2013 Registration document and annual financial report - page 303

Registration Document 2013
301
FINANCIAL STATEMENTS
Parent Company Financial Statements and Notes
5
Performance share plans
Plan 2009 Plan 2009 Plan 2011 Plan 2011 Plan 2011 Plan 2012 Plan 2012 Plan 2012 Plan 2013 Plan 2013 Plan 2013
Grant date
03/31/2009 03/31/2009 04/04/2011 04/04/2011 04/04/2011 03/27/2012 03/27/2012 03/27/2012 04/15/2013 04/15/2013 04/15/2013
Expiration date
03/31/2011 03/31/2013 04/04/2015 04/04/2015 04/04/2016 03/27/2016 03/27/2016 03/27/2016 04/15/2017 04/15/2017 04/15/2017
Value used for calculating the
contribution sociale surtax
(in euros)
(1)
25.49
25.49
30.62
29.35
29.98
25.32
24.16
25.32
23.40
NA 21.10
Vesting conditions
2 years of
seniority +
perfor­
mance
condi-
tions
(2)
4 years of
seniority +
perfor­
mance
condi-
tions
(2)
2 years of
seniority +
perfor­
mance
condi-
tions
(3)
4 years of
seniority +
perfor­
mance
condi-
tions
(3)
3 years of
seniority +
perfor­
mance
condi-
tions
(4)
2 years of
seniority +
perfor­
mance
condi-
tions
(5)
4 years of
seniority +
perfor­
mance
condi-
tions
(5)
2 years of
seniority +
perfor­
mance
condi-
tions
(6)
Perfor­
mance
condi-
tions
(7)
Perfor­
mance
conditions
(7)
Perfor­
mance
condi-
tions
(8)
Number of performance shares
granted at the plan launch
249,084 51,299 190,331 38,326 20,450 170,332 67,269 47,375 169,605 48,445 72,500
Potential number of new shares
to be issued at Dec. 31, 2011
if performance conditions met
-
21,923 189,206 38,176 20,450
-
-
-
-
-
-
Number of performance
shares granted in 2012
-
-
-
-
-
170,332 67,269 47,375
-
-
-
Number of performance
shares vested in2012
-
-
-
-
-
-
-
-
-
-
-
Number of performance
shares forfeited in 2012
-
-
3,140
895
-
1,316
874
-
-
-
-
Number of performance shares
cancelled in 2012 due to failure to
achieve the performance conditions
-
530
1,243
241
-
10,244
4,034
9,871
-
-
-
POTENTIAL NUMBER OF
NEW SHARESTO BE ISSUEDAT
DEC. 31, 2012 IF PERFORMANCE
CONDITIONS MET
-
21,393 184,823 37,040 20,450 158,772 62,361 37,504
-
-
-
Number of performance
shares granted in 2013
-
-
-
-
-
-
-
-
169,605 48,445 72,500
Number of performance
shares vested in 2013
-
20,506 182,332
-
-
150
-
-
-
-
-
Number of performance
shares forfeited in 2013
-
887
2,491
3,844
-
1,741
2,382
-
665
-
-
Number of performance shares
cancelled in 2013 due to failure to
achieve the performance conditions
-
-
-
-
6,816
-
-
-
1,215
200 22,187
POTENTIAL NUMBER OF
NEW SHARESTO BE ISSUEDAT
DEC. 31, 2013 IF PERFORMANCE
CONDITIONS MET
-
-
-
33,196 13,634 156,881 59,979 37,504 167,725 48,245 50,313
Number of performance shares
vested since the plan launch
107,646 20,883 182,332
-
-
150
-
-
-
-
-
Number of performance shares
cancelled since the plan launch
141,438 30,416
7,999
5,130
6,816 13,301
7,290
9,871
1,880
200 22,187
(1) Surtax of 10% for performance shares granted until 2011 and 14% for performance shares granted after 2012.
(2) Performance conditions based on Accor Hospitality ROCE, Accor Services revenue and consolidated recurring operating profit after tax.
(3) Performance conditions based on revenue growth and EBIT and operating cash flow targets.
(4) Performance conditions based on the Chairman and CEO successfully taking up his duties, including successfully implementing changes in the Group’s organizational structure.
(5) Performance conditions based on actual versus budgeted EBIT margin, and actual versus budgeted operating cash flow excluding acquisitions and disposals.
(6) Performance conditions based on actual versus budgeted EBIT margin, actual versus budgeted operating cash flow excluding acquisitions and disposals, and the degree
of completion of the asset disposal plan included in the budget.
(7) Performance conditions based on actual versus budgeted EBIT margin and actual versus budgeted operating cash flow excluding acquisitions and disposals.
(8) Performance conditions based on actual versus budgeted EBIT margin, actual versus budgeted operating cash flow excluding acquisitions and disposals, the degree
of completion of the asset disposal plan included in the budget, and Accor’sTSR versus theTSR of eight other international hotel groups.
1...,293,294,295,296,297,298,299,300,301,302 304,305,306,307,308,309,310,311,312,313,...344
Powered by FlippingBook