EasyJet 2010 Annual Report Download - page 54

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easyJet plc
Annual report and accounts 2010
Report on Directors’ remuneration
continued
52
The actual targets that applied to the awards of performance shares made to Executive Directors during the year under review were
as follows:
Awards up to 100% of salary
Threshold
(25% vests)
Target
(50% vests)
Maximum
(100% vests)
Return on equity (year ending 30 September 2012) 9.0% 12.0% 15.0%
Awards over to 100% of salary
Threshold
(25% vests)
Target
(50% vests)
Maximum
(100% vests)
Return on equity (year ending 30 September 2012) 11.0% 13.0% 15.0%
Matching Share Awards
No matching shares were granted to Executive Directors in the year under review.
Position against dilution limits
easyJet complies with the 5% in five years guidelines on share dilution and current dilution is 2.5%. It is the intention of easyJet to source
shares by market purchase, rather than by the issue of new shares. The requirement for shares under all current share-based schemes will
be met by market purchased shares (LTIP, Share Saving and Share Incentive Plans). The remaining options under the Discretionary Share
Option Schemes will continue to be met from new issue shares.
Potential vesting of outstanding awards
The table below shows how vesting of outstanding share awards would take place if the performance was based on that for the year
under review.
Grant date Actual basis year Vesting
December 2007 30 September 2010 0%
February 2008 30 September 2010 0%
January 2009 30 September 2011 0%
December 2009 and July 2010 30 September 2012 0%
On behalf of the Board
Keith Hamill
Remuneration Committee Chairman
15 November 2010