Cynthia Carroll and René Médori participated in defined contribution pension arrangements in terms of their contracts with AAS. In 2008, normal contributions were payable on their behalf at the rate of 30% of their basic salaries payable under these contracts.
The amounts payable into defined contribution pension schemes by the Group in respect of the individual directors were as shown in Figure 15.
No director was eligible in 2008 for membership of any defined benefit pension scheme.
No person who served as a director of the Company during or before 2008 has been paid or received retirement benefits in excess of the retirement benefits to which he/she was entitled on the date on which benefits first became payable (or 31 March 1997, whichever is later).
|Figure 15: Defined contribution pension schemes|