Notes to the consolidated financial statements
132
32 Share-based compensation (continued)
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Ahold at a glance
Business review
Governance
Financials
Ahold
Annual Report 2015
Upon termination of employment due to retirement, disability or death, the same vesting conditions as described above apply. Upon termination of employment without cause in certain circumstances (e.g., restructuring or
divestment), a pro rata part of the granted shares will vest on the date of termination of employment. For the performance shares, the most recent performance results will be applied to calculate the number of vested shares.
In addition, a limited number of shares were granted to other ExCo members and other employees in 2013, 2014 and 2015 under a special purpose plan. This program consists of unconditional and conditional shares.
The unconditional shares vest immediately on the award date. The conditional shares vest in two tranches. Half of the conditional shares vest on the day after the publication of Ahold's full-year results in the first year and half in
the second year after the grant.
The following table summarizes the status of the GRO program during 2015 for the individual Management Board members and for all other employees in the aggregate.
Outstanding at
the beqinninc
of2015
Granted1
Vested2
Forfeited3
Outstanding at
the end
of 2015
Minimum
number of
shares4
Maximum
number of
shares5
Fair value per
share at the
grant date
Dick Boer
Five-year 2010 grant
33,671
30,304
3,367
7.29
Five-year 2011 grant
65,965
65,965
98,947
6.00
Three-year 2012 grant
73,026
73,026
9.23
Five-year 2012 grant
73,026
73,026
109,539
7.81
2013 TSR grant
63,221
63,221
110,636
7.76
2013 RoC grant
63,221
63,221
94,831
10.52
2013 Conditional grant
25,757
25,757
25,757
25,757
10.52
2014 TSR grant
49,844
49,844
87,227
11.20
2014 RoC grant
49,844
49,844
74,766
12.40
2014 Conditional grant
32,860
32,860
32,860
32,860
12.40
2015 TSR grant
54,336
54,336
95,088
14.66
2015 RoC grant
54,336
54,336
81,504
18.14
2015 Conditional grant
14,383
14,383
14,383
14,383
18.14
Jeff Carr
Five-year 2011 grant
50,388
50,388
75,582
5.80
Three-year 2012 grant
45,405
45,405
9.23
Five-year 2012 grant
45,405
45,405
68,107
7.81
2013 TSR grant
29,539
29,539
51,693
7.76
2013 RoC grant
29,539
29,539
44,308
10.52
2013 Conditional grant
16,247
16,247
16,247
16,247
10.52
2014 TSR grant
24,614
24,614
43,074
11.20
2014 RoC grant
24,614
24,614
36,921
12.40
2014 Conditional grant
21,907
21,907
21,907
21,907
12.40
2015 TSR grant
21,309
21,309
37,290
14.66
2015 RoC grant
21,309
21,309
31,964
18.14
2015 Conditional grant
9,589
9,589
9,589
9,589
18.14