Performance condition

Resource type: Glossary item

Status: Maintained

Jurisdiction: United Kingdom

Commonly used in the context of employee share incentive arrangements.

A target, set at the time an executive share option or share award, the attainment of which is required for the option or award to vest.

For more information, see Practice note, What is a performance condition?: an overview (www.practicallaw.com/8-205-5483).

Source: KPMG LLP. E-mail: chris.page@kpmg.co.uk

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  • Resource ID: 7-204-1203
  • Products:  PLC Glossary, PLC Magazine (UK), PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Finance, PLC UK Law Department, PLC UK Pensions, PLC UK Property, PLC UK Share Schemes & Incentives
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