Woodside Petroleum Ltd| Remuneration Report 97
Glossary
Key terms used in the Remuneration Report
Term Meaning
Committee The Human Resources & Compensation Committee
EIP The Executive Incentive Plan
EIS Executive Incentive Scheme
ER Equity right. ERs are awarded under the WEP and SWEP and each one entitles participants to receive a fully
paid share in Woodside on the vesting date (or a cash equivalent in the case of international assignees).
No amount is payable by the Executive on the grant or vesting of an ER
Executive A senior employee whom the Board has determined to be eligible to participate in the EIS
Executive Director Peter Coleman
Executive KMP The Executive Director and senior executives listed in Table 1 on page 78
KMP Key management personnel
KPI Key performance indicator
LTA Long-term award
NED Non-executive director
NEDSP The Non-executive Director Share Plan
Performance Right Each Performance Right is a right to receive a fully paid ordinary share in Woodside (or, at the Board’s discretion,
as cash equivalent). No amount is payable by the Executive on the grant or vesting of a Performance Right
Performance Year The year to which an EIS award relates
Restricted Shares Woodside ordinary shares that are awarded to Executives as the deferred component of their STA or as a part
of their VAR under the EIS. No amount is payable by the Executive on the grant or vesting of a Restricted Share
RTSR Relative total shareholder return
Scorecard A corporate scorecard of key measures that aligns with Woodside’s overall business performance
STA Short-term award
SWEP The Supplementary Woodside Equity Plan
VAR Variable Annual Reward
VPR Variable Pay Right. Each VPR is a right to receive a fully paid ordinary share in Woodside (or, at the Board’s
discretion, as cash equivalent). No amount is payable by the Executive on the grant or vesting of a VPR
WEP The Woodside Equity Plan