2013 Registration document and annual financial report - page 152

Registration Document 2013
150
Corporate Governance
3
Interests and Compensation
Performance share plans
Performance share plans set up in 2013
Accor set up the following two performance share plans on
April 15, 2013:
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the first, intended for senior and middle managers, concerned
793 beneficiaries in around 40 countries worldwide.
The applicable performance conditions are described in note 25,
page 240 to the consolidated financial statements. The plan’s
performance shares have a two-year vesting period followed by
a two-year lock-up period, or a four-year vesting period without
any lock-up, depending on the country;
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the second plan was restricted to executive officers and the
other members of the Executive Committee. The applicable
performance conditions are described in note 25, page 240 to
the consolidated financial statements. The plan’s performance
shares have a two-year vesting period followed by a two-year
lock-up period for all grantees.
Table 10, page 153 below sets out the number of performance
shares granted under these plans by the Board of Directors to
Mr. Hennequin in his capacity as Accor’s Chairman and Chief
ExecutiveOfficer and toMr. Caillere as President and Chief Operating
Officer. No performance shares were granted in 2013 either to
Mr. Bazin, in his capacity as Chairman and Chief Executive Officer,
or to Mr. Boinet, in his capacity as Deputy Chief Executive Officer.
In accordance with Article L. 225-197-6 of the French Commercial
Code, the Company has a discretionary profit-sharing plan that
covers at least 90% of all employees in its subsidiaries in France.
Proportion of performance shares vesting
on fulfillment of performance conditions
Each year, the Board of Directors places on record the degree
of fulfillment of the performance conditions applicable under
performance share plans.
At its meeting on February 19, 2014, the Board of Directors placed
on record that for the performance share plans outstanding in 2013
the following proportions of the shares granted could vest, based
on the extent to which the applicable performance conditions
had been met:
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0%under theApril 4, 2011 plan set up specifically forMr. Hennequin
when he took up his position as Chairman and Chief Executive
Officer;
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50% under the March 27, 2012 plan;
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50% under the March 27, 2012 plan set up for executive officers
and the other members of the Executive Committee;
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50% under the April 15, 2013 plan;
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37.5% under the April 15, 2013 plan set up for executive officers
and the other members of the Executive Committee.
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