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<br /> abCompensation Report 2010<br /> Our compensation in 2010<br /> <br /> Contents<br /> 2 2010 compensation at a glance<br /> 4 Letter from the Human Resources and Compensation<br /> Committee of the Board of Directors<br /> 6 Compensation governance<br /> 8 Total Reward Principles<br /> 11 Overview of our compensation model<br /> 16 Deferred variable compensation plans<br /> 21 Compensation funding and expenses<br /> 24 2010 compensation for the Group Executive Board and<br /> Board of Directors<br /> 35 List of key terms in the compensation report<br /> 36 Information sources<br /> 1<br /> Compensation report 2010<br /> 2010 compensation at a glance<br /> – Our foremost priority is to encourage and reward behavior that contributes to<br /> s­ ustainable­profitability­and­therefore­the­long-term­success­of­our­firm.<br /> – In order to align employee incentives with the interests of our shareholders, we pay<br <a title="Compensation Report 2010 - en page 1" href="http://viewer.zmags.com/publication/00bf4a66?page=1"> abCompensation Report 2010 Our compens</a> <a title="Compensation Report 2010 - en page 2" href="http://viewer.zmags.com/publication/00bf4a66?page=2"> </a> <a title="Compensation Report 2010 - en page 3" href="http://viewer.zmags.com/publication/00bf4a66?page=3"> Contents 2 2010 compensation at a glance 4</a> <a title="Compensation Report 2010 - en page 4" href="http://viewer.zmags.com/publication/00bf4a66?page=4"> Compensation report 2010 2010 compensati</a> <a title="Compensation Report 2010 - en page 5" href="http://viewer.zmags.com/publication/00bf4a66?page=5"> High levels of deferred bonuses for Group Executi</a> <a title="Compensation Report 2010 - en page 6" href="http://viewer.zmags.com/publication/00bf4a66?page=6"> Advisory vote Compensation report 2010 D</a> <a title="Compensation Report 2010 - en page 7" href="http://viewer.zmags.com/publication/00bf4a66?page=7"> for­ allocating­ individual­ bonuses.­ To­ fully­</a> <a title="Compensation Report 2010 - en page 8" href="http://viewer.zmags.com/publication/00bf4a66?page=8"> Advisory vote Compensation report 2010 C</a> <a title="Compensation Report 2010 - en page 9" href="http://viewer.zmags.com/publication/00bf4a66?page=9"> The­ responsibilities­ and­ authorities­</a> <a title="Compensation Report 2010 - en page 10" href="http://viewer.zmags.com/publication/00bf4a66?page=10"> Advisory vote Compensation report 2010 T</a> <a title="Compensation Report 2010 - en page 11" href="http://viewer.zmags.com/publication/00bf4a66?page=11"> quire­deferral­of­up­to­five­years.­The­deferred­</a> <a title="Compensation Report 2010 - en page 12" href="http://viewer.zmags.com/publication/00bf4a66?page=12"> Advisory vote Compensation report 2010 B</a> <a title="Compensation Report 2010 - en page 13" href="http://viewer.zmags.com/publication/00bf4a66?page=13"> Overview of our compensation model Our compen</a> <a title="Compensation Report 2010 - en page 14" href="http://viewer.zmags.com/publication/00bf4a66?page=14"> Advisory vote Compensation report 2010 Bo</a> <a title="Compensation Report 2010 - en page 15" href="http://viewer.zmags.com/publication/00bf4a66?page=15"> ments are made outside the circumstances describe</a> <a title="Compensation Report 2010 - en page 16" href="http://viewer.zmags.com/publication/00bf4a66?page=16"> Advisory vote Compensation report 2010 20</a> <a title="Compensation Report 2010 - en page 17" href="http://viewer.zmags.com/publication/00bf4a66?page=17"> Employment contract terms Employment contracts fo</a> <a title="Compensation