Stock options and performance shares are examples of


The Board decided to continue the policy initiated in aimed at giving preference to performance shares rather than stock options in the volumes granted. Thus, for employees who up until now had received a mixed grant, the weight of performance shares has increased considerably as compared to that of options and, for many of them, performance shares have completely replaced stock options. In the case of the executive officers, the Board decided that the grant of performance shares and stock options and its changes over time will stock options and performance shares are examples of now on be evaluated in terms of the IFRS value and no longer the volumes grantedfor all recurring stock option and performance share plans stock options and performance shares are examples of, with the percentage of performance shares predominating in the total value granted.

The Board granted options to subscribe for shares in the Company in accordance with the following terms:. Subject to the performance conditions that apply to both the performance share and stock option plans defined belowthe provisions of the Plan Regulations are essentially unchanged as compared to those of the Plan term of the Plan: The number of stock options that may be exercised out of the stock options and performance shares are examples of number of stock options granted and the number of performance shares definitively awarded within the scope of the Plans will therefore depend:.

In order to take into account the impact of the Airgas acquisition and its financing, the principle was adopted:. The absolute TSR objective remains unchanged as compared to the previous plans, i. The objective with regard to the relative part of TSR is based on the average of the two indexes.

Any grant for a performance lower than the average of the two indexes is impossible. The rate of achievement of the performance conditions will be recorded by the Board at the time of its adoption of the financial statements for the financial year. The precise objective set for EPS will be made public ex postat the close of the Board meeting determining the rate of achievement of the performance conditions.

The limits set by the Board of Directors for are identical to those for and are as follows:. They are applicable to the grants as follows:. Changes in the principles The Board decided to continue the policy initiated in aimed at giving preference to performance shares rather than stock options in the volumes granted. As of November 29, 3.

It corresponds to an average annual increase sincethe year before the crisis, of 0. The number of stock options that may be exercised out of the total number of stock options granted and the number of performance shares definitively awarded within the scope of the Plans will therefore depend: In order to take into account the impact of the Airgas acquisition and its financing, the principle was adopted: The precise objective will be communicated ex post.

In sum, the applicable performance conditions are as follows: The limits set by the Board of Directors for are identical to those stock options and performance shares are examples of and are as follows: For all the executive officers: For each executive officer individually: They are applicable to the grants as follows: This obligation will remain in force until it is exceeded by the effect of the above-mentioned rules resulting from the French Commercial Code.

Total Shareholder Return vs. This information will be published in