Employee Benefits and Compensation Plans
|3 Months Ended|
Mar. 31, 2016
|Postemployment Benefits [Abstract]|
|Employee Benefits and Compensation Plans||
Share Option Awards
On March 1, 2016, we granted 1.0 million share option awards to our employees at an exercise price of $50.31 with a contractual term of ten years. The share options vest equally over three years.
The following is a summary of option activity under our share option plan for the three months ended March 31, 2016 (excludes the impact of 364,584 previously awarded performance-based options as no grant date has been established):
Restricted Ordinary Share Awards
The following is a summary of restricted ordinary share activity for the three months ended March 31, 2016:
Restricted Share Unit Awards
On March 1, 2016, we granted 1.2 million restricted share unit awards to our employees which vest equally over three years.
The following is a summary of restricted share unit activity for the three months ended March 31, 2016 (excludes the impact of 87,500 previously awarded performance-based restricted share units as no grant date was established):
The share-based compensation expense for the three months ended March 31, 2016 was $15.2 million of which $13.7 million was recorded in marketing, general and administrative expense and $1.5 million was recorded in payroll and related expense.
The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans.
No definition available.