Gross remuneration of our CEO for financial year 2018

1. Base salary (fixed): €500,193.18 (including €18,859.44 in the form of pension contributions).
2. Variable remuneration (bonus): given the level of achievement of the criteria from the Senior Management Bonus Scheme to be entitled to a bonus (i.e. the corporate objectives for 2018), a bonus equal to 100% of the 2018 base salary was awarded over 2018, of which 50% was paid early January 2019, and the other 50% was deferred for 3 years. The value of the 50% deferred part of the bonus awarded over 2015 was established at the end of 2018 and resulted in a payment in early January 2019 of an amount of €381,909.00 (a multiple of 1.7 of the deferred bonus, as a result of the share price performance over the period 2015‑2018 as per the provisions of the Senior Management Bonus Scheme). In addition, an amount of €266,836.00 was paid in June 2018, being a multiple of 1.9 of the deferred 50% of the exceptional special bonus awarded for the successful Nasdaq listing in 2015.
3. Pension: €62,292.17 (of which €18,859.44 is part of the base salary).
4. Other components of the remuneration: company car, tax advisory services, and payments for invalidity and healthcare cover, totaling €38,958.28.

During its meeting of 18 February 2019, the board of directors decided, upon recommendation of the nomination and remuneration committee, to update the structure of the remuneration of the CEO as set forth above under "information on the remuneration policy for the next two years". This includes salary increases as from 1 January 2019 and the grant of RSUs as from April 2019.