Airbus 2015 Annual Report Download - page 176

AIRBUS GROUP REGISTRATION DOCUMENT 2015 l 144 l
Corporate Governance
4.3 Employee Profit Sharing andIncentivePlans
Fourteenth tranche
Date of Board of Directors meeting (grant date) 13December 2012
Performance and Restricted Unit plan
Performance Units Restricted Units
Number of units granted(1) 2,119,160 621,980
Number of units outstanding 2,024,076 601,800
Units granted to:
 Mr.Thomas Enders* 50,300 -
 the 10employees having being granted the
highest number of units during the year2012
(fourteenth tranche) 251,800 -
Total number of eligible beneficiaries 1,797
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2016;
 25% expected in November2016;
 25% expected in May2017;
 25% expected in November2017.
Number of vested units 2,000 2,800
(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”.
Fifteenth tranche
Date of Board of Directors meeting (grant date) 13November 2013
Performance and Restricted Unit plan
Performance Units Restricted Units
Number of units granted(1) 1,241,020 359,760
Number of units outstanding 1,202,576 355,120
Units granted to:
 Mr.Thomas Enders* 30,300 -
 the 10employees having being granted the
highest number of units during the year2013
(fifteenth tranche) 173,100 -
Total number of eligible beneficiaries 1,709
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2017;
 25% expected in November2017;
 25% expected in May2018;
 25% expected in November2018.
Number of vested units 600 -
(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