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 42.7, and other salar y benefts to M SEK 2.1. The a g gre gate short -term v ariable compensation relatin g to the 2012 per formance amounted to M SEK 9.2, whereof M SEK 3.1 will be allocated in shares in 2014 and M SEK 6.1 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 6.0. 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 1.6 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 1.5 (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 share-based 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 42–100 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 share-based incentiv e scheme , as w ell as the potential allocation of shares in 2014 under the 2012 share-based 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 40–100 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 0.0 Other member s of Group M ana g ement (13 per sons) 45   496 2.8 T ot al holdin g s 45   496 2.8 1 Potential allocation of shares 2014, accor din g to Securit as share-based 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