Definition of amounts to be reported

(a)" Total variable remuneration" is the variable remuneration awarded for the performance year (e.g. 2010), both the upfront part and the deferred part. For the deferred part, maluses and claw-backs applied in the following year should not be taken into account within the figures which will be reported. For the reported variable remuneration it does not matter whether the deferred part has been paid in the end, but that it was granted in the first place. Maluses and clawbacks will be reported under: "Amount of explicit ex post performance adjustment applied in year N for remuneration awarded in previous years" (see letter c below). (b) "Total amount of variable remuneration deferred in year N" is the deferred part of the total variable remuneration referred to under (a). (c) "Amount of explicit ex post performance adjustment applied in year N for remuneration awarded in previous years" is the sum of clawbacks and maluses applied in the performance year (e.g. 2010) for remuneration awarded in previous years (e.g. 2007-2008-2009).