Air New Zealand 2013 Annual Report Download - page 70

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Remuneration paid in FY13 including base
for FY13, and incentive payments including options
issued under the LTI scheme that relate to FY12
performance and paid in FY13
NZ MGMT & EXEC AIRCREW, TECH STAFF,
OVERSEAS & OTHERS
100,000-110,000 126 379
110,000-120,000 110 309
120,000-130,000 64 237
130,000-140,000 51 230
140,000-150,000 55 146
150,000-160,000 43 111
160,000-170,000 34 106
170,000-180,000 34 65
180,000-190,000 26 46
190,000-200,000 14 24
200,000-210,000 922
210,000-220,000 542
220,000-230,000 961
230,000-240,000 646
240,000-250,000 730
250,000-260,000 640
260,000-270,000 422
270,000-280,000 334
280,000-290,000 2 18
290,000-300,000 1 18
300,000-310,000 411
310,000-320,000 10
320,000-330,000 1 16
330,000-340,000 23
340,000-350,000 133
350,000-360,000 119
360,000-370,000 14
370,000-380,000 6
380,000-390,000 4
390,000-400,000 3 6
400,000-410,000 2 8
410,000-420,000 1 7
420,000-430,000 13
430,000-440,000 1 2
440,000-450,000 4
460,000-470,000 2
470,000-480,000 2 1
480,000-490,000 1
500,000-510,000 1
510,000-520,000 1
520,000-530,000 1 1
540,000-550,000 2
580,000-590,000 1
620,000-630,000 1
800,000-810,000 1 1
850,000-860,000 1
860,000-870,000 1
910,000-920,000 1
1,040,000-1,050,000 1
1,120,000-1,130,000 1
1,160,000-1,170,000 1
1,520,000-1,530,000 1
1,920,000-1,930,000 1
7,680,000-7,690,000 1*
  
Please refer to pages 69 and 70 for a more detailed breakdown of CEO remuneration.
Employee Remuneration

Included in this amount is the value of $5,104,800 assigned to
options issued under the CEO Long Term Incentive Plan (CLTIP).
These options have accumulated over a five year period and
calculated as 80% of salary over each of the five financial years
from 2008 to 2012 as follows:
• 2008–$960,000
• 2009–$960,000
• 2010–$960,000
• 2011–$1,080,000
• 2012–$1,144,800
Each tranche of these options was reported in the year they were
granted in the CEO Remuneration Disclosure. Options issued
under this scheme did not vest unless the former CEO remained
employed by Air New Zealand through to September 2012. In
September last year the former CEO achieved this qualifying
period. The options have therefore now been earned and
accordingly all five tranches (financial years 2008 to 2012) have
now been brought to account in this year’s Employee Remuneration
report. The balance of the 2013 financial year earnings comprises
base salary, short term incentive, superannuation contributions
and other Long Term Incentive Plan options. The former CEO le
the Company on 31 December 2012 and received no termination
payment on leaving Air New Zealand.
Air New Zealand Annual Financial Results 
68