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SYT » Topics » 28. Transactions and agreements with related parties Key management personnel compensation

This excerpt taken from the SYT 20-F filed Mar 1, 2006.

28. Transactions and agreements with related parties Key management personnel compensation

Key management personnel compensation

Key management personnel are defined as the members of the Syngenta Executive Committee and the Board of Directors. Their compensation was as follows:

(US$ million)   2005   2004   2003
Fees, salaries and other short-term benefits   14.7   11.2   10.0
Post-employment benefits    4.3    3.8    3.3
Other long-term benefits    –    –    –
Termination benefits    –    –    0.3
Share based compensation   13.8    7.1    4.8
Total   32.8   22.1   18.4

The amount disclosed for share based compensation is the expense for the period calculated in accordance with IFRS 2, “Share Based Payment” and as described in Note 2, relating to key management personnel. The cost of a share based compensation award is spread over the vesting period of the award. Therefore the charge for each year comprises parts of that year’s awards and those of preceding years that had not already vested at the start of the year.
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