Executive Share Ownership Guidelines. If the Employee has been designated as a participant in the Company’s Executive Share Ownership Guidelines, which have been established by the Compensation Committee of the Board of Directors, Vested Shares earned by the Employee (net of tax withholdings) pursuant to this Share Agreement would qualify under and are subject to such guidelines.
Executive Share Ownership Guidelines. 7.1 One of the main objectives of the suite of incentive plans is to ensure that there is strong alignment between the interests of our senior executives with those of our shareholders. Therefore, in order to encourage executives to think like our shareholders, there is an expectation that our senior team members will build up and maintain an appropriate level of shareholding in Xxxxx & Nephew. Upon starting employment, any existing shareholdings will count towards meeting your share ownership expectations as well as any shares held by (or in respect of) your spouse or partner. For you, this means an equivalent of 200% of your salary. In order to provide flexibility in the achievement of the guidelines, 50% of any future vested awards granted by the Company can be sold (after tax) with the remainder held until the share ownership guidelines are achieved.
Executive Share Ownership Guidelines. Executive will be subject to Parent’s executive share ownership guidelines, as in effect from time to time. The Executive is expected to build up and maintain a minimum level of shareholding in Parent. Under Parent’s current post-cessation shareholding policy, Executive is also expected to remain in adherence with Parent’s share ownership guidelines (or retain Executive’s current shareholding if lower) for a period of two years following departure from the role.
Executive Share Ownership Guidelines. 7.1 One of the main objectives of the suite of incentive plans is to ensure that there is strong alignment between the interests of our senior executives with those of our shareholders. Therefore, in order to encourage executives to think like our shareholders, there is an expectation that our senior team members will build up and maintain an appropriate level of shareholding in Xxxxx & Nephew. Upon starting employment, any existing shareholdings will count towards meeting your share ownership expectations as well as any shares held by (or in respect of) your spouse or partner. For you, this means an equivalent of 300% of your salary. This must be achieved within a period of five years from appointment. Until you have achieved this requirement, you are required to retain 50% of the net number of shares vesting from all Xxxxx & Nephew incentive plans.