Report 2010 - en page 18" href="http://viewer.zmags.com/publication/00bf4a66?page=18"> Advisory vote Compensation report 2010 D</a> <a title="Compensation Report 2010 - en page 19" href="http://viewer.zmags.com/publication/00bf4a66?page=19"> Variable compensation plans 2010 Cash Balance Pl</a> <a title="Compensation Report 2010 - en page 20" href="http://viewer.zmags.com/publication/00bf4a66?page=20"> Advisory vote Compensation report 2010 Pe</a> <a title="Compensation Report 2010 - en page 21" href="http://viewer.zmags.com/publication/00bf4a66?page=21"> Equity Ownership Plan (EOP) Plan type – UBS shar</a> <a title="Compensation Report 2010 - en page 22" href="http://viewer.zmags.com/publication/00bf4a66?page=22"> Advisory vote Compensation report 2010 Di</a> <a title="Compensation Report 2010 - en page 23" href="http://viewer.zmags.com/publication/00bf4a66?page=23"> Compensation funding and expenses How we deter</a> <a title="Compensation Report 2010 - en page 24" href="http://viewer.zmags.com/publication/00bf4a66?page=24"> Advisory vote Compensation report 2010 $W</a> <a title="Compensation Report 2010 - en page 25" href="http://viewer.zmags.com/publication/00bf4a66?page=25"> case­of­deferred­cash­and­share­awards,­the­final</a> <a title="Compensation Report 2010 - en page 26" href="http://viewer.zmags.com/publication/00bf4a66?page=26"> Advisory vote Compensation report 2010 2</a> <a title="Compensation Report 2010 - en page 27" href="http://viewer.zmags.com/publication/00bf4a66?page=27"> by independent BoD members between the 2010 and 2</a> <a title="Compensation Report 2010 - en page 28" href="http://viewer.zmags.com/publication/00bf4a66?page=28"> Advisory vote Compensation report 2010 Audited </a> <a title="Compensation Report 2010 - en page 29" href="http://viewer.zmags.com/publication/00bf4a66?page=29"> Audited Share and option ownership of GEB member</a> <a title="Compensation Report 2010 - en page 30" href="http://viewer.zmags.com/publication/00bf4a66?page=30"> Advisory vote Compensation report 2010 Co</a> <a title="Compensation Report 2010 - en page 31" href="http://viewer.zmags.com/publication/00bf4a66?page=31"> Audited Total payments to all BoD members CHF, e</a> <a title="Compensation Report 2010 - en page 32" href="http://viewer.zmags.com/publication/00bf4a66?page=32"> Advisory vote Compensation report 2010 Audited </a> <a title="Compensation Report 2010 - en page 33" href="http://viewer.zmags.com/publication/00bf4a66?page=33"> Audited Total For the number of Nu</a> <a title="Compensation Report 2010 - en page 34" href="http://viewer.zmags.com/publication/00bf4a66?page=34"> Advisory vote Compensation report 2010 Audited </a> <a title="Compensation Report 2010 - en page 35" href="http://viewer.zmags.com/publication/00bf4a66?page=35"> Audited Total For the number of Nu</a> <a title="Compensation Report 2010 - en page 36" href="http://viewer.zmags.com/publication/00bf4a66?page=36"> Advisory vote Compensation report 2010 Audited </a> <a title="Compensation Report 2010 - en page 37" href="http://viewer.zmags.com/publication/00bf4a66?page=37"> List of key terms in the compensation report </a> <a title="Compensation Report 2010 - en page 38" href="http://viewer.zmags.com/publication/00bf4a66?page=38"> Compensation report 2010 Information sou</a> <a title="Compensation Report 2010 - en page 39" href="http://viewer.zmags.com/publication/00bf4a66?page=39"> Contacts Switchboards For­all­general­queries.­ </a> <a title="Compensation Report 2010 - en page 40" href="http://viewer.zmags.com/publication/00bf4a66?page=40"> UBS­AG P.O.­Box,­CH-8098­Zurich P.O.­Box,­CH-4002</a>