2014 Registration Document and Annual Financial Report - page 145

3
Corporate GOVERNANCE
Interests and compensation
Vesting date
End of lock-up
period
Number
of vested
shares
subject to
lock-up
Number of
vested shares no
longer subject to
lock-up Performance conditions
04/04/2013 or
04/04/2015
(3)
04/04/2015 182,212
(4)
120
(5)
Revenue growth based on constant scope of
consolidation, actual
versus
budgeted EBIT and actual
versus
budgeted operating cash flow (excluding disposals)
04/04/2014
04/04/2016
13,634
(4)
- Successfully taking up the duties of Chairman and Chief
Executive Officer
03/27/2014 or
03/27/16
(3)
03/27/2016 151,877
(4)
150
(5)
Actual
versus
budgeted EBIT margin and actual
versus
budgeted operating cash flow (excluding acquisitions and
disposals)
03/27/2014
03/27/2016
37,504
(4)
- Actual
versus
budgeted EBIT margin, actual
versus
budgeted operating cash flow (excluding acquisitions and
disposals), and degree of completion of budgeted asset
disposals
04/15/2015 or
04/15/2017
(3)
04/15/2017
-
- Actual
versus
budgeted EBIT margin and actual
versus
budgeted operating cash flow (excluding acquisitions and
disposals)
04/15/2015
04/15/2017
-
- Actual
versus
budgeted EBIT margin, actual
versus
budgeted operating cash flow (excluding acquisitions
and disposals), degree of completion of budgeted asset
disposals, and Accor’s Total Shareholder Return (TSR)
relative to eight other international hotel groups
06/19/2016 or
06/19/2018
(3)
06/19/2018
-
- Actual
versus
budgeted EBIT margin and actual
versus
budgeted operating cash flow (excluding acquisitions and
disposals)
06/19/2016 or
06/19/2018
(3)
06/19/2018
-
- Actual
versus
budgeted EBIT margin, actual
versus
budgeted operating cash flow (excluding acquisitions
and disposals), degree of completion of budgeted asset
disposals, and Accor’s Total Shareholder Return (TSR)
relative to eight other international hotel groups
Registration Document 2014
143
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