Performance Share Programme Clause Samples

Performance Share Programme. Executive will be eligible for participation in Parent’s Global Share Plan 2020 (“GSP”), subject to the terms and conditions as may be in effect from time to time (and which may be changed or replaced by the Remuneration Committee at any time) and any successor equity or long-term incentive program applicable to executive directors of Parent. Executive will receive a 2022 award under the Performance Share Programme (“PSP”) which is expected to be made in May 2022 and will be subject to performance conditions and governed by the terms of the GSP in line with other executive participants (“2022 PSP Award”). The current PSP has a three-year performance period, and Executive’s annual opportunity under the PSP in respect of 2022 will be 275% of his annual base salary at the date of grant. A two-year holding period post-vesting will apply to the award, and performance measures and targets will be determined by the Remuneration Committee on an annual basis. The terms and conditions of awards under the PSP will be subject to the GSP as in effect from time to time and applicable equity award documentation, and the PSP may be changed or replaced by the Remuneration Committee from time to time. ​