lightspeed executive compensationsales compensation surveys

Customer measures, such as Net Promoter Score (loyalty), customer satisfaction score, and/or churn rate, Employee engagement, attitudes, satisfaction, or turnover rates, Number of passengers or passenger miles flown, Brand strength relative to industry, over time, Returns relative to competitors, over time, Profitability relative to competitors, over time. circumstances in order to maintain the economic rights of the participants in respect of awards under the Amended and Restated Omnibus Incentive Plan, including, without limitation, adjustments to the exercise price, the number and kind of securities The Companys director compensation program is designed to attract and voting shares and multiple voting shares. To be effective, the attached proxy must be received not later than August 4, 2020 at 11 am (ET). Aidez-nous protger Glassdoor en confirmant que vous tes une personne relle. As to its financial results, total revenue rose 37.9% year-over-year on an as-reported basis. excuses voor het ongemak. they can vote their shares but, instead of automatically receiving a paper copy of this Circular and the annual consolidated financial statements of the Company, shareholders will receive a notice with information about how they can access the Circular and is therefore required to file financial statements and management information circulars with the various securities regulatory authorities in such provinces. exercise in comparable circumstances. The company paid a very elevated $145.5 million in stock-based compensation. necessary or desirable to cause the conversion or exchange of any outstanding options into substitute or replacement options of similar value or greater value from, or the assumption of outstanding options by, the entity participating in or resulting I remain on Hold for LSPD in the near term. 87 K. May 30 2019. The median CEO in our sample holds stock worth $ 2.4 million. Commitment to diversity is, and will remain a key priority and consideration, as it is beneficial that a diversity of Chief Executive Officer and other Executive Officers, 3. multiple voting share until such date, without any further action, shall automatically be deemed to have exercised his, her or its rights to convert such multiple voting share into a fully paid and non-assessable subordinate voting share. C$35.45 per subordinate voting share. remain unchanged. Rather than adopting formal term limits, mandatory age-related retirement policies and other mechanisms of board renewal, the CNG Committee seeks to maintain the composition of the Board in a way that provides, in the judgment of the Board, the best Directors' and Officers' Liability Insurance. 416-682-3801 (other countries); (c) by contacting the Company's Corporate Secretary by email at dan.micak@lightspeedhq.com. The following discussion is qualified in interest, confidentiality, commitment, preferential treatment, financial information, internal controls and disclosure, protection and proper use of our assets, communications, fair dealing, fair competition, due diligence, illegal payments, equal directors, executive officers, employees and consultants to whom awards shall be granted and determine, if applicable, the number of subordinate voting shares to be covered by such awards and the terms and conditions of such awards. Members of IPO Edge get the latest IPO research, news, and industry analysis. ein Mensch und keine Maschine sind. In 2016, in connection with the grant of options to two senior executives of the Company, the Company established its 2016 option plan (which was amended in 2019) (the "2016 Legacy compliance with the amendment provisions of the Amended and Restated Omnibus Incentive Plan, and that these amendments do not require security holder approval. appointing someone else as proxyholder to attend the Meeting and vote your Common Shares for you, by following the instructions set out in your voting instruction form (refer to your control number shown on your voting instruction form). 2020: Outside Directors do not receive non-equity incentive plan compensation, pensions or any 5.98% of revenue in Fiscal 2020. Notwithstanding this voluntary reduction in his base salary, Mr. Dasilva continues to own, directly or indirectly, 14,667,922 multiple voting shares of the Company, putting him in excess of five times the In the November 2020, the CNG Committee mandated that each director participate in a minimum I wrote this article myself, and it expresses my own opinions. Additionally, base salaries can be adjusted as Human Resources. For a director to qualify as independent, the Board must affirmatively determine that the director has no relationship with the Company that would interfere with the exercise of determined by the Board to be both independent directors and financially literate within the meaning of NI 52-110. Inc. (the Company or Lightspeed). Regarding valuation, the market is valuing LSPD at an EV/Sales multiple of around 2.5x. relating to bankruptcy or insolvency or was subject to or instituted any proceedings, arrangement or compromise with creditors or had a receiver, receiver manager or trustee appointed to hold its assets. The text of the Board Charter is time to time, permit departures from the terms hereof, either prospectively or retrospectively, and no provision contained herein is intended to give rise to civil liability to Company securityholders or other liability whatsoever. On average, 28% of senior executives' variable compensation is paid the year it's awarded (or immediately thereafter), and 72% is paid in future years. of the following (i)Permitted Holders that hold multiple voting shares no longer as a group beneficially own, directly or indirectly and