Emoluments (excluding pension arrangements) of the Chairman and directors were as follows:
| Salary and fees(11) | Benefits | Performance | Compensation for loss of office | Total 2002 | Total 2001 £000 | ||
Chairman |
|
|
|
|
|
|
|
|
Deputy Chairman | 3 | 49.0 | 0.3 | -- |
| 215.0 | 264.3 | 180.1 |
Executive directors |
|
|
|
|
|
|
|
|
Non-executive directors |
6 |
4.3 |
-- |
-- |
|
3.5 |
7.8 |
17.8 |
|
| 642.1 | 65.7 | 86.2 |
| 311.3 | 1,105.3 | 683.8 |
Air Marshal Graham s Jock" Stirrup served as a director of the company until 25 July 2001 but received no remuneration from NATS.
1. Sir Roy McNulty resigned as a director of the company on 25 July 2001. He received compensation totalling £106,500 for loss of office including £9,000 in benefits in kind and £17,200 to augment his pension.
2. Dr Chris Gibson-Smith was appointed as Chairman with effect from 1 September 2001.
3. Bill Semple was an executive director until October 2000 when he became a non-executive director. He resigned as a director on 25 July 2001. He received compensation totalling £215,000 for loss of office including £500 in benefits in kind.
4. Richard Everitt was appointed director on 26 July 2001. The company paid contributions of £35,400 (2001-£nil) to a funded unapproved retirements benefits scheme to provide benefits in respect of earnings above the earnings cap. These benefits are excluded from the pension table below but are included in the directors' remuneration table.
5. The company paid contributions of £6,700 (2001-£2,300) to a funded unapproved retirements benefits scheme to provide benefits in respect of earnings above the earnings cap. These benefits are excluded from the pensions table below but are included in the directors' remuneration table.
6. Rosemary Day resigned as a director of the company on 25 July 2001. She received compensation totalling £3,500 for loss of office.
7. David Harvey resigned as a director of the company on 25 July 2001. He received compensation totalling £3,500 for loss of office.
8. These directors together with Danny Bernstein and Mike Lee who are directors of NATS Holdings Ltd are provided by the Airline Group who charge NATS Holdings £20,000 per quarter for the services of these four non-executive directors in accordance with the agreement signed on 26 July 2001. The total charge for the four directors for the period 26 July to 31 March was £53,300.
9. Richard Everitt informed the Board that he was foregoing any entitlement to a bonus for the year 2001-02.
10. Colin Chisholm's bonus is made up of an annual performance bonus of £22,700 and a special bonus for the opening of Swanwick of £39,400.
11. For year, or from date of appointment, or up to the date of resignation.
By agreement with the Board of the parent company, NATS Holdings Limited, the following information is provided in these accounts in respect of the additional members of the NATS Holdings Board.
Emoluments (excluding arrangements) of the other directors of NATS Holdings were as follows:
|
| Salary and |
Benefits | Performance |
|
Non-executive directors |
|
|
|
|
|
Bill Semple | 1 | 20.5 | -- | -- | 20.5 |
Lord Brooke of Alverthorpe | 2 | 20.5 | -- | -- | 20.5 |
Stephen Pettit | 2 | 20.5 | -- | -- | 20.5 |
Danny Bernstein | 3 | -- | -- | -- | -- |
Mike Lee | 3 | -- | -- | -- | -- |
Pierre Jeaniot | 4 | -- | -- | -- | -- |
|
| 61.5 | -- | -- | 61.5 |
1. Following his resignation as a director of NATS on 25 July 2001, Bill Semple was re-appointed as a Partnership director of the company on 26 July 2001. The figure shown above represents the fees earned since that date.
2. Appointed director on 26 July 2001.
3. These directors together with Silla Maizey and Nigel Turner are provided by the Airline Group who charge NATS Holdings £20,000 per quarter for the services of these four non-executive directors in accordance with the agreement signed on 26 July 2001. The total charge for the four directors for the period 26 July 2001 to 31 March 2002 was £53,300.
4. Appointed director on 21 September 2001.
5. For year, or from date of appointment, or up to date of resignation.