110
32 Share-based compensation continued
Notes to the consolidated financial statements continued
Ahold
Annual Report 2010
Group at a glance
Performance
Governance
Financials
Investors
The conditional shares granted through the long-term component are subject to a performance condition. The number of shares that will
ultimately vest depends on Ahold's performance compared to 11 other retail companies (refer to the Remuneration section for the
composition of the peer group), measured over a five-year period using the Total Shareholder Return (TSR, which is the sum of share
price growth and dividends). The table below indicates the percentage of conditional shares that could vest based on the ranking of Ahold
within the peer group:
Rank
1
2
3
4
5
6
7
8
9
10
11
12
Corporate Executive Board
150%
130%
110%
90%
70%
50%
25%
0%
0%
0%
0%
0%
Other participants
150%
135%
120%
105%
90%
75%
60%
45%
30%
15%
7.5%
0%
As of the end of 2010, Ahold held the first position with respect to the 2006 and 2007 share grant, the second position for the 2008 share
grant, the fourth position for the 2010 share grant, and the fifth position for the 2009 share grant. The 2006 grant's long-term component
vests on the day after the publication of the 2010 annual results. The final TSR ranking for this component is the first position (150
percent). The positions with respect to the 2007, 2008, 2009, and 2010 share grants are not an indication of Ahold's final ranking at the
end of the performance periods, nor do they provide any information related to the vesting of shares.
Upon termination of employment due to retirement, disability, or death, the same vesting conditions as described above apply. Upon
termination of employment without cause (e.g. restructuring or divestment), a pro rata part of the granted shares will vest on the date of
termination of employment.
The following table summarizes the status of the GRO program during 2010 for the individual Corporate Executive Board (CEB) members
and for all other employees in the aggregate.
