Examples of Employee Share Schemes in a sentence
Equity and equity-related compensation benefitsSSE plc, the ultimate parent of the Company, operates a number of All Employee Share Schemes as described in the Remuneration Report of the Group.
The cost of Employee Share Schemes is now charged to the profit and loss account using the quoted market price of the shares at the date of the grant less the exercise price of the share options granted.
Directors who are participants in the IHG Employee Share Schemes will be treated in the same manner as other participants in those schemes.
The provisions of Schedule 5 (Employee Share Schemes) set out the arrangements proposed in relation to the Prudential Incentive Plans.
In some cases, Old Ferguson Shares may need to be allotted (for example, because of the exercise of rights granted by Old Ferguson under the Old Ferguson Employee Share Schemes) but the timing of their allotment could mean that they are not classified as Scheme Shares and are therefore outside the scope of the Scheme.
It is intended that rights of participants in the IHG Employee Share Schemes will be exchanged for equivalent rights over New Ordinary Shares.
On the Scheme becoming effective, the Directors will have interests in New Ordinary Shares arising pursuant to their interests in IHG Ordinary Shares under the IHG Employee Share Schemes as a result of the exchange of their existing options and awards for equivalent options and awards over New Ordinary Shares.
The Company intends to hold any Ordinary Shares that it purchases pursuant to the authority conferred by this Resolution as treasury shares for re-issue to employees exercising Share Options under the Employee Share Schemes, because the Board believes that this gives the Company the ability to cost-effectively fulfill Share Options entitlements, and provides the Company with additional flexibility in the management of its capital base.
In addition to basic salary (as set out in paragraph 9.3 below), each Executive Director is entitled to benefits including pension, car and travel allowance, a discretionary bonus and discretionary entitlements under the Company’s Employee Share Schemes (details of which are set out in paragraph 4.2 above and the Annual Report).
In addition to the above interests, the Directors also have interests in Existing Ordinary Shares as a result of their participation in the IHG Employee Share Schemes.