Barclays 2012 Annual Report Download - page 104

Executive Directors - outstanding long term incentive plans performance conditions
Plan Performance period
Performance
period
measure Target Underpin Actual performance
Barclays LTIP 2012-2014 60% of award
calibrated
against RoRWA
(excluding own
credit)
23% of award vests for
average annual RoRWA
percentage of 1.1% over
the performance period.
Maximum of 60% vests for
average annual RoRWA of
1.6%. Vesting on a straight
line basis in between
Following the determination
of the RoRWA vesting
percentage, if the Committee
is satisfied with underlying
Group financial health
(based on cumulative profit
before tax excluding own
credit) it may, at its discretion,
adjust the percentage of
award up or down by up to
five vesting percentage points
(subject to the maximum of
60% for the award calibrated
against RoRWA)
To be
determined at
vesting in May
2015
30% of award
calibrated
against loan
loss rate
10% of award vests for
average annual loan loss
rate of 93bps over the
performance period.
Maximum of 30% vests for
70bps or below. Vesting on a
straight line basis in between
10% of award
calibrated
against
Citizenship
metrics
Performance against the
Barclays Citizenship strategy
is assessed by the Committee
to determine the percentage
of the award that may vest
between 0% and 10%
Barclays LTIP 2011-2013 60% of award
calibrated
against RoRWA
23% of award vests for
average annual RoRWA
percentage of 1% over
the performance period.
Maximum of 60% vests for
average annual RoRWA of
1.5%. Vesting on a straight
line basis in between
Following the
determination of the
RoRWA vesting percentage,
the Committee may take
into account profit before
tax over the performance
period and may, at its
discretion, adjust the
percentage of award up or
down by up to five vesting
percentage points (subject
to the maximum of 60% for
the award calibrated
against RoRWA)
To be
determined
at vesting in
May 2014
30% of award
calibrated
against loan
loss rate
10% of award vests for
average annual loan loss
rate of 95bps over the
performance period.
Maximum of 30% vests for
81bps or below. Vesting on a
straight line basis in between
10% of award
calibrated
against
sustainability
metrics
Performance against the
sustainability metrics is
assessed by the Committee
to determine the percentage
of the award that may vest
between 0% and 10%
PSP 2010-2012 50% of award
calibrated
against a relative
TSR performance
condition
33% of maximum award
released for above median
performance (6th place)
with 100% released in 1st
place and a scaled basis
in between
Committee must be
satisfied with the
underlying financial
health of the Group after
considering economic
profit and profit before tax
on a cumulative basis over
the three year period
Details of actual
performance
are shown on
page 91
50% of award
calibrated
against average
RoRWA
17% of maximum award
released for 0.83% scaled to
a maximum award at 1.46%
PSP TSR peer group: UK: HSBC; Europe: Banco Santander, BBVA, BNP Paribas, Credit Suisse, Deutsche Bank, Societe Generale, Unicredit;
US: Bank of America, JP Morgan Chase, Morgan Stanley.
Statutory remuneration disclosures continued
barclays.com/annualreport102 I Barclays PLC Annual Report 2012