12.07.2015 Views

FAQs - Ausenco

FAQs - Ausenco

FAQs - Ausenco

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<strong>Ausenco</strong> – 2012 Employee Share Acquisition Plan (ESAP):Frequently Asked QuestionsThe 2012 ESAP is a benefit provided by <strong>Ausenco</strong> to permanent full time and part time employees. It isdesigned to provide employees with the opportunity to become a part owner of the company and share in thepotential medium to long term successes.1.4 I started after 31 August this year – why can’t I participate?The start date is related to the terms of the 2012 ESAP agreed by the <strong>Ausenco</strong> Board. The Board makes adecision each year on whether an Offer will be made, so there may be an opportunity to participate if anotherESAP offer is made next year.1.5 I’m going to be away during the offer period, can I still participate?We know a lot of our people are travelling, so we have provided a three week Offer period. If you wish toparticipate in this Offer you will need to apply during the Offer period. Unfortunately we are not able to makeexceptions.1.6 How can I find out more information about the 2012 ESAP?All the necessary information is available on The Hub, if you require further information, you can send an e-mail to esapenquiries@ausenco.com2 ESAP Terms2.1 What is a strike date and why is this relevant?The strike date for the 2012 ESAP Offer is 30 November 2012. The strike date is the date at which the strikeprice for the 2012 ESAP is determined.The strike price is the price at which shares under the 2012 ESAP will be purchased and it is this price whichdetermines the number of Employee Contribution Shares an Eligible Employee is entitled to,2.2 What is a vesting period?The vesting period is the period of time before securities are held unconditionally by the Eligible Employeeparticipating in the Share Plan.Under the terms of the 2012 ESAP, the vesting period is 30 November 2012 to 30 November 2014.If your employment is terminated or you leave prior to 30 November 2014 any 2012 ESAP Conditional Rights,which have not satisfied the minimum holding period, will be forfeited.2.3 What is my SRN?<strong>Ausenco</strong> 2012 ESAP Frequently Asked Questions Commercial-in-confidence Page | 3

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