Performance Share Unit (“PSU”) Plan The Company is permitted to issue up to 200,000 shares from treasury in settling bonus entitlements under the PSU Plan. Grants of PSUs will be at the discretion of the HR Committee, within the limitations of the PSU Plan and subject to the rules and policies of  applicable regulatory authorities. PSUs may be issued under the PSU Plan to any eligible employee of the Company who have rendered  meritorious services that contributed to the success of the Company, as determined by the HR Committee. Directors who are not full-time  employees of the Company may not participate in the PSU Plan. The PSU Plan is expected to reward the Company’s management committee  members for performance, which is expected to drive long-term shareholder value. The amount payable to each participant under the PSU Plan in respect of a particular grant of PSUs shall be determined by multiplying the  number of PSUs (which will be adjusted in connection with the payment of dividends by the Company as if such PSUs were common shares  held under a dividend reinvestment plan) by a performance multiplier to be determined by the Company’s Board of Directors and by the fair  market value of a common share at the vesting date. The PSUs will vest at the end of a three year period if agreed upon performance  measures are met. The measures for the PSU Plan will be approved annually by the HR Committee. The PSU Plan shall be paid by one or both of the following forms: (i) cash; or (ii) common shares. Common shares may be obtained from the  market or from treasury of the Company in order to pay out PSUs in accordance with their terms. Issuances of PSUs also may not result in  the following limitations being exceeded: (a) the aggregate number of shares issuable to insiders pursuant to the PSU Plan, the Plan or any  other security based compensation arrangement of the Company exceeding 10% of the aggregate of the issued and outstanding shares at  any time; and (b) the issuance from treasury to insiders, within a 12-month period, of an aggregate number of shares under the PSU Plan,  the Option Plan and any other security based compensation arrangement of the Company exceeding 10% of the aggregate of the issued and  outstanding shares. The following table illustrates the number (“No”) of, and movements in, PSUs during the period: December 28,  December 29, 2013 2012  (Amounts in units) No. No. PSU, multiple criteria Outstanding, beginning of period  55,892 16,798 Granted 21,639 38,040 Re-invested dividends 1,522 1,054 Released and paid in cash  (13,440) — Expired (4,015) — Outstanding, end of period 61,598 55,892 PSU, single criteria Outstanding, beginning of period 16,282 — Granted — 15,975 Re-invested dividends 320 307 Outstanding, end of period 16,602 16,282 The carrying amount of the liability relating to the PSUs is as follows: December 28,  December 29, (Amounts in $000s) 2013 2012 Fair value included in accounts payable and accrued liabilities $ 546 $ 275 Fair value included in other long-term liabilities 733 473 Total liability $ 1,279 $ 748 The share-based payment expense recognized in the fifty-two weeks ended December 28, 2013 was $1.2 million (fifty-two weeks ended  December 29, 2012: $0.6 million). ANNUAL REPORT 2013 87