Non-competition agreements

The Group may enter into - with General Managers, Executives with strategic responsibility, and, for particularly important professional roles, Senior Managers and Executives - non-competition agreements, which provide compensation relating to the RAL and to the duration and scope of the obligation arising from the agreement.

The obligation refers to the industry in which the Group is operating at the time of the agreement, and to its area of geographical operation. The scope varies depending on the role filled at the time of making the agreement, and may come, in the case of General Managers, to have a geographical extension that covers all the main countries in which the Group operates.