Airbus 2015 Annual Report Download - page 175

AIRBUS GROUP REGISTRATION DOCUMENT 2015 l 143 l
Corporate Governance
Registration Document 2015
4.
4.3 Employee Profit Sharing andIncentivePlans
Twelfth tranche
Date of Board of Directors meeting (grant date) 10November 2010
Performance and Restricted Unit plan
Performance Units Restricted Units
Number of units granted(1) 2,891,540 977,780
Number of units outstanding(2) 0 0
Units granted to:
 Mr.Louis Gallois* 54,400 -
 the 10employees having being granted the
highest number of units during the year2010
(twelfthtranche) 341,600 79,000
Total number of eligible beneficiaries 1,711
Vesting dates
The Performance and Restricted Units will vest if the participant is still employed
by a Group company at the respective vesting dates and, in the case
of Performance Units, upon achievement of mid-term business performance.
Vesting schedule is made up of 4 payments over 2years:
 25% expected in May2014;
 25% expected in November2014;
 25% expected in May2015;
 25% expected in November2015.
Number of vested units(2) 3,693,272 916,700
(1) Based on 100% target performance achievement. A minimum of 50% of Performance Units will vest; 100% in case of on-target performance achievement; up to a maximum
of 150% in case of overachievement of performance criteria. In case of absolute negative results (cumulative EBIT* of AirbusGroup) during the performance period, the Board
of Directors can decide to review the vesting of the Performance Units including the 50% portion which is not subject to performance conditions (additional vesting condition).
(2) Re-evaluation based on 136% performance achievement for the remaining outstanding Performance Units.
* For more information in respect of units granted to the Chief Executive Officer, please refer to the “Notes to the IFRS Consolidated Financial Statements — Note31: Remuneration”.
Thirteenth tranche
Date of Board of Directors meeting (grant date) 9November 2011
Performance and Restricted Unit plan
Performance Units Restricted Units
Number of units granted(1) 2,606,900 880,225
Number of units outstanding 1,621,252 430,509
Units granted to:
 Mr.Louis Gallois* 51,400 -
 the 10employees having being granted the
highest number of units during the year2011
(thirteenth tranche) 320,050 -
Total number of eligible beneficiaries 1,771
Vesting dates
The Performance and Restricted Units will vest if the participant is still employed
by a Group company at the respective vesting dates and, in the case of
Performance Units, upon achievement of mid-term business performance.
Vesting schedule is made up of 4 payments over 2years:
 25% expected in May2015;
 25% expected in November2015;
 25% expected in May2016;
 25% expected in November2016.
Number of vested units 1,524,034 417,472
(1) Based on 100% target performance achievement. A minimum of 50% of Performance Units will vest; 100% in case of on-target performance achievement; up to a maximum
of 150% in case of overachievement of performance criteria. In case of absolute negative results (cumulative EBIT* of AirbusGroup) during the performance period, the Board
of Directors can decide to review the vesting of the Performance Units including the 50% portion which is not subject to performance conditions (additional vesting condition).
* For more information in respect of units granted to the Chief Executive Officer, please refer to the “Notes to the IFRS Consolidated Financial Statements — Note31: Remuneration”.
Financial Statements 2015
11 22 33 44 55
QRegistration Document 2015
Annual Report 2015 Financial Statements 2015
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