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The following table presents the monetary incentive plans for key managers.

Values expressed in thousands of euros

Name and surname

Position

Plan

Bonus for the year

Bonus for previous years

Other Bonuses

 

 

 

Payable/

Paid

Deferred

Deferral period

No longer payable

Payable/

Paid

Still Deferred

 

Key Managers with Strategic Responsibilities

 

 

 

 

 

 

 

Remuneration in the company

drawing up the financial statements

             

MBO 2018

05/10/2018

(1)

    90 (2)   200  

Special

Award 2016

06/20/2017

             
303

Compensation in subsidiaries and associates

 

MBO 2018

08/18/2018

280 (3)

 

 

 

 

 

 

Long-term Bonus 2018

04/20/2018

137 (3)
              210 (4)

      TOTAL

 

417

    90   200 513

(1) Considering that the TIM Group Ebitda at the minimum level (95% of budget target), valid as a condition for access to all other targets, was not reached, the entire MBO measure for 2018 was cancelled.

(2) Of which (€ 50,000) as a result of assignments, and (€ 40,000) as a result of leaving the Key Managers with Strategic Responsibility category.

 (3) The amounts refer to the local bonuses  of 1,190,000 and 583,000 Real respectively, converted at the average rate of exchange for 2019 at 02/28/2019 (Real/€ 4.25213).

 (4) The amount was converted to euro at the average rate of exchange for 2018 at 30/09/2018 (Real/€ 4.29236).

(*)Executives:

Stefano De Angelis

Chief Executive Officer TIM Brasil

Stefano Azzi

Head of Consumer & Small Enterprise (4)

Stefano Ciurli

Head of Wholesale  (4)   

Giovanni Ferigo

Head of  Technology (4)

Lorenzo Forina

Head of  Business & Top Clients (4)

Cristoforo Morandini

Head of Regulatory Affairs and Equivalence (4)

Mario Di Mauro

Head of Strategy, Innovation & Quality (5)

Michel Sibony

Head of  Procurement Unit & Real Estate (5)

Agostino Nuzzolo Head of Legal, Regulatory and Tax (6)
Head of Human Resources & Organizational Development (7)
Riccardo Meloni Head of Human Resources & Organizational Development (8)

Piergiorgio Peluso

Head of Administration, Finance and Control

Stefano Siragusa

Chief TIM Infrastructures Office (9)

(1 ) from 01 June 2017;

(2) until 31 May 2017;

(3) from 28 September 2017;

(4)  Amounts until 5 March 2018;

(5)  from 6 March 2018;

(6)  from 6 March 2018; until 5 March 2018 Head of Legal Affairs;

(7)  until 15 March 2018 the responsibility of Human Resources & Organizational Development department was assigned temporary to Mr. Nuzzolo;

(8)  from 16 March 2018;

(9)  from 12 March 2018;