Voting Intentions, page-16

"The Non-Executive Directors consider that the issue of Incentive Rights to Mr Vesey under the Incentive Rights Plan is in the Company’s interests as it further aligns the interests of Mr Vesey as an Executive Director with the interests of the Company’s Shareholders in order to maximise Shareholder value. Further, the issue of the Incentive Rights provides cost effective consideration to Mr Vesey in his role as Managing Director and Chief Executive Officer of the Company."- from 2016 Notice

With the Incentive target as .87/share, the way I read the resolution is that there are no performance rights paid if the share price at the end of the vesting period is less than .87 correct? So it's a bonus program that only pays if the share price increases. How can that be bad? Straighten me out here, Possum.