Thomas Cook has readjusted targets for its three-year long-term incentive plan.
Thomas Cook adjusted the targets of its three-year bonus package, which started in 2007 for the travel firm's most senior staff, as a result of the volcanic ash cloud, which caused major disruption for travel operators.
In its latest annual report Thomas Cook described the ash cloud as an exceptional event that had a distorting effect on the share price and said it has used its power to change shareholder return targets.
The Association of British Insurers (ABI) issued a red top alert to signal serious concerns about the firm's corporate governance ahead of its annual general meeting due to take place on friday.
Thomas Cook was unavailable for comment.
For more on executive remuneration and bonuses