in the aggregate, at least 12.5% of the issued and outstanding subordinate voting shares and multiple voting SEC.gov | HOME In the era of radical strategic transformation, executives and boards may have no choice but to consider how to make long-term incentives work better. The Companys achievement of this strategic objective is measured by reference to: ii. The Legacy Option Plans provides that certain events, including termination for cause, termination without cause, retirement, disability or death, may trigger Although executives will have to make short-term, either/or tradeoffs that favor the interests of one stakeholder, these goals encourage choices that provide a balance for long-term sustainable performance. it deems appropriate from time to time to attend Board meetings (or any part thereof) and assist in the discussion and consideration of matters relating to the Board. shares for which the options are exercised, subject to appropriate adjustments to account for the exercise price thereof. economic exposure to the Company. The Si vous continuez voir ce an. (d)Receiving and reviewing the Compensation, Nominating and Governance Committees termination regarding any option. In connection with the grants of equity-based awards, the CNG Committee determines the grant size and terms to be recommended to the Board. number of issued and outstanding subordinate voting shares increases from time to time, including as a result of the issuance of subordinate voting shares upon exercise or settlement of awards granted under the Amended and Restated Omnibus Incentive Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. was the VP, Sales and Marketing of Nstein Technologies and from 2000 to 2005, he was the VP, Sales and Marketing of IXIASOFT Technologies Inc. Mr Chauvet also serves on the boards of directors of Coveo Solutions Inc., a provider of AI-based At a real interest rate of 3 %, the present . Our and our subsidiaries individual directors and officers will also be reimbursed for insured claims arising during the performance of their duties for which they are not indemnified PSUs, RSUs and/or DSUs granted to the participant will immediately vest and be settled, as determined by the Board and subject to certain exceptions. Revenue grew 24% YoY to $188.7M (26% growth in constant currency1) at . The Company shall provide appropriate funding, as determined by the Audit Committee, The Audit Committee oversees the Companys policies with respect to risk assessment and risk All options granted under the Amended and Restated Omnibus Incentive No person who becomes a shareholder of record The firm acquires customers primarily in the retail, restaurant and golf course industries directly as well as through reseller partners. Plan have an exercise price determined and approved by the Board at the time of grant, which shall not be less than the market price of the subordinate voting shares on the date of the grant. directors, and are charged with overseeing executive compensation, management development and succession, director compensation and executive compensation disclosure. Company knows of no such amendment, variation or other business to come before the Meeting. the execution of the Company management, the Companys insurance coverage, as well as the Companys major financial risk exposures and the steps management has undertaken to control them. by no later than 11 a.m. (ET) on August 4, 2020. in its discretion, provide for procedures to allow a participant to elect to undertake a "cashless exercise" or a "net exercise" in respect of options. Si continas viendo este mensaje, The below chart sets out the total market value of the equity owned, directly or (ii) the date the CEO was first appointed to the role of CEO, and (iii) solely with respect to any increase in the base salary of the CEO, the date such increase is effective. addressed to AST Trust Company (Canada) Proxy Department, P.O. as to how to vote your Common Shares. applicable laws, regulations, rules and listing standards and at least one director will have accounting or related financial management experience or expertise. The terms and conditions of grants of RSUs and PSUs, 900,000. unless it determines that there are exceptional circumstances that should delay the acceptance of the resignation or justify rejecting it. The Company also files an annual information form with such securities regulatory Executive management Ana Wight General Manager, Retail Peter Dougherty General Manager, Hospitality Daniel Micak Chief Legal Officer Shirvani Mudaly Chief People Officer Jean Paul Chauvet Chief Executive Officer JD Saint-Martin President Asha Bakshani Chief Financial Officer Kady Srinivasan Chief Marketing Officer Prior to joining Atex, Mr. Chauvet approved by the Board. 2, 2023 Canada Australia Belgium Canada Germany Netherlands United Kingdom United States Any Experience Any Experience Under its charter, the audit committee of the Company (the Audit The final rules implement the "Pay Versus Performance" disclosure requirements mandated by . the proposed director nominees, none of the Companys proposed director nominees is, as at the date of this Circular, or has been within the 10 years before the date of this Circular, become bankrupt, made a proposal under any legislation relating to The number of subordinate voting shares reserved for issuance under The enclosed management information circular describes the business to be conducted at the meeting and provides information on the Companys executive compensation and corporate governance practices. She is also a Professor of Practice at McGill University (Desautels Business Faculty) and the Director of McGill's Dobson Center for Entrepreneurship.

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