content_image/268557.jpg content_image/268558.jpg content_image/268559.jpg content_image/268560.jpg
## key Management Personnel 

performance rights granted to Key Management personnel under the shareholder approved employee long term Incentive plan are summarised below: 

<img src='content_image/268557.jpg'>

performance rights granted to each employee vest upon the Company achieving performance hurdles and the employee remaining in employment with the Company until the vesting date. the performance period and vesting dates are summarised below: 

<img src='content_image/268558.jpg'>

the fair value of the rights have been assessed as the Kathmandu holdings limited share price as at the grant date less the present value of the dividends forecast to be paid prior to the vesting date. the fair value of each right has been calculated to be nZ$2.23 per right (2011: n/a). 

the performance hurdles set for the year ending 31 July 2012 were not met and accordingly no expense has been recorded in the income statement. 

## Senior Management 

performance rights granted to Key Management personnel under the shareholder approved employee long term Incentive plan are summarised below: 

<img src='content_image/268559.jpg'>

performance rights granted to each employee vest upon the Company achieving specified performance hurdles and the employee remaining in employment with the Company until the vesting date. the performance hurdles and vesting dates are summarised below: 

<img src='content_image/268560.jpg'>

the fair value of the rights have been assessed as the Kathmandu holdings limited share price as at the grant date less the present value of the dividends forecast to be paid prior to the vesting date. the fair value of each right has been calculated to be nZ$2.35 per right (2011: $1.50). 

the performance hurdles set for rights issued during 2011 were not met for the year ending 31 July 2012 and accordingly no expense has been recorded in the income statement. 

