Restricted Stock and Performance Award Plans
Restricted stock and performance award plans are long-term incentive plans which aim to reward performance over a specified period, depending on the extent to which certain conditions have been met.
HBOS EES provide a fully integrated service for the administration of restricted stock and performance award plans.
We are able to support the following plan features:
• Stock or unit based plans, including SARs with cash and/or stock settlement
• Configurable vesting, forfeiture and issuance schedules, set at individual, location, grade or plan level
• Ability to incorporate secondary exercise or issuance criteria
• Flexibility to cater for both time and performance based vesting using fixed or reference dates
• Scaleable percentages for accelerating vesting greater than 100%
• Variable online tax elections, including net share delivery, cash withholding or market sale to cover
• Dividend re-investment or equivalents with conditions linked to parent award or as a separate holding
• Online proxy registration
Our sophisticated technology coupled with our wealth of experience and expertise ensures that we are able to administer even the most complex of share plans, seamlessly incorporating new or existing plans into our systems and processes.
To find out more about how HBOS EES can help you with Restricted Stock and Performance Award Plans, please contact us.
