Management & Governance
Minimum and maximum total bonuses and grants 2008
The potential maximum and minimum total value of bonuses and the face value share and option based compensation for the 2008 financial year are set out below:
| STIP Cash1 Potential range of bonus payments in March 2009 in respect of 2008 |
SOP Options (% of March 2008 salary)2,3 |
MCCP Shares (% of March 2008 salary)2,4 |
||||
|---|---|---|---|---|---|---|
| Min | Max | Min | Max | Min | Max | |
| Tom Albanese | 0 | £1,089,000 | - | 300 | - | 200 |
| Dick Evans | 0 | US$4,792,500 | - | 300 | - | 200 |
| Guy Elliott | 0 | £810,600 | - | 200 | - | 140 |
| Preston Chiaro | 0 | US$870,000 | - | 300 | - | 200 |
| Bret Clayton | 0 | US$840,000 | - | 300 | - | 200 |
| Oscar Groeneveld | 0 | A$1,920,000 | - | 200 | - | 140 |
| Keith Johnson | 0 | £504,000 | - | 200 | - | 140 |
| Andrew Mackenzie | 0 | £522,000 | - | 200 | - | 140 |
| Sam Walsh | 0 | A$1,770,000 | - | 200 | - | 140 |
Notes
- Based on eligibility at 1 March 2008.
- Grant/Conditional award based on the average share price during 2007.
- SOP options to be granted in 2008 may, subject to achievement of the performance condition, vest in 2011. The maximum value of these options at the date of vesting would be calculated by multiplying the number of vested options by the intrinsic value at that time (ie the difference between the option exercise price and the current market price of the shares).
- MCCP performance shares to be awarded conditionally in 2008 may, subject to achievement of the performance condition, vest in 2012. The maximum value of these shares at the date of vesting would be calculated by multiplying the number of vested shares by the intrinsic value at that time (ie the current market price plus, the value of dividends "earned" on the vested shares during the performance period).
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