Unilever 2014 Annual Report Download - page 36

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LOBAL SHARE INENTIVE PLAN (AUDITED)
The followng condtonal shares were granted durng 2014 and were outstandng at 31 December 2014 under the SIP
Balance of
condtonal shares
at 1 January 2014
ondtonal shares
awarded n 2014(a)
Balance of
condtonal shares
at 31 December 2014
Share
type Orgnal award
Performance perod
1 January 2014 to
31 December 2016
Prce at
award
Dvdend shares
accrued durng
the year(d)
Vested n
2014(e)
Addtonal
shares
earned n
2014
Prce at
vestng No of shares
Paul Polman NV 134,444(b) 43,700 2770 4,702 67,362 14,735 2770 130,219
PL 135,378(b) 43,700 £2349 5,054 68,111 14,899 £2369 130,920
Jean-Marc Hut NV 93,319(c) 27,031 2770 3,178 46,645 10,203 2770 87,086
PL 93,979(c) 27,031 £2349 3,416 47,165 10,319 £2369 87,580
(a) Each award of condtonal shares vests three years after the date of the award, subect to performance condtons (further detals can be found on pages 65
to 66) The 2014 award was made on 14 February 2014 (vestng 14 February 2017)
(b) Ths ncludes a grant of 47,173 of each of NV and PL shares made on 14 March 2011 (128% of whch vested on 14 March 2014), a grant of 38,676 of each
of NV and PL shares made on 17 February 2012 (121% of the award vested on 17 February 2015), a grant of 39,698 of each of NV and PL shares made on
18February 2013 (vestng 18 February 2016) and 8,897 NV shares and 9,831 PL shares from renvested dvdends accrued n pror years n respect of awards
(c) Ths ncludes a grant of 32,665 of each of NV and PL shares made on 14 March 2011 (128% of whch vested on 14 March 2014), a grant of 29,798 of each of NV
and PL shares made on 17 February 2012 (121% of the award vested on 17 February 2015), a grant of 24,556 of each of NV and PL shares made on
18February2013 (vestng 18 February 2016) and 6,300 NV shares and 6,960 PL shares from renvested dvdends accrued n pror years n respect of awards
(d) Reflects renvested dvdend equvalents accrued durng 2014 and subect to the same performance condtons as the underlyng SIP shares
(e) The 14 March 2011 grant vested on 14 March 2014 at 128% In accordance wth Unlever’s Remuneraton Polcy (wwwunlevercom/ara2014/downloads),
Executve Drectors are able to choose whether they receve any shares that are due to vest under SIP n PL or NV shares or keep the 50/50 mx
Paul Polman elected for share choce and chose to receve hs shares n the form of 100% NV shares Therefore, upon vestng, hs 14 March 2011 PL award
was cancelled and converted and delvered to hm as 69,755 NV shares (resultng n a total vestng for the 14 March 2011 grant of 137,117 NV shares)
On 13 February 2015, Paul Polman receved an award of 36,497 NV and 36,497 PL performance-related shares and Jean-Marc Hut
receved an award of 22,576 NV and 22,576 PL performance-related shares under the SIP
SHARE SAVE PLAN (AUDITED)
The Unlever PL 2005 Share Save Plan s a UK tax-qualfed, all-employee, savngs-related share opton scheme under whch
employees can save up to a lmt of £250 per month wth an opton to buy PL shares at the end of a fve-year vestng perod (subect
to contnued employment)
Share type
Balance of optons at
1 January 2014(a)
ranted n
2014
Balance of
optons at
31 December 2014(b)
Frst
exercsable date Fnal expry date
Paul Polman PL1,042 – 0 01/10/2014 01/04/2015
(a) Opton prce at grant was £1492
(b) Paul Polman exercsed hs 1,042 optons on 25 November 2014
There are no further outstandng awards under ths plan and no further awards wll be granted
EXEUTIVE DIRETORS’ SERVIE ONTRATS
Startng dates of our Executve Drectors’ servce contracts
EO 1 October 2008 (sgned on 7 October 2008)
FO 1 February 2010 (sgned on 19 March 2010)
Both servce contracts shall end upon termnaton and are avalable to shareholders to vew at the AMs or on request from the roup Secretary
Servce contracts can be termnated wth 12 months’ notce from Unlever or sx months’ notce from the Executve Drector A payment
n leu of notce can be made of no more than one year’s base salary, fxed allowance and other benefts unless the Boards, at the
proposal of the ommttee, fnd ths manfestly unreasonable gven the crcumstances or unless dctated by applcable law Other
payments that can be made to Executve Drectors n the event of loss of offce are dsclosed n our Remuneraton Polcy whch s
avalable on our webste
wwwunlevercom/ara2014/downloads
PAYMENTS TO FORMER DIRETORS (AUDITED)
There have been no payments to former Drectors durng the year
PAYMENTS FOR LOSS OF OFFIE (AUDITED)
There were no payments for loss of offce
73Unilever Annual Report and Accounts 2014 Governance