The board of directors Reckon, Intuit's former Australian distributor, has loosened the conditions for vesting of long-term incentives. The board based its decisions on the fact that Reckon cut its ties with Intuit in 2012 and began marketing products in its own name. It also factored in the decline in license sales as Reckon made its move to the cloud with applications such as Reckon One. Incentives for 2011 to 2013 were allowed to vest even though the target levels of total shareholder return were not reached.