LUX » Topics » Luxottica Group S.p.A. 2008 Performance Shares Plan

This excerpt taken from the LUX 20-F filed Jun 25, 2009.

Luxottica Group S.p.A. 2008 Performance Shares Plan

 

In May 2008, a performance shares plan for the top managers of the Company and other companies directly or indirectly controlled by the Company to be identified by the Board was adopted. For further information on this plan, see Item 6—“Directors, Senior Management and Employees—Share Ownership.”

 

This excerpt taken from the LUX 20-F filed Jun 26, 2008.

Luxottica Group S.p.A. 2008 Performance Shares Plan

 

In May 2008, a performance shares plan for the top managers of the Company and other companies directly or indirectly controlled by the Company to be identified by the Board (the “Plan”) was adopted. The Plan is intended to strengthen the loyalty of our key employees and to recognize their contributions to our success on a medium- to long-term

 

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basis. The beneficiaries of the Plan will be granted the right to receive ordinary shares, without consideration, at the end of a three-year vesting period and subject to achievement of certain Company performance targets to be determined by the our Board. The Plan will have a term of five years, during which the Board may resolve to issue different grants to the Plan’s beneficiaries. The Plan covers a maximum of 6,500,000 ordinary shares. Each annual grant will not exceed 2,000,000 ordinary shares. See Item 6—“Directors, Senior Management and Employees—Share Ownership” for more information.

 

EXCERPTS ON THIS PAGE:

20-F
Jun 25, 2009
20-F
Jun 26, 2008
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