KINGSMEN CREATIVES LTD
ANNUAL REPORT
2014
115
4.
Eligibility
4.1
The following persons (provided that such persons are not undischarged bankrupts at the relevant time and
have attained the age of 21 years on or before the date of grant of the Award) shall be eligible to participate
in the Scheme at the absolute discretion of the Committee:
(a)
Group Employees (including Group Executive Directors);
(b)
Non-Executive Directors;
(c)
subject to Rule 4.3 below, Associated Company Employees; and
(d)
subject to Rule 4.2 below, Controlling Shareholders and their associates.
4.2 Controlling Shareholders and their associates shall be eligible to participate in the Scheme. However, the
aggregate number of Shares available to Controlling Shareholders and their associates must not exceed 25%
of the Shares available under the Scheme. The number of Shares available to each Controlling Shareholder or
his associate must also not exceed 10% of the Shares available under the Scheme.
4.3 Only Associated Company Employees from Associated Companies which the Company has control will be
eligible to participate in the Scheme.
4.4 For the purposes of determining eligibility to participate in the Scheme, the secondment of a Group Executive
to another company within the Group shall not be regarded as a break in his employment or his having ceased
by reason only of such secondment to be a full-time employee of the Group.
4.5 There shall be no restriction on the eligibility of any Participant to participate in any other share option or
share incentive schemes implemented by the Company or any other company within the Group.
4.6 Subject to the Act and any requirement of the SGX-ST, the terms of eligibility for participation in the Scheme
may be amended from time to time at the absolute discretion of the Committee.
5.
Limitations under the Scheme
5.1
The Company may deliver Shares pursuant to the Awards granted under the Scheme in the form of existing
Shares held as treasury shares and/or an issue of new Shares.
5.2 Awards may only be vested and consequently any Shares comprised in such Awards shall only be delivered
upon (i) the Committee being satisfied that the Participant has achieved the Performance Targets and/or due
recognition should be given for good work performance and/or significant contribution to the Company and/
or (ii) the Company decides to pay part of a Group Employee’s annual cash bonus payment in the form of
Shares.
5.3
The aggregate number of Shares over which the Committee may grant Awards on any date, when added to
the number of Shares issued and issuable in respect of all Awards granted under the Scheme and all other
awards granted under any other share option, share incentive, performance share or restricted share scheme
implemented by the Company and for the time being in force, shall not exceed fifteen percent. (15%) of the
issued Shares of the Company (excluding treasury shares) on the date preceding the grant of an Award.
6.
Date of grant
The Committee may grant Awards at any time in the course of a financial year, provided that in the event that an
announcement on any matter of an exceptional nature involving unpublished price sensitive information is imminent,
Awards may only be granted and hence any Shares comprised in such Awards may only be delivered on or after the
second Market Day from the date on which the aforesaid announcement is made.
Letter To Shareholders
