4.2.3 Special compensation of Executive Committee members who left the Company during the reporting period No such compensation was incurred during the reporting period. 4.2.4 Employment contract termination clauses of Executive Committee members Employment contracts of Executive Committee members comply with the OaEC and our Articles of Incorporation. Accordingly, contractual entitlements are within the specified thresholds, in particular the maximum contractual notice period is six months and any non-compete clause does not exceed 12 months. No additional compensation or benefits are provided in the case of change in control, except for long-term incentive awards that may vest immediately. All contractual arrangements of Executive Committee members are approved by the Compensation Committee of the Board. 4.2.5 Compensation voting for Executive Committee members The compensation paid is within the amounts approved by shareholders in the respective Annual General Meeting. The fixed and long term variable compensation approved for 2021 was CHF 15,400,000 (2020: CHF 15,300,000). The annual incentive, short term variable compensation amount for 2021 was CHF 5,461,355 and will be submitted for approval at the 2022 Annual General Meeting (2020: CHF 4,812, 783). XIV. Executive Committee (EC) compensation summary in Swiss francs Base Salary Pension benefits ² Other benefits ³ Tot al fi xed compensation Annual Incentive ⁴ Number of performance shares granted ⁵ Value at grant ⁶ Total variable compensation Total compensation Employer social security ⁷ Gilles Andrier, CEO 2021 1,221,418 578,371 141,079 1,940,868 1,862,933 728 2,500,898 4,363,831 6,304,699 525,879 2020 1,211,084 574,237 145,344 1,930,665 1,636,536 895 2,501,078 4 , 1 3 7, 6 14 6,068,279 504,728 EC Members, excluding CEO ¹ 2021 3,228,752 1,086,554 388,786 4,704,092 3,598,422 1,688 5,798,786 9 , 3 9 7, 2 0 8 14,101,300 1,073,231 2020 3,336,973 1,036,769 433,184 4,806,926 3,176,247 2,077 5,804,177 8,980,424 13,787,350 1,029,178 Total: EC Members, including CEO 2021 4,450,170 1,664,925 529,865 6,644,960 5,461,355 2,416 8,299,684 13,761,039 20,405,999 1,599,110 2020 4,548,057 1,611,006 578,528 6 , 7 3 7, 5 9 1 4,812,783 2,972 8,305,255 13,118,038 19,855,629 1,533,906 1. Represents full year compensation of six Executive Committee members. 2. Company contributions to broad-based pension and retirement savings plans and annualised expenses accrued for supplementary executive retirement benefit. 3. Represents annual value of health and welfare plans, international assignment benefits and other benefits in kind. 4. Annual incentive accrued in reporting period based on performance in the reporting period. 5. 2021 Performance shares vest on 15 April 2024, 2020 Performance Shares vest on 15 April 2023. 6. Value at grant calculated according to IFRS methodology and based on 100% achievement of performance targets. 7. 2021 estimated social security charges based on 2021 compensation; 2020 estimated social security charges based on 2020 compensation. Reflecting business and individual performance Governance Report Compensation Report Consolidated Financial Report Statutory Financial Report Appendix 33 Givaudan — 2021 Governance, Compensation and Financial Report