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actions définitivement acquises
Directeur d\'Agence Commerciale Marché Industrie Centre-Est
This question was closed without grading. Reason: No acceptable answer
Jul 4, 2016 19:46
7 yrs ago
French term

linéairement

French to English Bus/Financial Finance (general) Reglement du plan d\'attribution gratuite d\'actions
[I know: already covered here in Kudos, but the context was a bit different]

100 % des Actions Tranche 1 vous seront définitivement attribuées si le résultat opérationnel d’activité incluant la quote-part de résultat des entreprises associées (ROPA) de l’exercice clos le 31 décembre 2016 constaté par le conseil d’administration d’ABC Company au plus tard le 30 avril 2017 est supérieur ou égal à 65,8 millions d’euros, 0% des Actions Tranche 1 si le ROPA est inférieur à 57,8 millions d’euros ; le pourcentage d’Actions Tranche 1 définitivement acquises étant déterminé linéairement de 0 à 100% entre ces deux bornes incluses.

Thanks for your help.
Proposed translations (English)
4 +3 on a linear basis
4 +3 on a straight-line basis
4 in proportion
3 linearly
4 -4 by any point between o and 100%

Discussion

Swiss Bankers (asker) Jul 6, 2016:
not sure to whom I should award the points 2 of the answers seem plausible
Tony M Jul 5, 2016:
@ Donal Thanks a lot, but I'm not allowed to, as I've already posted an answer, which is materially the same in most respects.
DLyons Jul 5, 2016:
@Tony I'll vote for that if you care to post it. Most of the answers work OK in the context, but that seems most accurate.
Tony M Jul 5, 2016:
@ Donal Yes, exactly!

'Linear pro-rata'
DLyons Jul 5, 2016:
By linear interpolation within the quoted range, i.e. an extra 1% for every 80,000 euro in excess of 57.8 m.

Proposed translations

+3
7 mins

on a linear basis

Meeting Brochure - Axa
https://cdn.axa.com/www-axa-com/f3df93fe-7025-4e49-bbda-83e8...
4 Apr 2016 - shares allocation plan (“AXA Miles”) decided by the Company .... The number of performance shares which can be definitively acquired may vary between 0% ... (in percentage) over a three-year period preceding the termination of the term of ...... granted shall be calculated on a linear basis depending on.
Note from asker:
thank you, Liz
Peer comment(s):
agree philgoddard : Or straight-line.
28 mins
agree Chakib Roula
1 hr
neutral Francois Boye : The text mentioned above is mathematically ambiguous.
2 hrs
agree Tony M : I think this is perfectly valid, though possibly unnecessarily involved.
2 hrs
Something went wrong...
-4
2 hrs

by any point between o and 100%

Let's clarify the expression in mathematical terms. The text is saying that there is a continuum of points, aka a line, between 0% and 100%. As a result, any point in that line may be a percentage of shares allocated.

In other mathematical terms, this means the interval in question is not made up of discrete points
Note from asker:
thank you
Peer comment(s):
disagree Tony M : But that's what it already says, you've actually not translated the term at all.
25 mins
my translation explains what the ambiguous expression really means
disagree Daryo : strictly speaking there isn't any "continuum of points" in this ST - there is a limit how far you can subdivide amounts of money // you "line" IS made of discrete points (a lot of them, but still a finite number) + it's not a translation
1 hr
Sorry! you do not understand the concept of discrete space in mathematics!In topology, a discrete space is a particularly simple example of a topological space or similar structure, one in which the points form a discontinuous sequence,
disagree AllegroTrans : Not a translation of the source text, even if it is an explanation, this should have gone in the reference box
13 hrs
disagree DLyons : « Même pas faux »
15 hrs
I do not understand this French expression
Something went wrong...
9 mins

linearly

Is a perfectly valid term that could also work here.

--------------------------------------------------
Note added at 2 heures (2016-07-04 22:27:35 GMT)
--------------------------------------------------

There is a linear relationship between the % shares assigned and the results, with =< €57.8m = 0% and >= €65.8m = 100%
Note from asker:
thank you, Tony
Peer comment(s):
neutral Francois Boye : linearity a very strict meaning in mathematics./In topology, a discrete space is a particularly simple example of a topological space or similar structure, one in which the points form a discontinuous sequence.
2 hrs
Exactly! And I firmly believe it is that precise mathematical meaning that is intended here.
Something went wrong...
+3
2 hrs

on a straight-line basis

- as opposed to 'on a reducing-balance', as in depreciation. What do others think?
Reference:

http://www.proz.com/kudoz/french_to_english/accounting/3564818-lisser_lin%C3%A9airement_l%E2%80%99activit%C3%A9.html

Note from asker:
thank you, Adrian
Peer comment(s):
agree Tony M : I feel that's complicating things, since it's a simple linear, arithmetic relationship; 'pro-rata' is really all it needs, but I see why they felt it necessary to specify 'linear'. / I bow to your far greater knowledge and experience.
3 mins
Point taken, but this is the normal term for calculating the vesting of stock options http://www.londonstockexchange.com/exchange/news/market-news... //Thx. Not a good idea post-Brexit to trust self-proclaimed 'experts'!
neutral Francois Boye : your attachment is completely off the mark!
3 hrs
1. The one Iquoted above is unequivocal http://www.londonstockexchange.com/exchange/news/market-news... 2. I used to work at a City law firm on stock options vested on a straight-line basis & 3. see Phil G's first agree.
agree Daryo : convincing reference // the one from the London Stock Exchange.
15 hrs
Yes, indeed, hvala lego and merci.
agree John Fossey : Yes, this the normal terminology.
1 day 2 hrs
Merci and thanks you for your confirmation and ratification.
Something went wrong...
3 hrs

in proportion

100 % des Actions Tranche 1 vous seront définitivement attribuées si le résultat opérationnel d’activité incluant la quote-part de résultat des entreprises associées (ROPA) de l’exercice clos le 31 décembre 2016 constaté par le conseil d’administration d’ABC Company au plus tard le 30 avril 2017 est supérieur ou égal à 65,8 millions d’euros, 0% des Actions Tranche 1 si le ROPA est inférieur à 57,8 millions d’euros ; le pourcentage d’Actions Tranche 1 définitivement acquises étant déterminé linéairement de 0 à 100% entre ces deux bornes incluses.
=

the percentage of Shares .... being determined in proportion between 0% and 100% depending on where is your result between these two inclusive limits.

a bit more explicit.

linéairement = the variation of variable Y is strictly proportional to the variation of the variable X

here: as the achieved results vary between the lower and upper limits, the % of awarded shares varies in proportion (as opposed to degressive or progressive rewards)

Note from asker:
thank you
Peer comment(s):
disagree Francois Boye : The concept of linearity used here has nothing to do with proportionality!
35 mins
really? it's basic maths FYI ... maybe you should start with that, before venturing further afield?
agree Tony M : Yes, a purely linear, arithmetic relationship (rather than, say, a logarithmic or geometric one)
15 hrs
it is simply another way of saying the same thing, but it doesn't seems to the usual formulation. Thanks!
Something went wrong...
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