Share-based payment arrangement is an agreement between the entity and another party (including an employee) to enter into a share-based payment transaction, which thereby entitles the other party to receive cash or other assets of the entity for amounts that are based on the price of the entity’s shares or other equity instruments of the entity, or to receive equity instruments of the entity, provided the specified vesting conditions, if any, are met.
Share-based payment arrangement is specifically discussed in IFRS 2 Share-based Payment.
Source: Glossary of Terms of IFRSs as at 31 December 2008.
