Other member s of Group M ana g ement Durin g 2012 the other Group m ana g ement consis ted of the follo win g 13 member s includin g those who left durin g the y ear Santia g o Galaz Divisional President Securit y Ser vices North America William B arthelem y Chief Oper atin g Ofcer Securit y Ser vices North America B art Adam Divisional President Securit y Ser vices Europe Erik Jan Jansen Divisional President M obile and M onitorin g M arc P issens President A viation L uis Posadas Divisional President Securit y Ser vices Ibero America Antonio V illaseca Lope z Senior V ice President T echnical Solutions G isela Linds tr and Senior V ice President Corpor ate Communications and P ublic Afair s Jan Linds trom Senior V ice President Finance and Asa Thunman Senior V ice President G ener al Counsel Three member s left the Group m ana g ement durin g 2012 L ucien m eeus Divisional President M onitorin g left the Group M ana g ement on Augus t 8 2012 Aime L y a gre Chief Oper atin g Ofcer Securit y Ser vices Europe and Kim S v ensson Senior V ice President Corpor ate Finance both left the Group M ana g ement on October 25 2012 Compensation to these mem ber s is included up until these dates In the 2012 fnancial y ear the other member s of Group M ana g ement a g gre gate fx ed salaries amounted to M SEK 427 and other salar y benefts to M SEK 21 The a g gre gate short term v ariable compensation relatin g to the 2012 per formance amounted to M SEK 92 whereof M SEK 31 will be allocated in shares in 2014 and M SEK 61 will be paid in cash in 2013 The other 13 member s of Group m ana g ement ha v e individual pension plans The retirement a g e v aries from countr y to countr y and pension plan The retirement a g e is 65 y ear s for se v en member s and for six member s no retirement a g e is a greed As described under Principles abo v e member s can allocate part of their remuner ation to a defned contribution pension plan All member s ha v e defned contribution pension plans for which pension premiums are allocated from the member s tot al remuner ation and paid b y the compan y durin g the term of emplo yment These premiums ma y v ar y but are limited to amounts deductible for t ax purposes b y the compan y In 2012 the pension cos ts for these member s of Group M ana g ement amounted to M SEK 60 No pension benefts are conditioned b y future emplo yment F our member s ha v e a S w edish defned beneft pension plan ITP but can also allocate part of their remuner ation to a defned contribution plan The S w edish defned beneft plan guar antees a lifetime pension from the a g e of 65 The pension compensation corresponds to a cert ain percent a g e of the fnal salar y and the maximum pensionable income is M SEK 16 per emplo y ee This pension beneft is funded throug h annual premiums paid b y the compan y durin g the term of emplo yment and the pension cos t for these four member s in 2012 w as M SEK 15 included in the tot al pension cos t s t ated in the t able belo w for other Group M ana g ement U pon dismissal the notice period and a rig ht to a se v er ance pa y after the end of the notice period is equiv alent to a maximum of 24 months fx ed salar y for member s of Group M ana g ement Short and lon g term incentiv es Short term as w ell as lon g term incentiv es for elig ible emplo y ees in Securit as include clearly measur able per formance based t ar g ets that are set as close to the local business as possible and aim for lon g term proft abilit y of the Group The per formance t ar g ets that are required to achie v e maximum bonus v ar y dependin g on the position of the emplo y ee but are as a principle based on y ear on y ear impro v ement of the oper atin g result EBIT A in the area of responsibilit y In principle all oper ativ e per sonnel at rele v ant le v els in all re g ions also ha v e t ar g ets based on impro v ement of cash fo w f or the President and CEO as w ell as the four member s of Group m ana g e ment responsible for s t af functions no lon g term incentiv es are in place and the short term incentiv e is based on y ear on y ear real impro v ement of the earnin g s per share The President and CEO and the other member s of Group m ana g ement are included in the short term Securit as sharebased incentiv e schemes 2010 2011 and 2012 respectiv ely which w ere appro v ed b y the Annual G ener al M eetin g s in these y ear s These short term incentiv e schemes for which the maximum bonus is limited to 42100 percent of the fx ed base salar y is paid b y t w o thir ds in cash in the be g innin g of the y ear follo win g the per formance y ear and the remainin g one thir d is used to acquire Series B shares in Securit as AB o v er the s tock mark et These shares are allocated to Group M ana g ement i n M arch t w o y ear s follo win g the per formance y ear conditioned b y a con tinuous emplo yment durin g the v es tin g period See further information in note 2 and 12 Information re gar din g the fnal allocation of shares to the Group m ana g ement in m arch 2013 under the 2011 sharebased incentiv e scheme as w ell as the potential allocation of shares in 2014 under the 2012 sharebased incentiv e scheme and the fair v alue of these shares are disclosed in the t ables belo w Durin g 2012 fv e member s of Group M ana g ement ha v e had lon g term incentiv e plans in which the maximum bonus is limited to 40100 percent of the fx ed base salar y The lon g term bonus plans are pro vided for durin g the per formance y ear and are paid out b y one thir d per y ear o v er the three follo win g y ear s At resignation b y a mana g ement emplo y ee an y unpaid lon g term bonus will s t a y with the compan y There is no pro vision or com pensation for lon g term bonus progr ams for the 2012 per formance The accumulated pro vision for lon g term bonus progr ams amounted to M SEK 0 for Group M ana g ement member s as per December 31 2012 ALL OCA TION O f S h ARE S T O GRO u P m ANA GE m ENT REL A TING T O SEC u RIT AS Sh ARE B ASED INCENTI v E SC h E m E 2012 Number of shares 1 f air v alue 2 M SEK 2012 2012 Alf G or ansson President and CEO 0 00 Other member s of Group M ana g ement 13 per sons 45 496 28 T ot al holdin g s 45 496 28 1 Potential allocation of shares 2014 accor din g to Securit as sharebased incentiv e scheme 2012 accor din g to purchase prices for Securit as Series B shares in M arch 2013 The allocation of shares is conditioned b y a continued emplo yment as per F ebruar y 28 2014 The information does not include shares to Group M an a g ement member s who ha v e left durin g the y ear 2 f air v alue of potential allocation of shares based on Securit as Series B share purchase prices in m arch 2013 The amount does not include share related bonus for Group m ana g ement member s who ha v e left durin g the y ear 92 Annual R eport Notes and comments to the consolidated fnancial s t atements Securit as Annual R eport 2012