Fiscal 2020 Universal Registration Document

5.5.2 Information on the components of compensation paid or awarded to Corporate Officers

5.5.2.1 Compensation of Sophie Bellon, Chairwoman of the Board of Directors

The following tables show a breakdown of the various components of Sophie Bellon’s compensation during Fiscal 2020.

These components were determined in line with the compensation policy for the Chairwoman of the Board of Directors approved at the January 21, 2020 Combined Annual Shareholders Meeting (tenth resolution). This policy provides a fixed compensation, collective health and benefit plans as well as fringe benefits. It does not include any other variable or exceptional compensation, long-term compensation or directors’ compensation.

Given the unprecedented sanitary crisis caused by the Covid-19 pandemic and its resulting social and economic impacts, the Board of Directors decided to reduce her fixed salary by 50% for the second half of Fiscal 2020. Sophie Bellon fully agreed with this decision, which gave her the opportunity to express her solidarity with the Group’s employees. The amounts not paid for the fixed compensation financed the creation of the Sodexo Employee Relief Program in April 2020 to help address some of the social and economic consequences of the Covid-19 pandemic.

At the Ordinary Annual Shareholders Meeting of January 12, 2021, shareholders will be given a “say-on-pay” vote on the total compensation and benefits paid during or awarded for Fiscal 2020 to Sophie Bellon for her role as Chairwoman of the Board of Directors.

Summary of compensation, stock options and performance shares awarded to the Chairwoman of the Board of Directors

TABLE 1, BASED ON THE AFEP-MEDEF CODE TEMPLATE AND AMF RECOMMENDATION 2009-16

SOPHIE BELLON CHAIRWOMAN OF THE BOARD OF DIRECTORS (in euro)	FISCAL 2020	FISCAL 2019
Compensation awarded for the fiscal year (gross, before tax)	Compensation awarded for the fiscal year (gross, before tax) FISCAL 2020 508,019	Compensation awarded for the fiscal year (gross, before tax) FISCAL 2019 676,739
Value of stock options granted	Value of stock options granted FISCAL 2020 N/A	Value of stock options granted FISCAL 2019 N/A
Value of performance shares granted	Value of performance shares granted FISCAL 2020 N/A	Value of performance shares granted FISCAL 2019 N/A
TOTAL	TOTAL FISCAL 2020 508,019	TOTAL FISCAL 2019 676,739

Summary of compensation awarded/paid to the Chairwoman of the Board of Directors

TABLE 2, BASED ON THE AFEP-MEDEF CODE TEMPLATE AND AMF RECOMMENDATION 2009-16

	FISCAL 2020		FISCAL 2019
SOPHIE BELLONCHAIRWOMAN OF THE BOARD OF DIRECTORS (in euro)	GROSS AMOUNTS AWARDED (BEFORE TAX)	GROSS AMOUNTS PAID (BEFORE TAX)	GROSS AMOUNTS AWARDED (BEFORE TAX)	GROSS AMOUNTS PAID (BEFORE TAX)
Fixed compensation⁽¹⁾	Fixed compensation ⁽¹⁾ FISCAL 2020 506,250	Fixed compensation ⁽¹⁾ FISCAL 2019 506,250	675,000	675,000
Variable compensation	Variable compensation FISCAL 2020 N/A	Variable compensation FISCAL 2019 N/A	N/A	N/A
Exceptional compensation	Exceptional compensation FISCAL 2020 N/A	Exceptional compensation FISCAL 2019 N/A	N/A	N/A
Directors’ compensation	Directors’ compensation FISCAL 2020 N/A	Directors’ compensation FISCAL 2019 N/A	N/A	N/A
Fringe benefits⁽²⁾	Fringe benefits ⁽²⁾ FISCAL 2020 1,769	Fringe benefits ⁽²⁾ FISCAL 2019 1,769	1,739	1,739
TOTAL	TOTAL FISCAL 2020 508,019	TOTAL FISCAL 2019 508,019	676,739	676,739
The following amounts were paid by Bellon SA to Sophie Bellon for her mandate as member of the Management Board of Bellon SA:
Fixed compensation	Fixed compensation FISCAL 2020 190,000	Fixed compensation FISCAL 2019 190,000	185,000	185,000

(1) Given the unprecedented sanitary crisis caused by the Covid-19 pandemic and its resulting social and economic impacts, the Board of Directors decided to reduce her fixed salary by 50% for the second half of Fiscal 2020.
(2) Sophie Bellon has the use of a Company car.