Annual report 2016

NOTE 9
SALARIES AND REMUNERATION      
         
NOK 1 000
   
2016
2015
Salaries
   
93 665
63 544
Social security tax
   
8 109
10 878
Pension costs (note 15)
   
6 437
7 828
Other benefits
   
2 931
3 309
Total
   
111 142
85 559
         
Average number of man-labour years
   
37
36
         
Salary and remuneration to Group CEO
       
         
NOK 1 000
Salary
Bonus
Benefits in kind
Pension
John Giverholt
3 553
1 627
259
1 595
         
The Group CEO's bonus scheme is limited to MNOK 6.0. Bonus is based on the results achieved in the Group.
         
The Group CEO participates in Ferd's collective pension schemes for salaries below 12 G. This is a contribution scheme (cf. note 15). The Group CEO also has a benefit scheme for a pension basis higher than 12 G, but with an upper limit of appr. MNOK 2.4, together with an early retirement pension scheme giving him the opportunity to retire at 65 years.
         
The Group CEO is entitled to 9 months severance pay if he has to resign from his position.
         
Fees to the Board
No specific fees have been paid for board positions in Ferd AS.

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