SCHEDULES
SCHEDULE 2F1... share incentive plans
Annotations:
Amendments (Textual)
Part 5Free shares
Performance allowances: targets and measures
39
1
A plan that provides for performance allowances must comply with the following requirements with respect to performance targets and performance measures.
2
The performance targets must be set for performance units comprising one or more employees.
3
The performance measures used must—
a
be based on business results or other objective criteria, and
b
be fair and objective measures of the performance of the units to which they are or may be applied.
4
For the purposes of an award of free shares under the plan an employee must not be a member of more than one performance unit.
Word in Sch. 2 title omitted (6.4.2014) by virtue of Finance Act 2014 (c. 26), Sch. 8 paras. 14, 89 (with Sch. 8 paras. 90-96)