SCHEDULE 5INFORMATION ABOUT BENEFITS OF DIRECTORS

PART 3SUPPLEMENTARY PROVISIONS

Meaning of “long term incentive scheme”11

1

In this Schedule “long term incentive scheme” means an agreement or arrangement—

a

under which money or other assets may become receivable by a director, and

b

which includes one or more qualifying conditions with respect to service or performance which cannot be fulfilled within a single financial year.

2

For this purpose the following must be disregarded—

a

bonuses the amount of which falls to be determined by reference to service or performance within a single financial year;

b

compensation for loss of office, payments for breach of contract and other termination payments; and

c

retirement benefits.