Telkom Conditional Share Plan Sample Clauses

Telkom Conditional Share Plan. The employee will be eligible to participate in the Telkom Conditional Share Plan. The Board has the discretion to grant a conditional award of a number of Telkom shares to the employee. The number of shares awarded, will be equal to a percentage of Guaranteed Package and the performance of the employee. The transfer of the shares to the employee will occur on specified dates in the future and will be conditional upon the employee being employed by Telkom at the time as specified under the Plan and the financial performance of Telkom being at an acceptable level.