Burger King 2009 Annual Report Download - page 211
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EXHIBIT A
TERMS AND CONDITIONS OF THE
PERFORMANCE AWARD
No Payment for Shares.
No payment is required for Performance Shares that you receive under this Award.
Nature of Award.
The Individual Award represents the opportunity to receive the number of Performance Shares earned as provided for below under
“Determination of Number of Performance Shares Earned,” subject to the sections below entitled “Settlement of Performance Shares” and
“Termination”. To the extent dividends are paid on Shares during the period from the Date of Grant, but prior to the settlement of the
Performance Shares, you shall receive an amount in cash or shares (to be determined by the Company) for each of your vested and
unvested Performance Shares equal to the amount per share of the dividend, but such amount of cash or shares shall not be paid out to you
until settlement of the Performance Shares.
Determination of Number of Performance Shares Earned.
The number of “Performance Shares” earned as of the end of a Performance Period, if any, shall be determined as follows:
[# of Performance Shares = Company Performance Factor x Individual Award]
The “Company Performance Factor” shall be determined by the Committee in its sole discretion on or before [date that is 90 days following
beginning of performance period (or, if earlier, 1/4 of the way through performance period)] based on: Profit before Taxes.
Settlement of Performance Shares.
The Company shall deliver to you that number of Shares equal to the number of Performance Shares earned as of the end of the
Performance Period, as determined above, on or as soon as practicable after the Vesting Date, subject to the section entitled “Termination”
below. You will have no rights of a shareholder with respect to the Shares until such Shares have been delivered to you.
Termination.
Except as set forth below in this section, upon a termination of your employment for any reason you will forfeit all of your Performance
Awards that are unvested at the time of termination, regardless of whether they have been earned, without any consideration due to you.
In the case of Performance Shares that have a cliff vesting schedule, if your employment terminates after the one−year anniversary of the
Date of Grant, but prior to the Vesting Date by