Chrysler 2008 Annual Report Download - page 175

Based on this model, the weighted-average fair values of stock options awarded by CNH for the years ended 31 December 2008,
and 2007 were as follows:
(in USD) 2008 2007
Directors’ Plan 11.7 0 21.66
Equity incentive plan 12.95 12.65
The total cost recognised in the 2008 income statement for all share-based compensation linked to CNH Global N.V. ordinary
shares amounted to €0.2 million (€14 million in 2007).
Stock option plan linked to Ferrari S.p.A. ordinary shares
Under this scheme, certain employees of Ferrari S.p.A., and the Chairman and the Chief Executive Officer of the company at the
time, have the option to acquire respectively 207.200 and 184,000 Ferrari S.p.A. ordinary shares at a strike price of €175 per share.
Under the scheme the options may be exercised until 31 December 2010, wholly or partially, and are subject to a limited extent to
the company’s listing process. At 31 December 2008 the employees and the Chairman held respective totals of 53,600 and 80,000
stock option rights under this scheme, all of whose exercise rights are subordinated to the listing of the company.
Cash-settled share-based payments
Various entities belonging to the former joint venture with General Motors reached agreements with certain employees in 2001,
2002, 2003 and 2004 over four cash-settled share-based payment schemes entitled Stock Appreciation Rights (SAR) plans. Under
these plans, certain of the employees involved have the right to receive a payment corresponding to the increase in price between
the grant date and the exercise date of General Motors $1 2/3 shares listed in New York and Fiat S.p.A. ordinary shares listed
in Milan. The right is exercisable from the vesting date to the expiry date of the plans and is subordinated to certain conditions
(
Non-Market Conditions “NMC” ). The contractual terms of these rights are as follows:
Outstanding rights Outstanding rights
on GM $1 2/3 on Fiat S.p.A.
Vesting date shares at shares at Grant price Grant price
31 December 31 December GM $1 2/3 Fiat S.p.A.
Plan Grant date From Until 2008 2008 (in USD) (€) Vesting portion
2001 12 February 2002 1 March 2002 12 February 2009 45,053 113,516 49.57 15.50 100%*NMC
2002 12 February 2002 12 February 2003 12 February 2010 44,580 124,340 49.57 15.50 1/3*NMC
12 February 2004 12 February 2010 1/3*NMC
12 February 2005 12 February 2010 1/3*NMC
2003 11 February 2003 11 February 2004 11 February 2011 46,644 72,828 36.26 7.95 1/3*NMC
11 February 2005 11 February 2011 1/3*NMC
11 February 2006 11 February 2011 1/3*NMC
2004 10 February 2004 10 February 2005 11 February 2012 40,470 87,136 49.26 6.03 1/3*NMC
10 February 2006 11 February 2012 1/3*NMC
10 February 2007 11 February 2012 1/3*NMC
Fiat Group Consolidated Financial Statements at 31 December 2008
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