Asiaone 1-42

APPENDIX C
“Exercise Period” The period for the exercise of an Option, being:-
(a) in the case of an Option granted to a person who is an
employee of the Company or its related corporation, a period
commencing after the 1 st anniversary of the Date of Grant
and expiring on the 10 th anniversary of such Date of Grant;
(b) in the case of an Option granted to a person who is not an
employee of the Company or its related corporation, a period
commencing after the 1 st anniversary of the Date of Grant
and expiring on the 5 th anniversary of such Date of Grant,
subject as provided in Rules 7 and 8 and to any other conditions
as may be determined by the Committee from time to time.
“Grantee” The person to whom an offer of an Option is made.
“Group” The Company and its subsidiaries.
“Group Executive” Any confirmed employee of the Group (including any Group
Executive Director) selected by the Committee to participate in the
Scheme in accordance with Rule 4.1(a).
“Group Executive A director of the Company and/or its subsidiaries, as the case
Director” may be, who performs an executive function within the Company
or the relevant subsidiary, as the case may be.
“Market Day” A day on which the Stock Exchange is open for trading in securities.
“Market Price” A price equal to the average of the last dealt prices for the Shares
on the Stock Exchange over the five consecutive Trading Days
immediately preceding the Date of Grant of that Option, as
determined by the Committee by reference to the daily official list
or any other publication published by the Stock Exchange.
“Non-Executive Director” A director of:-
(a) the Company and/or its subsidiaries, other than a Group
Executive Director;
(b) the Parent Group and/or its subsidiaries (other than the
Company), other than a Parent Group Executive Director; or
(c) an Associated Company, other than an Associated Company
Executive Director.
“Non-Group Executive” Any Associated Company Executive or Parent Group Executive.
“Option” The right to subscribe for Shares granted or to be granted to a
Group Executive, a Non-Executive Director or, as the case may
be, a Non-Group Executive pursuant to the Scheme and for the
time being subsisting.
“Parent Company” A company, being the holding company of the Company designated
by the Committee for the purposes of the Scheme.
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