Examples of Libstar Group in a sentence
The Libstar Group has two variable pay mechanisms of remuneraĠon in place, namely the STI Scheme andthe Libstar Long-Term IncenĠve Scheme.
These allocaĠon methods are discussed in more detail in clause 6.2.2.3.6.2.2.1.4 The maximum aggregate number of shares that can be acquired under the Libstar Group Share Plan is 6 820 000 shares of the issued share capital of the Company, with the maximum for any one Senior Employee being 1 172 449 shares of the issued share capital of the Company.
The Libstar Group’s “variable pay” methods include the STI Scheme (discussed in clause 6.2.1) and the Libstar Long-Term IncenĠve Scheme, which is further divided into the Libstar Group Share Plan (discussed in clause 6.2.2.1) and the LTIP (discussed at clause 6.2.2.2).
A summary of each method of offer under the Libstar Group Share Plan and the LTIP is set out in the ensuing paragraphs.6.2.2.3.1 Share appreciation rights method6.2.2.3.1.1 General: Under the share appreciaĠon rights method, eligible Senior Employees are offered noĠonal allocaĠons of instruments.
Decision-makers should always take into account the type of industry the Libstar Group operates in, thescarcity of an employee’s skills, legislaĠve requirements and the diversity of the Libstar Group’s workforce.
The STI Scheme and the Libstar Long-Term IncenĠve Scheme are linked to individual employee performance and the performance of a parĠcular Business Unit or the Libstar Group as a whole.
It is designed to aflract, retain, moĠvate and reward eligible Senior Employees with an ability to influence the performance of a Business Unit or the Libstar Group in a manner that aligns their interests with that of the Shareholders.6.2.2.1.2 The Libstar Group Share Plan is regulated by a detailed set of rules.
Copies will be available to Senior Employees on request.6.2.2.1.3 The Libstar Group Share Plan is implemented by the Board through the direcĠon of the RemuneraĠon Commiflee.
If the ROAA achieved is equal to: ThresholdVestingBelow WACC0%WACC75%WACC plus 1%100%WACC plus 5%300%WACC plus 1% up to WACC plus 5%Pro rata(from 100% up to 300%)6.2.2.3.2.4.3 Libstar Group CAGR in normalised headline earnings.
Translate the long-term component of the reward strategy pay mix into a value apporĠonment between the three methods of allocaĠon in the Libstar Group Share Plan and the LTIP.2. Dictate the face value (Rands) of offers to be made.