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Annual Report & Accounts 2015 - REPORT OF THE REMUNERATION COMMITTEE
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4. Bonus total 2015 total 2014 € € executive Directors K alexander 3,630,747 3,496,827 r Cooper 1,866,325 1,793,821 non-executive Directors L feldman 1,486,879 1,391,524 n Blythe-tinker - 167,103 K Diacono 69,000 69,000 7,052,951 6,918,275 K alexander r Cooper L feldman K Diacono share option base 1,600,000 800,000 800,000 - Dividend per share €0.56 €0.56 €0.56 Dividend bonus (note 4.1) €896,000 €448,000 €448,000 - Dividend pool bonus (note 4.2) €1,715,741 €857,871 €857,871 - Dividend target bonus (note 4.3) €1,019,006 €560,454 €181,008 €69,000 €3,630,747 €1,866,325 €1,486,879 €69,000 4.1 Dividend Bonus the share options granted to directors in may 2010 and June 2012 attracted a bonus calculated by reference to the number of options held and the dividends per share declared. following the surrender of those options, the dividend bonuses continued to be paid under the 2015 retention plan, as set out in note 6.4 below. 4.2 Dividend Pool Bonus providing that dividends paid in a fiscal year exceed 35.99 €cents per share, 10% of the total dividend cost (2015: €34,314,828) was awarded to the directors in the ratio: K alexander 5%; r Cooper 2.5%, L feldman 2.5%. this scheme was fully disclosed on page 354 of the prospectus published by the Group on 25 January 2013. 4.3 Dividend target Bonus providing that dividends exceed 54.99 €cents per share in a fiscal year, the directors were entitled to receive 100% of their base salary/fees. this bonus scheme was approved by the remuneration Committee on 13 December 2013. Differences between the bonus paid and the salary/fees disclosed on page 29 relate to foreign exchange differences and certain allowances that are not included in base salary. 5. Directors' service and consultancy Agreements notice Date period by appointed Arrangement either party executive Directors K alexander 19 april 2010 service contract 12 months* r Cooper 19 april 2010 service contract 12 months* non-executive Directors L feldman 19 april 2010 Letter of appointment 12 months* K Diacono 19 april 2010 Letter of appointment 12 months n teufelberger 2 february 2016 Letter of appointment: 2 year period remaining period s morana 2 february 2016 Letter of appointment: 3 year period remaining period p isola 2 february 2016 Letter of appointment: 3 year period remaining period * If either of the executive directors or the chairman either resign for good reason or are given notice without cause, employment can terminate seven days later and the director would be entitled to a settlement based upon two years basic salary (or fee in the case of the chairman) and two years bonus. 30 GVC HOLDINGS PLC ANNUAL REPORT 2015 RePoRt oF the ReMUneRAtion coMMittee continued