2014 Registration Document and Annual Financial Report - page 143

3
Corporate GOVERNANCE
Interests and compensation
Table 13: Achievement levels in 2014 of the performance conditions for performance share plans
Theoretical maximum number
of shares that may vest
Actual number of
shares vested in 2014
Grant date Performance conditions
Criteria
weighting
By perfor­
mance
condition
(before cap)
Aggregate
(after cap)
By
performance
condition
(before
cap)
Aggregate
(after
cap)
% of
original
grants
04/15/2013
Actual
versus
budgeted EBIT
margin
50% 78,426
104,568
65,355
104,568 50%
Actual
versus
budgeted operating
cash flow (excluding acquisitions
and disposals)
50% 78,426
78,426
04/15/2013
Actual
versus
budgeted EBIT
margin
25% 10,781
28,750
8,988
19,769 34.38%
Actual
versus
budgeted operating
cash flow (excluding acquisitions
and disposals)
25% 10,781
10,781
Degree of completion of budgeted
asset disposals
25% 10,781
0
Accor’s TSR relative to that of eight
other international hotel groups
25% 10,781
0
06/18/2014
Actual
versus
budgeted EBIT
margin
50% 105,525
140,700
87,938
140,700 50%
Actual
versus
budgeted operating
cash flow (excluding acquisitions
and disposals)
50% 105,525
105,525
06/18/2014
Actual
versus
budgeted EBIT
margin
30% 44,663
99,250
37,218
94,288 47.5%
Actual
versus
budgeted operating
cash flow (excluding acquisitions
and disposals)
30% 44,663
44,663
Degree of completion of budgeted
asset disposals
15% 22,331
0
Accor’s TSR relative to that of eight
other international hotel groups
25% 37,219
12,407
Registration Document 2014
141
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