Pizza Hut 2015 Annual Report Download - page 92
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YUM! BRANDS, INC.-2016Proxy Statement78
Proxy Statement
EQUITY COMPENSATION PLAN INFORMATION
What are the key features of the SharePower Plan?
The SharePower Plan provides for the issuance of up to
28,000,000 shares of stock. The SharePower Plan allows
us to award non-qualified stock options, SARs, restricted
stock and restricted stock units. Employees, other than
executive officers, are eligible to receive awards under the
SharePower Plan. The SharePower Plan is administered
by the Committee. The exercise price of a stock option or
SAR grant under the SharePower Plan may not be less
than the closing price of our stock on the date of the grant
and no option or SAR may have a term of more than ten
years. The options that are currently outstanding under the
SharePower Plan generally vest over a one to four year
period beginning on the date of grant.
The SharePower Plan was originally approved by
PepsiCo,Inc. as the sole shareholder of the Company in
1997, prior to the spin-off of the Company from PepsiCo,Inc.
on October6, 1997.
What are the key features of the RGM Plan?
The RGM Plan provides for the issuance of up to 30,000,000
shares of common stock at a price equal to or greater than
the closing price of our stock on the date of grant. The
RGM Plan allows us to award non-qualified stock options,
SARs, restricted stock and RSUs. Employees, other than
executive officers, are eligible to receive awards under the
RGM Plan. The purpose of the RGM Plan is (i)to give
restaurant general managers (“RGMs”) the opportunity to
become owners of stock, (ii)to align the interests of
RGMswith those of YUM’s other shareholders, (iii)to
emphasize that the RGM is YUM’s #1 leader, and (iv)to
reward the performance of RGMs.In addition, the Plan
provides incentives to Area Coaches, Franchise Business
Leaders and other supervisory field operation positions that
support RGMsand have profit and loss responsibilities
within a defined region or area. While all non-executive
officer employees are eligible to receive awards under the
RGM plan, all awards granted have been to RGMsor their
direct supervisors in the field. Grants to RGMsgenerally
have four year vesting and expire after ten years. The RGM
Plan is administered by the Committee, and the Committee
has delegated its responsibilities to the Chief People Officer
of the Company. The Board of Directors approved the RGM
Plan on January20, 1998.