Asiaone 1-42
Asiaone 1-42
Asiaone 1-42
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
7. RIGHTS TO EXERCISE OPTIONS<br />
APPENDIX B<br />
7.1 Subject as provided in Rules 6, 7, and 10, each Option shall be exercisable, in whole or in<br />
part, during the Exercise Period applicable to that Option, in the case of an Option granted to<br />
an Employee, in accordance with the vesting schedule set out in (a) below and, in the case of<br />
an Option granted to a Non-Executive Director, in accordance with the vesting schedule set<br />
out in (b) below:-<br />
(a) Vesting schedule for Employees<br />
Vesting Schedule Percentage of Ordinary<br />
Shares over which an<br />
Option is exercisable<br />
Before the date falling six months from the Listing Date Nil<br />
On or after the date falling six months from the Listing<br />
Date but before the first anniversary of the Listing Date 20<br />
On or after the first anniversary of the Listing Date but<br />
before the date falling eighteen months from the Listing<br />
Date 20<br />
On or after the date falling eighteen months from the<br />
Listing Date but before the second anniversary of the<br />
Listing Date 20<br />
On or after the second but before the third anniversary of<br />
the Listing Date 20<br />
On or after the third anniversary of the Listing Date but<br />
before the earlier of (i) the tenth anniversary of the<br />
Date of Grant and (ii) the fifth anniversary of the<br />
Listing Date 20<br />
(b) Vesting Schedule for Non-Executive Directors<br />
Vesting Schedule Percentage of Ordinary<br />
Shares over which an<br />
Option is exercisable<br />
Before the date falling six months from the Listing Date Nil<br />
On or after the date falling six months from the Listing<br />
Date but before the fifth anniversary of the Date of Grant 100<br />
7.2 In relation to an Option, if the Participant, during any of the periods specified in Rule 7.1(a) or<br />
(b) above, as the case may be, exercises that Option for such number of Ordinary Shares<br />
which, in aggregate, represents less than the number of Ordinary Shares for which the<br />
Participant may exercise in respect of such period, the balance of the Ordinary Shares comprised<br />
in that Option for which the Participant could have exercised (but did not exercise) in that<br />
period shall be carried forward and added to the number of Ordinary Shares (but shall not be<br />
taken into account in determining the number of Ordinary Shares) which the Participant may<br />
exercise in the next succeeding period or periods.<br />
176
Change language