In return for you forgoing £26M, if certain conditions are met you will be given a one time payment of £13M of shares in three years time
This item is important because there are moves afoot for BA to change the way they see the pilot role. The current DFO and it appears those with the purse strings want a pilot to be seen as a senior manager and the profit share targets are aligned with the SM grade bonuses.
There is also a provision for a reappraisal of the "bonus" at the end of the plan. It seems to me this is a positive step forward.