47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 114
A.G. BARR p.l.c. Annual Report and Accounts 2025
D I R E C TO R S ’
R E M U N E R ATI O N R E P O R T
CO N TI N U ED
Element
Purpose and link to strategy
Long Term
Incentive Plan
(“LTIP”)
continued
Operation
Maximum opportunity
Performance measures
The Remuneration Committee has the right
to reduce or cancel unvested awards and/or
delay their vesting in the circumstances set
out above.
For achievement of
threshold performance
20% of the maximum
opportunity will vest.
The Remuneration Committee has discretion
to amend the level of LTIP vesting if, in its
judgement, any formulaic output does not
produce a fair result for either the executive
director or the Company, taking into account
overall business performance.
There will usually be
straight line vesting
between threshold and
maximum performance.
The Remuneration Committee may make
a dividend equivalent payment (“Dividend
Equivalents”) to reflect dividends that would
have been paid over the period from grant to
vesting on shares that vest. This payment may
be in the form of additional shares or a cash
payment equal to the value of those additional
shares.
All employee
To encourage all
share schemes employees to make a
long-term investment
in the Company’s
shares in a tax
efficient way.
Executive directors are eligible to participate in Participation limits are those set
a HMRC tax-advantaged All-Employee Savings by the UK tax authorities from
Related Share Option Scheme (“SAYE”) under
time to time.
which they make monthly savings over a period
of three or five years linked to the grant of an
option over the Company’s shares with an
option price which can be at a discount to the
market value of shares on grant.
Executive directors are also eligible to
participate in a HMRC tax-advantaged
All-Employee Share Ownership Plan (“AESOP”).
The executive directors may participate in all
sections of the AESOP, being the partnership
and matching shares section, the free share
section and the dividend share section.
112
Not applicable.
