DEFINING DESIGN
QUALITY
120
17.
Duration
17.1
The Scheme shall continue to be in force at the discretion of the Committee, subject to a maximum period
of 10 years commencing on the Adoption Date, provided always that the Scheme may continue beyond the
above stipulated period with the approval of the Company’s shareholders by ordinary resolution in general
meeting and of any relevant authorities which may then be required.
17.2 The Scheme may be terminated at any time by the Committee or by resolution of the Company in general
meeting subject to all relevant approvals which may be required and if the Scheme is so terminated, no
further Awards shall be vested by the Company thereunder.
17.3 The termination of the Scheme shall not affect Awards which have been vested, whether such Shares have
been delivered or not.
18.
Taxes
All taxes (including income tax) arising from the grant and/or disposal of Shares pursuant to the Awards granted to
any Participant under the Scheme shall be borne by that Participant.
19.
Costs and expenses
19.1 Each Participant shall be responsible for all fees of CDP relating to or in connection with the issue and
allotment or transfer of any Shares pursuant to the Awards in CDP’s name, the deposit of share certificate(s)
with CDP, the Participant’s securities account with CDP, or the Participant’s securities sub-account with a
CDP Depository Agent or CPF investment account with a CPF agent bank.
19.2 Save for the taxes referred to in Rule 18 and such other costs and expenses expressly provided in the Scheme
to be payable by the Participants, all fees, costs and expenses incurred by the Company in relation to the
Scheme including but not limited to the fees, costs and expenses relating to the allotment, issue and/or
delivery of Shares pursuant to the Awards shall be borne by the Company.
20.
Disclaimer of liability
Notwithstanding any provisions herein contained, the Board, the Committee and the Company shall not under any
circumstances be held liable for any costs, losses, expenses and damages whatsoever and howsoever arising in
any event, including but not limited to the Company’s delay in issuing or transferring the Shares or applying for or
procuring the listing of the Shares on the SGX-ST.
21.
Disputes
Any disputes or differences of any nature arising hereunder shall be referred to the Committee and its decision shall
be final and binding in all respects.
22.
Condition of Awards
Every Award shall be subject to the condition that no Shares would be issued or transferred pursuant to the vesting
of any Award if such issue or transfer would be contrary to any law or enactment, or any rules or regulations of any
legislative or non-legislative governing body for the time being in force in Singapore or any other relevant country
having jurisdiction in relation to the issue or transfer of Shares hereto.
23.
Governing law
The Scheme shall be governed by, and construed in accordance with, the laws of the Republic of Singapore. The
Participants, by accepting Awards in accordance with the Scheme, and the Company irrevocably submit to the
exclusive jurisdiction of the courts of the Republic of Singapore.
Letter To Shareholders
