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11.—(1) The directors’ remuneration report must contain, in respect of each person who has served as a director of the company at any time in the relevant financial year, the information specified in paragraph 12.
(2) Sub-paragraph (1) does not require the report to contain share option details that are contained in the report in compliance with paragraphs 8 to 10.
(3) The information specified in paragraph 12 must be presented in tabular form in the report.
(4) For the purposes of paragraph 12—
(a)“scheme interest”, in relation to a person, means an interest under a long term incentive scheme that is an interest in respect of which assets may become receivable under the scheme in respect of qualifying services of the person; and
(b)such an interest “vests” at the earliest time when—
(i)it has been ascertained that the qualifying conditions have been fulfilled, and
(ii)the nature and quantity of the assets receivable under the scheme in respect of the interest have been ascertained.
(5) In this Schedule “long term incentive scheme” means any agreement or arrangement under which money or other assets may become receivable by a person and which includes one or more qualifying conditions with respect to service or performance that cannot be fulfilled within a single financial year, and for this purpose the following must be disregarded, namely—
(a)any bonus the amount of which falls to be determined by reference to service or performance within a single financial year;
(b)compensation in respect of loss of office, payments for breach of contract and other termination payments; and
(c)retirement benefits.
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