Exact(4)
ITV's annual report said that he had achieved 88.26% of his maximum potential bonus.
Hitting the top performance goals will see his maximum potential bonus payout, which is highly unlikely to be achieved, drop from 500% of salary to 435% of salary.
ITV's annual report said that he had achieved 91.33% of his maximum potential bonus, with £897,000 paid in cash and £448,000 compulsorily turned into stock under ITV's deferred share award scheme.
In April, the company revealed that Sorrell would accept measures including a £150,000 pay cut, a more than 20% cut to his maximum potential bonus and the replacement of the highly-controversial 'leadership equity acquisition plan' (LEAP) long-term incentive scheme with a more stringent plan.
Similar(56)
Under the proposals, Bailey's maximum potential annual cash bonus will be slashed from £825,000 – 110% of her base salary of £750,000 – to 55%.
Other boards decided not to pay chief executives the maximum possible bonuses when their companies missed certain goals.
When Daniels was awarded the bonus – which was 63.3% of his maximum potential payout – in February 2011, it was deferred for three years, which means he has not yet received the money, in the form of shares.
Gulliver, whose total pay and bonuses in 2013 were £8m, has said his maximum potential pay each year will fall from £13.8m to £11.4m under the new arrangements.
The potential bonus on the lifetime Isa is more generous, and if you are saving for more than three years to buy a house, you will get more if you can afford to save the maximum £4,000 a year.
The potential bonus award has remained unchanged".
In this way, the collider's magnets can work to their maximum potential.
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