About Performance Unit:
Performance Unit, also known as phantom stock refers to the company were to use ordinary shares as a long-term incentive compensation paid to the operator,EquityTransfer from the operators whether they have met predetermined performance indicators to decide. If the realization of the company's performance goals, were granted to those who could then enjoy a certain amount ofDividend, But not ownership and voting rights, can not be transferred and sold, leaving the company automatically lapse. In the virtual stock holders under the conditions to achieve stated objectives, the company paid to the holders of the yield, either to pay in cash, stock equivalent, you can also pay the equivalent combination of stock and cash. Phantom stock through its corporate residual claim holders to share, their long-term gains and business benefits linked.
Performance Unit - Features
1. executives of the annual incentive bonuses based on company's operating performance based on the year, directly linked with the profit that year, the general that year the company'sNet AssetsRate of return linked; the company on an annual basis the performance of executives to extract a certain reward fund.
2. the company is through the use of incentive funds according to the prevailing market price from the secondary market to purchase shares of the company's manner, thus bypassing the current "Companies"In the legal obstacles related to stock options.
3. senior management of the Company stock held by the right line there is a certain time limit.
4.senior management incentive bonus at the outset in respect of all or part of the transformation-based company's stock, in fact the stock purchase of certain mandatory.
