ANNUAL REPORT 2008/09 - Sonova

30. Employee share option and share purchase plans
Starting February 2005, the Group launched a yearly Executive Equity Award Program (EEAP) for the Board
of Directors of Sonova Holding AG, for the Management Board as well as for the management and senior
employees of other Group Companies. In February 2005, 2006 and 2007 the Group off ered in addition a
Share Purchase Plan (SPP) for the Group’s employees.
The following share-based payment costs have been recognized in the fi nancial years:
1,000 CHF 2008/09 2007/08
Equity-settled share-based payment costs 15,152 16,602
Cash-settled share-based payment costs 685 411
Total share-based payment costs 15,837 17,013
Executive Equity Award Plan (EEAP) (granted 2005 – 2009)
The Executive Equity Award Plan is off ered annually to the Board of Directors, to the Management Board
as well as to management and senior employees of other Group Companies, entitling them to receive
options, warrants and/or shares free of charge. Compared to the years 2005 to 2007, the EEAP plans 2008
and 2009 were amended in the way that instead of options (respectively Share Appreciation Rights
(SARs) for the plan legitimated U.S. Persons), warrants have been granted to the legitimated persons (Warrant
Appreciation Rights (WARs) for the plan legitimated U.S. Persons). For the EEAP 2009 two types of
options/warrants have been issued which diff er primarily by the expiration date. The amount of options,
warrants, SARs, WARs and/or shares granted varies depending on the degree of management responsibility
held. Options, warrants, SARs, WARs and shares granted as part of the EEAP are split into four equal
tranches. For the options, warrants, SARs and WARs, one tranche vests annually over four years. The
fi rst tranche is vested one year after the grant date. The shares are blocked over four years, one tranche
being released each year, starting one year after the grant date.
CONSOLIDATED FINANCIAL STATEMENTS
103