to hold the shares for the duration of membership on the Supervisory Board. Proof of compliance with the holding obligation must be provided to the Company. The obligation to acquire shares specified in sentence 1 does not apply to compensation that has not yet been paid at the time of departure from the Supervisory Board. Entitlement to the portion of the compensation referred to in paragraph (6) sentence 1 shall lapse retroactively if the Supervisory Board member sells or lends against the purchased shares in full or in part before he/she leaves the Supervisory Board.
 
(7)  The value-added tax accrued on the compensation of the Supervisory Board members shall be reimbursed upon request.
 
(8)  These provisions apply for the first time for the compensation payable for fiscal year 2024.