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 discontinued when SAP vested disability pension introduced a contributory entitlement at death. retirement pension plan in Entitlements are enforceable 2000. His pension benefits are against SAP SE. Current derived from any accrued pension payments are entitlements on December 31, reviewed annually for 1999, under performance- adjustments and, if applicable, based pension agreements increased according to the and a salary-linked contribution surplus in the pension liability for the period commencing insurance. If service is ended January 1, 2000. Gerhard before the retirement age of 60 Oswald’s rights to retirement (62 for Board Members pension benefits will increase appointed after January 1, by further annual contributions 2012), pension entitlement is because he remains a member reduced in proportion as the of the Executive Board after his actual length of service stands 60th birthday until his in relation to the maximum scheduled retirement on possible length of service. The December 31, 2016. applied retirement pension plan – Bill McDermott has rights to is contributory. The contribution future benefits under the is 4% of applicable portion of the pension plan for compensation up to the SAP America classified as applicable income threshold “Non-Qualified Retirement plus 14% of applicable Plan” according to the U.S. compensation above the Employee Retirement Income applicable income threshold. Security Act (ERISA). The For this purpose, applicable “Non-Qualified” pension plan of compensation is 180% of SAP America is a cash annual base salary. The balance plan that on retirement applicable income threshold is provides either monthly the statutory annual income pension payments or a 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