SCHEDULES

SCHEDULE 14

Part II General requirements

Introduction

8

An option is not a qualifying option unless the requirements of this Part of this Schedule are met as to—

(a)

the purpose for which the option is granted (see paragraph 9),

(b)

the maximum entitlement of an employee (see paragraph 10), and

F1(c)

the maximum value of the relevant company’s shares in respect of which unexercised options can exist (see paragraph 11).