4.5 – Compensation to Departing Members of the Executive Committee 

One member of the Executive Committee, Beat In-Albon stepped down to assume a non-Executive Committee role at the end of 2015.

In 2016, Toralf Haag, CFO and member of the Executive Committee, left the company, receiving benefits and payments in accordance with his Executive Agreement.  His LTIP equity awards for 2014, 2015, and 2016 are treated according to the applicable LTIP plan rules, with vesting, where applicable, occurring according to the achievement of performance conditions.