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17
Employees
Employee Shareholding Plans and Long-Term Incentive Plans
158
Worldline
2016 Registration Document
opening share prices preceding the grant date, increased by 5%.
two plans corresponds to the average of the 20 Worldline
The exercise price of the stock-options granted under the above
stock-options plans of May
25 and August
16, 2016.
The Executive Directors are not benefitting from the above two
detailed below:
the prior stock-options plans offered by the Company and are
The performance conditions of the above plans are aligned with
Performance Conditions
Plan of 09/03/2014
Plan of 09/01/2015 Plan of 05/25/2016 Plan of 08/16/2016
amounts:
Group Free Cash Flow
, before dividends
at least equal to one of the following two
acquisitions/disposals in the relevant year, is
and income generated from
generated from acquisitions/disposals in the budget of the Company for the relevant
(i) 85% of the Worldline Group Free Cash Flow set forth, before dividends and income
year; or
acquisitions/disposals recorded in the previous year increased by 10%.
(ii) the Worldline Group Free Cash Flow before dividends and income generated from
two amounts:
year is at least equal to one of the following
Depreciation and Amortization in the relevant
And Group Operating Margin
before
Amortization disclosed in the budget of the Company for the relevant year; or
(i) 85% of the Worldline Group Operating Margin before Depreciation and
recorded in the previous year increased by 10%.
(ii) the Worldline Group Operating Margin before Depreciation and Amortization
amounts:
at least equal to one of the following two
And Group Revenue
for the relevant year is
minus a percentage defined by the Board of Directors; or
(i) the growth rate set forth in the Company’s budget for the corresponding year
(ii) the annual growth rate in reference to the growth targets of the Company.
linked to Environmental and Social
And External Performance Condition
Responsibility
2015.
(previously GRI A) for
“Comprehensive”
rating GRI G4
GRI B for 2014 and
requirement of previous
Worldline must fulfill the
“Comprehensive” (previously GRI A) each relevant year.
Worldline must fulfill the requirement of GRI G4
Concerned years
2014 and 2015
2015 and 2016
2016 and 2017
Vesting % in case of presence of the beneficiary on the vesting date
05/25/2016 and 08/18/2016
Plans of 09/03/2014, 09/01/2015,
relevant years (if one condition is not met in the first year, the same condition will become
100% if at least two of the three internal performance conditions are met for each of the
otherwise.
condition related to the Company’s Environmental and Social Responsibility is met. 0%
compulsory for the following year) and if, for each of the relevant years, the performance