The Solution If you are experiencing financial difficulties in the current economic environment, you should reduce cash costs, such as salaries and payments under cash incentive plans; remove or reduce annually measured incentives, such as annual bonuses and performance share units that vest on the achievement of annual financial targets, both of which are unlikely to be achieved in the short term, given global economic conditions; and provide incentive compensation to retain and motivate your leadership to weather the turmoil and build for the future.
For instance, there is increased use of restricted stock (grants of shares, that vest over time, and/or on the basis of performance), performance share units (basically stock-based bonus arrangements) and other equity-based incentives that will (if earned) always pay off to some extent.
7) Common shares outstanding plus the gross amount of all warrants, options, restricted shares, RSUs, restricted common shares and performance share units outstanding as of the 12/31/2008 balance sheet date (Source: Max 2008 Form 10-K) Details of Validus Holdings, Ltd.
For example, RSUs (restricted share units), DSUs (deferred share units) and performance share units can all be characterized as "shares or units subject to resale restrictions," in which case they would be reported in the main summary compensation table under that heading.
Canadian compensation arrangements that may constitute nonqualified deferred compensation include deferred share units, restricted and performance share units, phantom stock, stock options and share appreciation rights (SARs).
As previously reported by the Company in its Current Report on Form 8-K filed January 17, 2008, Meyer was also granted certain equity incentive awards under the 2005 Equity Compensation Plan of Acxiom Corporation in connection with his employment, and he is to be granted certain performance share units in respect of the Company's common stock as an inducement award no later than May 15, 2008 pursuant to his employment agreement.
