10.01.2014 Views

4.4 Legal risk - Scor

4.4 Legal risk - Scor

4.4 Legal risk - Scor

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

30 October 2012 performance shares<br />

Following the authorization by the Shareholders' Meeting on 3 May 2012, the Company's Board of Directors of 30 October<br />

2012, on the proposal of the Compensation and Nominations Committee of 30 October 2012, decided to grant performance<br />

shares to certain Partners hired after 19 March 2012.<br />

The Chairman and CEO, under the authority given by the Board of Directors held on 19 March 2012 for the implementation<br />

of this plan, allocated on 30 October 2012 98,400 performance shares to 24 Partners.<br />

All the shares awarded to the Senior Global Partners and half of the allocations awarded to the other (less Senior Global<br />

Partners) beneficiaries, are subject to the satisfaction of performance conditions (for the description of the performance<br />

conditions, refer to paragraph “19 March 2012 performance shares”).<br />

The conditions of this plan are similar to those SCOR usually decides with a vesting period of two years for the tax residents<br />

in France (and an obligation to retain shares for a period of two years after the end of the vesting period), and of four years<br />

for the beneficiaries not tax residents in France.<br />

The table below presents the total number of shares allocated in 2011 and 2012 by category within the Group :<br />

Total<br />

number<br />

of LTIP<br />

shares<br />

allocate<br />

in 2012<br />

Total<br />

number of<br />

beneficiar<br />

ies of<br />

LTIP in<br />

2012<br />

Total<br />

number of<br />

shares<br />

allocated<br />

in 2012<br />

(excludin<br />

g LTIP<br />

and PPP)<br />

Total<br />

number of<br />

beneficiar<br />

ies in<br />

2012<br />

(excludin<br />

g LTIP<br />

and PPP)<br />

Total Total<br />

number of<br />

LTIP<br />

shares<br />

allocate in<br />

2011 (2)<br />

Total<br />

number of<br />

beneficiar<br />

ies of<br />

LTIP in<br />

2011 (2)<br />

number of<br />

shares<br />

allocated in<br />

2011<br />

(excluding<br />

LTIP) (2)<br />

Total<br />

number of<br />

beneficiar<br />

ies in<br />

2011<br />

(excludin<br />

g LTIP) (2)<br />

Corporate<br />

Officer (1) - - 125,000 1 125,000 1 125,000 1<br />

Members of<br />

the<br />

Executive<br />

Committee - - 304,000 7 392,000 9 368,000 (3) 9<br />

Partners 108,500 23 1,317,100 521 196,000 41 1,178,200 (3) 451<br />

Non Partners - - 168,240 1,275 0 0 175,810 1,380<br />

Total 108,500 23 1,914,340 1,804 713,000 51 1,847,010 1,841<br />

(1) Chairman and Chief Executive Officer<br />

(2) Including employees of Transamerica Re<br />

(3) In addition, in 2011, a limited number of executive members of Transamerica Re received, as a special measure in the course of the completion of the acquisition of<br />

Transamerica Re, a specific Integration Deferred Bonus paid in SCOR shares (141,500 free shares and performance shares for 15 Partners including one member of<br />

the Executive Committee). All these shares, potentially transferable on 11 August 2013, are subject to the satisfaction of performance and presence conditions<br />

161

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!