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The two men will also receive shares granted under ARM's long-term incentive plan and deferred annual bonus scheme.
The company did not register shares granted under the employee stock option plan, which it might have been required to do.
An options award for 419,200 shares granted to Mr. Armstrong at the end of 2000 was also tied to better performance.
Mr Mason will therefore no longer participate in the US LTIP [long-term incentive plan] and the 2m shares granted to him in 2007 will lapse".
Mr Rossi told all of the UK's big quoted companies that Fidelity would vote against their remuneration reports at shareholder meetings unless they extended the minimum holding period for any shares granted under an L-tip to five years.
Under current accounting rules, Microsoft will have no choice but to treat the value of the restricted shares granted to employees as an expense, with the expense to be reported over the period that the shares vest.
Similar(48)
The fractional units are divided into either one-24th shares, granting owners two weeks a year in their units, or one-12th shares, for one month a year of use.
The cottages will be sold in one-thirteenth fractional shares granting owners four weeks of use a year, and most of the home sites will average more than an acre.
The shares grant owners at least three weeks a year, which can be used at any club property; the club will also be part of the Elite Alliance exchange program.
Software giant Oracle said Wednesday that stockholders of rival PeopleSoft have tendered about 75% of the company's outstanding shares, granting Oracle control of the company.
And the median share granted to the top five executives fell to 18.2percentt in 2001, from a high of 28percentt in 1994.
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