Company
EADS
Date of signature
28 November 2011
Signatories
EADS N.V., DLRH KBR (Germany), CFDT, CFE-CGC, CFTC, CGT and FO (France), CC.OO, MCA-UGT (Spain), UNITE the Union (UK), EWC President &andVicé-president
Key objectives
Establish a framework for local negotiations dealing with variable remuneration of senior executives
Duration
"This agreement may be terminated by one of the signatory parties at any time. In this case, renegociation must be undertaken within six months following receipt of the termination notice. The provisions of this agreement remain applicable throughout the duration of the renegociation and, in case of failure to reach an agreement, for a period of 12 months from the statement of disagreement. "
Applicable law
Not defined
Implementation and dissemination
Implementation
This agreement applies and is mandatory in all four Divisions of the Group to all companies with more than 10 Senior Managers, of which EADS holds more than half the capital and which are located in one of the four following countries ; German, Spain, France and the UK. Other companies majority-owned by EADS, but employing 10 or less Senior Managers or which are located outside the four countries mentionned above, may apply to provisions of this Agreement by decision of the Division to which they belong of by EADS for companies which are directly part of the Group. "
Review and monitoring
Dispute settlement and sanctions
Related texts
Agreement of 28 September 2012 concerning the labour negociation procedure at European Level.
Main topic
Remuneration
Secondary topic(s)
Annual amount of variable compensation.