Executive Board Members' Compensation

and discretefor 2015 – arising

payments
Management View through application of the fixed
€ thousands Fixed Performance-
exchange-rateCompen-
clause.
Elements Related sation for
Element 2015
END-OF-SERVICE BENEFITS
Short-Term Incentive Element Long-Term Incentive Element
Regular End-of-Service
Salary Other1) STI Share-Based
Undertakings
Payment
Retirement Pension Plan
(RSU
The following retirement
Milestone
pension agreements apply to
Plan 2015)2)
the individual members of the
Bill 1,150.0 1,258.0 2,743.5 4,127.5 9,279.0
Executive Board:
McDerm
– Michael Kleinemeier, Bernd
ott
Leukert, Luka Mucic, and
(CEO)
Gerhard Oswald receive a
Robert 700.0 103.3 1,660.5 1,480.6 3,944.4
retirement pension when they
Enslin
reach the retirement age of 60
Michael 116.7 0 277.5 315.0 709.2
(62 for Board Members
Kleinem
appointed after January 1,
eier
2012) and retire from their
(from
Executive Board seat, or a
Novemb
disability pension if, before
er 1,
reaching the regular retirement
2015)
age, they become subject to
Bernd 700.0 11.7 1,660.5 1,480.6 3,852.8
occupational disability or
Leukert
permanent incapacity. A
Luka 700.0 12.1 1,660.5 1,480.6 3,853.2
surviving dependent’s pension
Mucic
is paid on the death of a former
Gerhard 700.0 22.4 1,660.5 1,480.6 3,863.5
member of the Executive
Oswald
Board. The disability pension is
Total 4,066.7 1,407.5 9,663.0 10,364.9 25,502.1
100% of the vested retirement
pension entitlement and is
payable until the beneficiary’s
60th birthday, after which it is
1) Insurance contributions,
replaced by a retirement
benefits in kind, expenses for
pension. The surviving
maintenance of two
dependent’s pension is 60% of
households, use of aircraft, tax
the retirement pension or
vested disability pension
entitlement at death.
Entitlements are enforceable
against SAP SE. Current
pension payments are
reviewed annually for
adjustments and, if applicable,
increased according to the
surplus in the pension liability
insurance. If service is ended
before the retirement age of 60
(62 for Board Members
appointed after January 1,
2012), pension entitlement is
reduced in proportion as the
actual length of service stands
in relation to the maximum
possible length of service. The
applied retirement pension plan
is contributory. The contribution
is 4% of applicable
compensation up to the
applicable income threshold
plus 14% of applicable
compensation above the
applicable income threshold.
For this purpose, applicable
compensation is 180% of
annual base salary. The
applicable income threshold is
the statutory annual income
threshold for the state pension
plan in Germany (West), as
amended from time to time.
Originally, Gerhard Oswald was
under a performance-based
retirement plan. This plan was
discontinued when SAP
introduced a contributory
retirement pension plan in
2000. His pension benefits are
derived from any accrued
entitlements on December 31,
1999, under performance-
based pension agreements
and a salary-linked contribution
for the period commencing
January 1, 2000. Gerhard
Oswald’s rights to retirement
pension benefits will increase
by further annual contributions
because he remains a member
of the Executive Board after his
60th birthday until his
scheduled retirement on
December 31, 2016.
– Bill McDermott has rights to
future benefits under the
portion of the pension plan for
SAP America classified as
“Non-Qualified Retirement
Plan” according to the U.S.
Employee Retirement Income
Security Act (ERISA). The
“Non-Qualified” pension plan of
SAP America is a cash
balance plan that on retirement
provides either monthly
pension payments or a