Shaw 2012 Annual Report Download - page 102

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Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2012 and 2011
[all amounts in millions of Canadian dollars except share and per share amounts]
During 2012, $2 was recorded as compensation expense (2011 – $1) and at August 31, 2012,
the carrying value of the liability was $3 (2011 – $1).
Deferred share unit plan
The Company has a DSU plan for its Board of Directors whereby directors can elect to receive
their annual cash compensation, or a portion thereof, in DSUs. In addition, the Company may
adjust and/or supplement directors’ compensation with periodic grants of DSUs. A DSU is a
right that tracks the value of one Class B Non-Voting Share. Holders will be entitled to a cash
payout when they cease to be a director. The cash payout will be based on market value of a
Class B Non-Voting Share at the time of payout. When cash dividends are paid on Class B
Non-Voting Shares, holders are credited with DSUs equal to the dividend. DSUs do not have
voting rights as there are no shares underlying the plan.
During 2012, $1 was recognized as compensation expense (2011 – $1). The carrying value and
intrinsic value of DSUs at August 31, 2012 was $6 and $5, respectively (August 31, 2011 –
$5 and $4, respectively).
Employee share purchase plan
The Company’s ESPP provides employees with an incentive to increase the profitability of the
Company and a means to participate in that increased profitability. Generally, all non-unionized
full time or part time employees of the Company are eligible to enroll in the ESPP. Under the
ESPP, eligible employees may contribute to a maximum of 5% of their monthly base
compensation. The Company contributes an amount equal to 25% of the employee’s
contributions.
During the 2012, $5 was recorded as compensation expense (2011 – $4).
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