NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONT’D) The assumptions used in determining the fair value of the liability and related share-based payment expense for the PSUs were as follows: In the first quarter of 2012, a new long-term incentive arrangement, Deferred Share Unit Plan, was adopted by the Company’s Board of  Directors. A director may elect to receive all or any portion of their annual retainer, additional fees and equity value (“Elected Amount”) in  DSUs in lieu of cash or options. DSUs cannot be redeemed for cash until the holder is no longer a director of the Company. At December 28,  2013 there were 2,204 DSUs outstanding (December 29, 2012: nil). During the fifty-two weeks ended December 28, 2013, the share-based  payment expense was nominal. Deferred share units (“DSUs”) December 28,  December 29, PSUs granted between March 2011 and February 2013 2013 2012 Dividend yield (%) 1.65 1.42 Expected life of the PSU (years) multiple criteria 1.00–2.00 1.00–2.00 Expected life of the PSU (years) single criteria  1.00 2.00 Expected vesting (%) 50–54 100–110 Forfeiture rate (%) — — Share price at reporting date (CAD$)  46.03 31.00 HIGH LINER FOODS INCORPORATED 88