Bermuda plan


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Related to Bermuda plan: modified American plan, continental plan
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Noun1.Bermuda plan - a hotel plan that provides a full breakfast dailyBermuda plan - a hotel plan that provides a full breakfast daily
hotel plan, meal plan - a plan and a room rate for providing a room and meals to guests at a hotel
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The Bermuda Plan was terminated as to future grants with effect from 19 November 2003.
In order to align closely the interests of employees with those of its shareholders the Company has made available share purchase facilities for those employees given the opportunity to purchase shares and receive an option multiple under the Bermuda Plan and the Executive Plan.