47153 AG Barr Annual Report 2025 AW4 SQ WEB - Flipbook - Page 116
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
Operation
Maximum opportunity
Performance measures
R.A. White will continue to be entitled
to receive life assurance benefits
as if he were in pensionable service
under the Scheme until his normal
retirement date notwithstanding
the termination of his employment
with the Company, but only in
circumstances where he is a
“good leaver”, as set out in his
service contract.
Retirement
benefits
continued
The maximum Company
contribution under the A.G. Barr
Retirement Plan in respect of the
remaining executive directors is
24% of salary. All executive directors
have now elected to receive
Company pension contributions
in the form of a cash allowance.
Shareholding
guidelines
Purpose is to further
align the executive
directors’ long-term
interests with those
of shareholders.
During employment
Not applicable.
The CEO and new executive directors must
retain all shares acquired under LTIP awards
and deferred bonus shares and retain half of
any bonus pay-out after tax (net of the relevant
deferred bonus shares) to purchase shares
in the Company until the value of their
shareholding is equal to 200% of gross basic
salary. Incumbent executive directors (other
than the CEO) must retain all shares acquired
under LTIP awards and deferred bonus shares
and retain half of any bonus pay-out after tax
(net of the relevant deferred bonus shares) to
purchase shares in the Company until the value
of their shareholding is equal to 150% of gross
basic salary.
Until the relevant shareholding is acquired,
the executive director may not, without
Remuneration Committee approval, sell shares
other than to finance any tax liabilities arising
from the vesting or release of awards.
114
Not applicable.
