Pizza Hut 2014 Annual Report Download - page 86
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15MAR201511093851
period beginning on the date of grant. The SharePower Plan shareholder of the Company in 1997, prior to the spin-off of
was originally approved by PepsiCo, Inc. as the sole the Company from PepsiCo, Inc. on October 6, 1997.
What are the key features of the RGM Plan?
.................................................................................................................................................................................................................................................................................................................................................................................
The RGM Plan provides for the issuance of up to Plan provides incentives to Area Coaches, Franchise
30,000,000 shares of common stock at a price equal to or Business Leaders and other supervisory field operation
greater than the closing price of our stock on the date of positions that support RGMs and have profit and loss
grant. The RGM Plan allows us to award non-qualified stock responsibilities within a defined region or area. While all
options, SARs, restricted stock and RSUs. Employees, non-executive officer employees are eligible to receive
other than executive officers, are eligible to receive awards awards under the RGM plan, all awards granted have been
under the RGM Plan. The purpose of the RGM Plan is (i) to to RGMs or their direct supervisors in the field. Grants to
give restaurant general managers (‘‘RGMs’’) the RGMs generally have four year vesting and expire after ten
opportunity to become owners of stock, (ii) to align the years. The RGM Plan is administered by the Committee,
interests of RGMs with those of YUM’s other shareholders, and the Committee has delegated its responsibilities to the
(iii) to emphasize that the RGM is YUM’s #1 leader, and Chief People Officer of the Company. The Board of
(iv) to reward the performance of RGMs. In addition, the Directors approved the RGM Plan on January 20, 1998.
64 YUM! BRANDS, INC. 2015 Proxy Statement
EQUITY COMPENSATION PLAN INFORMATION
Proxy Statement