Modèle Word ddr danone

Group’s principal obligation 
The Group’s principal defined benefit retirement plan obligations involve the Retirement plan for senior managers in France. This 
retirement plan, which was set up in 1976 to retain key managers, may also include certain senior executives who were “Group 
D
irectors” on December 31, 2003, at which date the plan was closed to new beneficiaries. On December 31, 2019, 88 Group Directors 
were members of this plan (excluding plan beneficiaries who had already claimed their pension benefits), compared to 170 potential 
beneficiaries in 2003.
General principles 
This plan provides for a pension based on years of service and the amount of final salary, under the condition that the beneficiary is still 
in Danone’s employment at the time of retirement. The pension is paid after deducting certain pensions corresponding: (i) with respect 
to a first category of senior executives, to the full amount of retirement benefits they acquired over the course of their professional 
career; and (ii) with respect to a second category of senior executives, to the full amount of retirement benefits that they acquired due to 
the implementation of a Company non-contributory supplementary retirement plan; It may reach a maximum of 65% of final salaries. 
In the event of leaving Danone before the age of 55 or in the event of death before retirement, the employee loses all benefits under this 
plan, it being specified that if the employee is laid off after the age of 55, the plan benefits are preserved, subject to the beneficiary not 
taking any salaried position in the future. 

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DANONE Consolidated financial statements 2019 33 
Other obligations 
Most of the other retirement plans put in place by the Group concern only a given subsidiary in a given country. Consequently, the 
Group is required to manage several different plans in a given country. None is material.