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Table 7 – Group New Business Incentive Plan
Date of
award/
grant
As at
27 February
2010
Shares
awarded
in year
Options
exercised/
shares released
in year
As at
26 February
2011
Date from
which exercisable Expiry date
Sir Terry Leahy1,2 14.11.2007 2,680,172 93,747 – 2,773,919 Four tranches 2011-2014 14.11.2017
1 The awards made under this plan will normally vest in four tranches, four, five, six and seven years after the date of award for nil consideration. The award is in the form of nil cost
options. Awards may be adjusted to take account of any dividends paid or that are payable in respect of the number of shares earned. Sir Terry Leahy retired on 2 March 2011 and his
interest in these awards will continue until their normal vesting date.
2 The vesting of the award made to the Group CEO under this plan will be conditional upon achievement against Group and International performance conditions. Once performance
against the Group and International targets has been determined, the extent to which the award made to the Group CEO under this plan is capable of vesting will be conditional on the
financial performance of the specified new business venture, as determined by the Remuneration Committee.
Table 8 – US Long Term Incentive Plan
Date of
award/
grant
As at
27 February
2010
Shares
awarded
in year
Shares
released
in year
As at
26 February
2011 Date of release
Tim Mason114.11.2007 2,144,136 74,997 – 2,219,133 Four tranches 2011-2014
1 Subject to performance, the award made under this plan will normally vest in four tranches, four, five, six and seven years after the date of award for nil consideration. Awards may be
adjusted to take account of any dividends paid or that are payable in respect of the number of shares earned. Vesting of the award will be conditional upon achievement of the financial
performance targets, as determined by the Remuneration Committee.
Table 9 – Executive Incentive Plan
Date of
award/grant
Share price
on award
(pence)
As at
27 February
2010
Shares
awarded/
options
granted1
Shares
released/
options
exercised3
As at
26 February
2011
Date of
release/date
from which
exercisable
Richard Brasher 24.05.2007 456.75 156,084 3,670 159,754 ––
02.05.2008 424.05 155,020 5,422 – 160,442 02.05.2011
19.05.2009 351.16 124,955 4,370 – 129,325 19.05.2012
22.06.2010 388.05 – 198,899 – 198,899 22.05.2013
Total 436,059 212,361 159,754 488,666
Philip Clarke 24.05.2007 456.75 98,773 2,322 101,095 ––
02.05.2008 424.05 91,461 3,198 – 94,659 02.05.2011
19.05.2009 351.16 124,955 4,370 – 129,325 19.05.2012
22.06.2010 388.05 – 198,899 – 198,899 22.05.2013
Total 315,189 208,789 101,095 422,883
Andrew Higginson 24.05.2007 456.75 98,773 2,322 101,095 ––
02.05.2008 424.05 91,461 3,198 – 94,659 02.05.2011
19.05.2009 351.16 124,955 4,370 – 129,325 19.05.2012
22.06.2010 388.05 – 198,899 – 198,899 22.05.2013
Total 315,189 208,789 101,095 422,883
Sir Terry Leahy 24.05.2007 456.75 293,296 6,896 300,192 ––
02.05.2008 424.05 418,776 14,647 – 433,423 02.05.2011
19.05.2009 351.16 271,309 9,489 – 280,798 19.05.2012
22.06.2010 388.05 – 464,792 – 464,792 22.05.2013
Total 983,381 495,824 300,192 1,179,013
Tim Mason224.05.2007 456.75 190,259 4,473 194,732 ––
02.05.2008 424.05 310,763 10,869 – 321,632 02.05.2011
19.05.2009 351.16 257,040 8,990 – 266,030 19.05.2012
22.06.2010 388.05 – 295,356 – 295,356 22.05.2013
Total 758,062 319,688 194,732 883,018
Laurie McIlwee 22.06.2010 388.05 – 149,174 – 149,174 22.05.2013
Total – 149,174 – 149,174
Lucy Neville-Rolfe 24.05.2007 456.75 79,815 1,876 81,691 ––
02.05.2008 424.05 101,784 3,559 – 105,343 02.05.2011
19.05.2009 351.16 87,468 3,058 – 90,526 19.05.2012
22.06.2010 388.05 – 149,174 – 149,174 22.05.2013
Total 269,067 157,667 81,691 345,043
David Potts 24.05.2007 456.75 98,773 2,322 101,095 ––
02.05.2008 424.05 91,461 3,198 – 94,659 02.05.2011
19.05.2009 351.16 124,955 4,370 – 129,325 19.05.2012
22.06.2010 388.05 – 198,899 – 198,899 22.05.2013
Total 315,189 208,789 101,095 422,883
Total 3,392,136 1,961,081 1,039,654 4,313,563
Directors’ remuneration report
GOVERNANCE
90
—
TESCO PLC Annual Report and Financial Statements 2011