13.16 - Other relevant information Overall Compensation 2018 The management's overall compensation for the fiscal year 2018 was approved by the Annual and Special Shareholders Meeting of the Company, held in April 13, 2018, in order to establish the overall amount of up to R$ 184,571,987.05 (one hundred and eighty -four million, five hundred and seventy-one thousand, nine hundred and eighty -seven reais and five centavos), to be distributed by the Board of Directors, observing the provisions of the legislation in force and Vale's Bylaws. It should be noted that the proposed amount considers the responsibilities of the managers, the time dedicated to their functions, the competence, the professional reputation and the value of their services in the market. It is important to note that the overall compensation above considers the remuneration of the members of the advisory committees and related charges, which is not shown in item 13.2 of this Reference Form. Also, the monthly compensation for each incumbent member of the Audit Committee, from May 1st, 2018 until the Annual General Meeting to be held in 2019, shall correspond to 10% (ten percent) of the compensation that, on average, is monthly allocated to each Executive Officer, not counting the benefits, representation payments and profit sharing. In addition to the compensation set forth above, the members in office of the Audit Committee shall be entitled to reimbursement of travel and subsistence expenses necessary for the performance of their duties, provided that alternate members shall only be remunerated in the ca ses in which they exercise their title due to vacancy, impediment or absence of the respective titular member. The above-mentioned amount comprises: (I) the proposal for the remuneration of the members of the Board of Directors, Statutory Board of Executive Officers and members of the Audit Committee of up to R$ 181,115,987.07 (one hundred and eighty-one million, one hundred and fifteen thousand, nine hundred and eighty-seven reais and seven centavos), which is comprised by (a) R$ 8,815,551.74 (eight million, eight hundred fifteen thousand, five hundred and fifty-one reais and seventy-four centavos) corresponding to the fixed compensation of the members of the Board of Directors and of the members of the Audit Committee, pursuant to art. 163 of Law 6,404/76, net of the payroll costs under Vale's responsibility; (b) R$ 70,196,470.78 (seventy million, one hundred and ninety-six thousand, four hundred and seventy reais and seventy-eight centavos), related to the fixed and variable compensation of the Executive Officers, which takes into account an Executive Board composed of six Executive Officers, net of the payroll costs under Vale's responsibility and excluding the direct and indirect benefits related to the termination of office. The individual fixed remuneration is compatible with the amounts paid to executives of companies of the same size, while the variable remuneration, corresponding to the bonus and the long-term incentive, has its payment linked to the fulfillment of pre-established goals, based on the performance of the Company. Therefore, the payment of the variable compensation is equivalent to the partial or total fulfillment of the pre-established targets, and may not even be due, in case the above targets have not been met; (c) up to R$ 102,103,964.55 (one hundred and two million, one hundred and three thousand, nine hundred and sixty-four reais and fifty-five centavos) corresponding to taxes and charges due over the compensation under Vale responsibility, and also benefits of any nature and severance payments to Executive Officers who have left the company in recent years (two in 2016, four in 2017 and one in early 2018), and (II) the compensation proposal for the members of the Advisory Committees and related charges of up to R$ 3,456,000.00 (three million, four hundred and fifty-six thousand reais). Below are additional information related to the Companys overall compensation for 2018: a) Period to which the compensation approved in the A nnual and Special Shareholders Meeting of 2018 refers: period comprised between January 1 and December 31, 2018, that is, the fiscal year. b) Comments on any differences between the values of the current proposal and the previous proposal and those included in item 13 of the Vale Reference Form: The amount of the overall compensation of the members of the Board of Directors, the Audit