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17
Employees
Employee Shareholding Plans and Long-Term Incentive Plans
159
Worldline
2016 Registration Document
Grant of Company Performance Shares
17.3.4
July
25, 2016, and upon the recommendation of the Nomination
resolution), the Board of Directors, during its meeting held on
months, by the Combined General Meeting of May
26, 2016 (23
rd
In connection with the authorization granted, for thirty-eight
key-talents, including the Chief Executive Officer.
to be issued in favor of the Worldline first managerial lines and
application of a multiplier coefficient capped at 115%), existing or
the number of shares in case of over-performance, through the
the Company (taking into account a mechanism to modulate
allocation of maximum 416,614 ordinary performance shares of
and Compensation Committee, decided to proceed with the
Document.
This Plan is detailed under Section
9 of the Reference
members of the equensWorldline Board of Directors.
shares of the Company existing or to be issued in favor of the
allocation, as from January
2, 2017, of ordinary performance
and Compensation Committee, decided to proceed with the
July
25, 2016, and upon the recommendation of the Nomination
resolution), the Board of Directors, during its meeting held on
months, by the Combined General Meeting of May
26, 2016 (23
rd
In connection with the authorization granted, for thirty-eight
The Worldline Executive Directors are not eligible to this
management team of the equensWorldline company.
performance shares plan solely reserved to the operational
performance conditions triggering the application of a multiplier
account an over-performance of the internal and non-financial
coefficient of maximum 115%).
in the plan rules. A maximum of 263,925 performance shares
applicable in case of over-performance in the conditions defined
and 2019. A multiplier coefficient of maximum 115% will be
non-financial performance conditions to be met in 2017, 2018
were allocated at grant date on January
2, 2017 (taking into
performance conditions relating to equensWorldline and
period defined in the plan rules, as well as to internal
equensWorldline Board of Directors during the acquisition
The allocation is subject to a condition of attendance within the
2017 targets which were known at the end of December
2016.
2017-2019 period and allow in addition to take into account the
strategic three-year plan of the Company covering the
performance conditions of the plan are aligned with the
(on September
30, 2016). For the remaining, the above
following the closing of the transaction with equensWorldline
the closed periods relating to the grant of performance shares
2016 but was postponed to January
2, 2017 to take into account
The grant date was initially planned during second semester
Stock-Options plans and Performance Shares plans of the Company
Achievement of the performance conditions relating to the
17.3.5
May
15, 2016 and the options are exercisable since then.
The stock-options plan dated September
3, 2014 vested on
this plan remains subject to the achievement of the 2016
2015 and 2016. The acquisition of the stock-options in respect of
the performance conditions were achieved for each of the years
Regarding the stock-options plan dated September
1, 2015
,
presence condition on the acquisition date, on May
15, 2017.
external performance condition as well as the completion of the
Criterion completion
Worldline Revenue Growth
YES
2016
YES
2015
Criterion completion
Worldline OMDA
YES
2016
2015
YES
Worldline Free Cash Flow
Criterion completion
YES
2016
YES
2015
External Condition
linked to Environmental and Social Responsibility
Criterion completion*
YES
2016
2015
YES
Achievement of the performance conditions
YES
for its Corporate Responsibility Integrated Reports.
In 2016, for the third consecutive year, Worldline received the highest ranking of the Global Reporting Initiative – the GRI G4 comprehensive rating –
*