Contractual provisions regarding compensation for severance for management board members
Remuneration report
CSR report
The contracts between Galapagos NV and the management board members do not provide for severance compensation. They do not contain notice periods that exceed six months. However, Galapagos NV entered into undertakings with Mr. Onno van de Stolpe, Mr. Bart Filius, Dr. Andre Hoekema, Dr. Piet Wigerinck and Dr. Walid Abi-Saab, providing that in case their contract with the group is terminated as a result of a change of control of Galapagos, they would be entitled to a severance compensation of 12 months’ base salary for the CEO and 9 months’ base salary for the other management board members.