1. David Keens has not and will not receive any loss of office payments. 2. Incentives: David Keens' outstanding share incentive benefits will be treated in accordance with the rules of the applicable plans and will remain subject to the terms contained therein. Long Term Incentive Plan ("LTIP"): Awards made in March and September 2014 lapsed on the leaving date. David's other outstanding LTIP awards (i.e. made in September 2012, March 2013 and September 2013) will vest on their original vesting date and to the extent that the performance conditions are met. As a 'good leaver', his entitlement will be time pro-rated proportionately to his actual period of service. David did not receive an LTIP award in 2015. Share Matching Plan ("SMP"): David's outstanding SMP award (i.e. made in April 2013) will vest on the original vesting date and to the extent that the performance conditions are met. As a 'good leaver', his entitlement will be time pro-rated proportionately to his actual period of service. David did not receive an SMP award in 2014 or 2015. Sharesave Scheme: outstanding options held under the all-employee Sharesave may be exercised in accordance with the rules of the plan. |
