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This excerpt taken from the PBR 20-F filed May 22, 2009. Compensation
Petrobras
For 2008, the aggregate amount of compensation we paid to all
members of the board of directors and executive officers was
approximately U.S.$5 million.
In addition, the members of the board and the executive officers
receive certain additional benefits generally provided to our
employees and their families, such as medical assistance,
payment of educational expenses and supplementary social
security benefits.
We have no service contracts with our directors providing for
benefits upon termination of employment. We have a remuneration
and succession committee in the form of an advisory committee.
See “—Other Advisory Committees.”
PifCo
PifCo’s directors and executive officers are paid by
Petrobras in respect of their function as Petrobras’
employees, but they do not receive any additional compensation,
pension or other benefits from PifCo or Petrobras in respect of
their functions as PifCo directors or executive officers, as the
case may be.
This excerpt taken from the PBR 20-F filed Jun 30, 2005.
Petrobras
For 2004, the aggregate amount of compensation we paid to all members of the board of directors and executive officers was approximately U.S.$2.0 million.
In addition, the members of the board and the executive officers receive certain additional benefits generally provided to our employees and their families, such as medical assistance, payment of educational expenses and supplementary social security benefits.
We have no service contracts with our directors providing for benefits upon termination of employment. We have a compensation and succession committee in the form of an advisory committee. See “—Advisory Committees—Petrobras.”
PIFCo
PIFCo’s directors and executive officers are paid by Petrobras in respect of their function as Petrobras’ employees, but they do not receive any additional compensation, pension or other benefits from PIFCo or Petrobras in respect of their functions as PIFCo’s directors or officers, as the case may be.
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