Unilever 2002 Annual Report Download - page 62

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Remuneration report 59
Unilever Annual Report & Accounts and Form 20-F 2002
Directors’ conditional share awards under the TSR Long-Term Incentive Plan
Conditional rights to ordinary shares in PLC and NV were granted, vested or lapsed in 2002 as follows:
End date of
final
Grant Performance period performance
Name Share type 1 January Granted (1) price (2) Vested Lapsed 31 December for 2002 award period
A Burgmans NV 6 472 5 980 583p – – 12 452 01/01/02-31/12/04 31/12/04
PLC 48 360 42 319 66.90 – – 90 679 01/01/02-31/12/04 31/12/04
N W A FitzGerald NV 6 472 5 980 583p – – 12 452 01/01/02-31/12/04 31/12/04
PLC 48 360 42 319 66.90 – – 90 679 01/01/02-31/12/04 31/12/04
AC Butler NV 4 045 3 737 583p – – 7 782 01/01/02-31/12/04 31/12/04
PLC 30 225 26 450 66.90 – – 56 675 01/01/02-31/12/04 31/12/04
P J Cescau NV 4 045 3 737 583p – – 7 782 01/01/02-31/12/04 31/12/04
PLC 30 225 26 450 66.90 – – 56 675 01/01/02-31/12/04 31/12/04
K B Dadiseth NV 4 045 3 737 583p – – 7 782 01/01/02-31/12/04 31/12/04
PLC 30 225 26 450 66.90 – – 56 675 01/01/02-31/12/04 31/12/04
A R van Heemstra NV 4 045 3 737 583p – – 7 782 01/01/02-31/12/04 31/12/04
PLC 30 225 26 450 66.90 – – 56 675 01/01/02-31/12/04 31/12/04
R H P Markham NV 4 045 3 737 583p – – 7 782 01/01/02-31/12/04 31/12/04
PLC 30 225 26 450 66.90 – – 56 675 01/01/02-31/12/04 31/12/04
C B Strauss NV (3) 3 223 2 977 $59.09 – – 6 200 01/01/02-31/12/04 31/12/04
PLC (4) 23 580 21 032 $8.3625 – – 44 612 01/01/02-31/12/04 31/12/04
(1) Number of conditional rights to NV and PLC shares granted in 2002. The precise number of shares that will vest in March 2005 will
depend on the TSR ranking of Unilever, during the performance period shown above, against a peer group of 20 comparator companies
and will vary between 0% and 200% of the original number of conditional shares granted.
(2) Price of shares at date of grant on 21 March 2002.
(3) NV New York shares.
(4) The award was made in the form of American Depository Receipts (1 ADR equivalent to 4 PLC shares). The number of ADRs granted in
2002 was 5 258 (equivalent to 21 032 PLC shares) at a price of $33.45.
Advisory Directors
The Advisory Directors are not formally members of the Boards of NV and PLC and are therefore excluded when reference
is made to directors in this report.
The remuneration of the Advisory Directors is decided by the Boards. Advisory Directors receive an annual fee and are
reimbursed expenses incurred in attending meetings. They do not receive any performance related bonuses, pension
provisions, share options or other forms of benefit as Advisory Directors. They do not have service contracts. The annual
fees paid to each Advisory Director in 2002 were as follows:
Advisory Directors fees paid in 2002:
Report of the Directors
Paid in euros
Name Fees
B Collomb 55 000
Professor W Dik 55 000
O Fanjul 55 000
F H Fentener van Vlissingen 55 000
H Kopper 55 000
H O C R Ruding 27 500
J van der Veer 41 250
Paid in pounds
Name Fees £
Lord Brittan 35 000
Lady Chalker 35 000
C X Gonzalez 35 000
Senator G J Mitchell 35 000
C R Shoemate 35 000
Lord Simon 35 000