English to Russian Law/Patents Law: Contract(s)

The Company has established the Long Term Incentive Plan (the LTIP) and the Management Incentive Plan (the MIP) (each, a Plan) under which it may grant awards to participants (the Participants).

Under each Plan, awards are made to Participants (Awards) pursuant to which, subject to the terms of the relevant Plan, upon the contingent conditional settlement thereof the Company is to issue new ordinary shares (Shares), which Shares are to be issued to theTrustee, who will then deposit the same with the depositary of the gl'obal depositary receipt programme of the Company in exchange for global deposit receipts (GDRs). In no case are Participants entitled to receive legal or beneficial! title to Shares or GDRs.

участникам выплачивается вознаграждение (или премии, поощрительные выплаты?)