ETASSUM21090 - Schedule 2 share incentive plan (SIP): General requirements: Performance conditions
The âsame termsâ requirement does not prevent a company from making the award of free shares to particular individuals, and/or the level of their award, conditional on a performance condition being met (paragraph 9(5)). The SIP Code refers to acceptable performance conditions as âperformance allowancesâ and sets out a number of requirements which must be met â see ETASSUM24150.