Profit-sharing scheme and stock option plan

Our policy is that our employees should share directly in the Company’s financial success through a profit-sharing scheme and certain executives through our stock option plan.

Through benefits in the form of shares we provide employees in Germany with a long-term, value-oriented performance incentive. This is based on Group operating profit (EBIT). Employees can receive either the full amount of their profit-sharing bonus in shares or two-thirds of the amount in shares and the rest in cash. The bonus paid in 2009 for fiscal year 2008 was € 1,586 gross for full-time employees. At foreign companies there are also attractive compensation systems aligned with the local schemes in the particular country.

Our executives have already been sharing in Fresenius’ growth since 1998 through another value-based compensation component. With our stock option plan, we have an internationally recognized compensation instrument linking management’s entrepreneurial responsibility to future opportunities and risks. Under the 2008 stock option plan, a total of up to 6,200,000 options on Fresenius SE ordinary and preference shares can be issued to members of the Management Board and certain other executive officers over a period of five years. The stock options can be exercised after a three-year vesting period if Group net income has been increased at an annual

rate of at least 8 % during the vesting period. Otherwise, the options granted are forfeited proportionally. In 2009, 1,067,248 stock options were issued under this plan. For further information please see note 34, Stock options.

Profit-sharing bonus


  2008 2007 2006 2005 2004
1 The profit-sharing bonus is paid retroactively and is based on Fresenius’ Group EBIT in the past year.
Profit-sharing bonus1 in € 1,586 1,526 1,444 1,000 1,000
Eligible employees 1,630 1,690 1,830 1,780 1,690

  2008 2007 2006 2005 2004
1 The profit-sharing bonus is paid retroactively and is based on Fresenius’ Group EBIT in the past year.
Profit-sharing bonus1 in € 1,586 1,526 1,444 1,000 1,000
Eligible employees 1,630 1,690 1,830 1,780 1,690

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