Realized Pay definition
Realized Pay means the sum of: (1) salary, (2) actual cash bonus paid for each fiscal year, and (3) the actual “take-home” value of vested equity awards during the measurement period.
Realized Pay means the sum of (1) base salary, (2) actual annual STI received by the CEO or NEOs, as applicable, and (3) the amount of vested RSUs, PSUs and DSUs valued on the day of vesting plus the gain on exercise of Options had they been exercised on the day of vest (calculated using the one-day volume weighted average price of the Shares on the TSX on the vest date). Options are valued on the date of vest to illustrate the change in value over the applicable vesting period and to remove the impact of individual exercise decisions.