Vesting Schedule
Grant Allocation Performance V esting of
Date Tra nche S eries % hurdles a wards Performance conditions
31-Aug-07 1 2007G 100% PBT 0% If aggregate PBT is <$US113.8M at the end of the 2010 fiscal year
50% If aggregate PBT is between $US113.8M and $US136.6M at the
end of the 2010 fiscal year
90% If aggregate PBT is between $US136.6M and $US149.6M at the
end of the 2010 fiscal year
100% If aggregate PBT is $US149.6M or higher at the end of the 2010 fiscal year
29-Feb-08 1 2008A 50% EPS 0% If BEPSG2 < 10%
40% - 70% If average compound BEPSG is between 10% - 12.50% for 3 years from
2007 base year EPS
70% - 100% If average compound BEPSG is between 12.50% - 15% for 3 years from
2007 base year EPS
100% If average compound BEPSG is 15% for 3 years from 2007 base year EPS
2 2008B 50% TSR 0% If TSR < 50th percentile in the ASX 200 Industrials Index
30% If TSR = 50th percentile in the ASX 200 Industrials Index
100%3 If TSR = 75th percentile in the ASX 200 Industrials Index
Proportional vesting of awards will apply for performance between
51st and 75th percentile
31-Aug-08 1 2008C 50% EPS 0% If BEPSG2 < 10%
40% - 70% If average compound BEPSG is between 10% - 12.50% for 3 years from
2008 base year EPS
70% - 100% If average compound BEPSG is between 12.50% - 15% for 3 years from
2008 base year EPS
100% If average compound BEPSG is 15% for 3 years from 2008 base year EPS
2 2008D 50% TSR 0% If TSR < 50th percentile in the ASX 200 Industrials Index
30% If TSR = 50th percentile in the ASX 200 Industrials Index
100%3 If TSR = 75th percentile in the ASX 200 Industrials Index
Proportional vesting of awards will apply for performance between
51st and 75th percentile
26-Sep-09 1 2009A 40% EPS 0% If BEPSG2 < 4%
40% - 70% If average compound BEPSG is between 4% - 6% for 3 years from
2009 base year EPS
70% - 100% If average compound BEPSG is between 6% - 8% for 3 years
from 2009 base year EPS
100% If average compound BEPSG is 15% for 3 years from 2009 base year EPS
2 2009B 30% TSR 0% If TSR < 50th percentile in the ASX 200 Industrials Index
30% If TSR = 50th percentile in the ASX 200 Industrials Index
100%3 If TSR = 75th percentile in the ASX 200 Industrials Index
Proportional vesting of awards will apply for performance between
51st and 75th percentile
3 2009C 30% ROFE 0% If ROFE is less than 25%
50% If ROFE is between 25% - 30% for the 3 year period from 2009 base year.
100% IF ROFE is 30% or more for the 3 year period from 2009 base year.
1. Base Price is the five day average closing price of shares one week prior to the date the HR Committee approved the offer.
2. Basic EPS growth.
3. TSR will initially be measured three years after the grant date. If the hurdles are not met, TSR will be measured three times more at a quarterly intervals. To qualify, the
performance hurdles and vesting conditions must be met at any of four quarterly assessment times within a specified one year window commencing three years from the grant
date. The remaining unvested awards will lapse after that.
The remuneration report ends here. The Directors’ Report continues on page 70.