HAYS PLC - Statement re Denis Waxman's Service Agreement.

PR Newswire UK Disclose, December, 2006

 
Hays plc 
 
Announcement 
 
Hays announces that it has extended Denis Waxman's service agreement and 
introduced a special long term incentive for Mr Waxman. 
 
Denis Waxman's service agreement had provided that he would retire as Chief 
Executive on becoming 60, an age he will reach on 17 February 2007.  The 
agreement has now been extended, and will continue to be terminable on 12 
months' notice given by either party. 
 
As the initial award under this special incentive, Mr Waxman has been granted a 
conditional award over 194,710 ordinary shares in Hays plc, which will vest 
(without payment) subject to satisfaction of financial and non-financial 
performance targets.  Any shares which vest would be released in two equal 
tranches over one year following Mr Waxman's...

            
        
    
    	    
                
                
	

		

					 
            Read the rest of this article with a Free Trial at HighBeam Research.
        				
 

    		            
	
                Premium Content Partnership | 
                	HighBeam Research provides an in-depth online archive library of reference works.