(discussion paper written by Greg Brogan)

STI Deferral - Design & Application

Extract:

Contents

Introduction                                                                                                 3             

Proposed Operation of STI Deferral                                                            3

• Application                                                                                         3
• Proportion and Duration                                                                   4
• Delivery (Cash, Shares, Other)                                                          5
• Entitlement                                                                                         6
• Re-Testing / Clawback                                                                      7
• Medium Term Performance Tracking                                               10
• Role Movement / Promotion                                                            10

Summary of suggested design parameters                                             11