Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 359

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 6
Chunk 359
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 remain with the Company for a specified period (consolidation period), in addition to having cumulative key performance indicators (“KPls”) that can define, increase or decrease the number of actions, classifying the result according to the 3 categories that make up the plan. The first compensation program (“ILPA 1”) was approved by the Board of Directors of BrasilAgro on June 18, 2018, and ended during the year June 30, 2021. 

On May 6, 2021, the Board of Directors of BrasilAgro approved the terms of the second share-based compensation program, giving continuity to the ILPA Plan, establishing the characteristics and general rules of the new plan, such as a maximum number of shares and the list of eligible employees, appointed by a designated committee and approved by the Board of Directors of BrasilAgro. The structure of the 2nd program is maintained in accordance with the basic guidelines of the ILPA Plan, which basically include the permanence of employees during the accrual period and the achievement of KPIs accumulated between 1 July 2020 and June 30, 2024 (consolidation period).

Continuing with the share-based compensation program, on December 4, 2023, the Board of Directors of BrasilAgro approved the terms of the third ILPA Plan, establishing the characteristics and general rules of the new plan, such as a maximum number of shares and the list of eligible employees, appointed by a designated committee and approved by the Board of Directors of BrasilAgro. The ILPA Plan is accounted for in accordance with IFRS 2, as BrasilAgro receives services from participants and, in return, agrees to deliver its own shares. As of June 30, 2025, the accumulated expenses under the third ILPA Plan amounted to BRL 3.2 million.

C. Board Practices

For information about the date of expiration of the current term of office and the period during which each director has served in such office see “Item 6. Directors, Senior Management and Employees – A. Directors and Senior Management.”

Benefits upon Termination of Employment

There are no contracts providing for benefits to directors upon termination of employment, other than those described under the following sections: (i) “Item 6 Directors, Senior Management and Employees – B. Compensation – Capitalization Plan” and (ii) “Item 6 Directors, Senior Management and Employees – B. Compensation – Long Term Incentive Program”.