March 2004. An Option Agreement signed in the place provided at the end hereof should be delivered to the Secretary of the Company no later than fourteen days following delivery of this Option Agreement to you. Unless otherwise defined herein, capitalized terms used herein shall have the meaning ascribed to them in the Plan. The decision to grant you the Options has been made as an integral part of the Company's policy to employ and retain persons who are valuable to the Company and to its subsidiaries, to encourage the sense of proprietorship as well as to create an active interest in the development and financial success of the Company and its subsidiaries. The Options are Non Qualified Stock Options. The Options are granted pursuant to the Plan and are in all respects governed by the Plan and subject to all terms and conditions as detailed in the Plan. A copy of the Plan is attached hereto as Appendix A. This Option Agreement highlights certain elements of the Plan but in the event there is any inconsistency between the provisions of this agreement and the Plan, the provisions of the Plan shall prevail. Should you require any further assistance please do not hesitate to contact Xx. Xxxxxxx Xxxxxxxxxx. The Number of Options --------------------- You are granted XXX Options to purchase up to XXX Shares. The Exercise Price ------------------
March 2004. 5,200,669.39 February 2007........ 3.51
March 2004. For accounting periods ending after 16 March 2004 in the case of either sale and finance leaseback or lease and finance leaseback, section 228D CAA 2001 acted to recompute the lessor’s profits. In a sale and finance leaseback for the purposes of capital allowances the lessor’s qualifying expenditure was limited by section 224 CAA 2001 to the restricted disposal value of the seller, determined in accordance with section 222 CAA 2001. As this may have been less than the price that the lessor actually paid, where appropriate an adjustment was made to the corresponding income received under that lease. To take account of the lessor’s restricted qualifying expenditure, the permitted profit threshold was calculated, and the amounts received under the sale and finance leaseback that were above the permitted threshold were left out of account, section 228D(3) CAA 2001. For example, if the permitted threshold is £8,000 and the lessor receives rents of £10,000 then £2,000 of the £10,000 is not taxed The permitted threshold was (a) the gross earnings, plus (b) the allowable proportion of the capital expenditure as defined in section 228D(4) CAA 2001. The gross earnings were the amount shown in the lessor’s accounts as the gross earnings under the leaseback, section 228D(5) CAA 2001. The allowable proportion of the capital repayment was the expenditure qualifying for capital allowances spread over the length of the lease, given by the formula in section 228D(6) CAA 2001: Restricted disposal value x (investment reduction for period/Net investment) Investment reduction for period was the amount shown in the lessor’s accounts in respect of the reduction of net investment in the leaseback. Net investment was the amount shown in the lessor’s accounts as the lessor’s net investment in the leaseback at the beginning of its term. In a lease and finance leaseback there is no capital repayment and so the permitted threshold was the gross earnings in the lessor’s accounts.
March 2004. Parties Perfect Honour, a wholly owned subsidiary of the Company; and Wah Link. The grant of the Option In consideration of HK$1.00 paid by Perfect Honour to Xxx Xxxx, Xxx Xxxx agrees to grant to Perfect Honour the Option to require Wah Link to purchase all the interests of Perfect Honour in Rongzhong BVI referred below. The Option shall be exercised during a period of three years commencing from the date of the grant of the Option. Upon the exercise of the Option, Perfect Honour will sell to Wah Link its 3,725 shares of Rongzhong BVI and all others (if any) shares in the issued share capital of Rongzhong BVI resulting from any subdivision, consolidation or re-classification of such shares and further or addition shares in Rongzhong BVI acquired by Perfect Honour pursuant to capitalisation issue and assign and transfer any shareholder’s loan advanced by Perfect Honour to Rongzhong BVI free from all liens, charges, encumbrances and third party rights of any kind and together with all rights attaching thereto as at the date of exercise of the Option. In return, Wah Link will pay Perfect Honour the aggregate amount of RMB62 million (equivalent to approximately HK$58.49 million) (representing Perfect Honour’s cost of subscription for the 3,725 shares of Rongzhong BVI) and the face value of the shareholder’s loan advanced by Perfect Honour to Rongzhong BVI, if any, in cash by no later than seven Business Days after the parties to the Option Agreement having obtained all necessary consents and approvals (or waivers) from any third parties, including but not limited to regulatory authorities. The Company will comply with the requirements under the Listing Rules for disposals of its interests in Rongzhong BVI upon exercise of the Option. Conditions precedent Completion of the Option Agreement is conditional upon fulfilment of the following conditions precedent:
March 2004. Most submissions received by the Council during the three-phase consultation process were from either leaseholders or tangata whenua. The Council considered the 2004 report and the options set out in the report at its meeting on 30 March 2004. The meeting was again well attended, with over 200 people in attendance and deputations received from tangata whenua and leaseholders. Following the deputations and consideration of the report all Councillors spoke to the 2004 report and its recommendations. Councillors’ speeches again reflected their appreciation of the need to balance their responsibilities to leaseholders, tangata whenua and the Waitara community as a whole. The Council minutes dated 30 March 2004, record that the main concerns of the Council in reaching its decision on that day (“the 2004 decision”) was to achieve a comprehensive solution to an issue that had caused long standing social disharmony within the community by: “Achieving fiscal neutrality, by being financially prudent and acting in a commercially sound manner; Promoting social, economic, environmental and cultural well- being of the district; Promoting community outcomes, of Quality of Life, Iwi Relationships, Environment, Youth, and District Growth, and in particular, the interests of tangata whenua, the Waitara community, and the current rights of leaseholders; and To release the land from legislative constraints.” The Council then resolved to offer a large portion of the ‘land’ to the Crown for inclusion in its settlement of historic Treaty of Waitangi claims by Te Atiawa but that such an offer would be on the following terms:
March 2004. Retrieved 1 July 2010. ^ "It's time to trade in, and trade up, the outdated ANZUS treaty – On Line Opinion – 15/4/2004". On Line Opinion. Retrieved 1 July 2010. ^ U.S. and Australia Sign Missile Defense Agreement – AUSMIN 2004 Archived 14 March 2009 at the Wayback Machine ^ "Australia to Join US Missile Defence Program". Xxxxxxxxxxxxxxx.xxx.xx. 4 December 2003. Archived from the original on 18 December 2006. Retrieved 1 July 2010. ^ Xxxxx Xxxxxxx (22 March 2007). "Better relations on the menu as Xxxx PM dines with Xxxx". The Australian. Archived from the original on 2 December 2008. Retrieved 24 September 2008.
March 2004. 2.28 -77- June 2004 2.21 September 2004 2.01
March 2004. 80.97448292 June 2010 ....... 29.
March 2004. Those employed by the Council on 31 March 2004 and continuing in employment in the same job on or after 1 April 2004 will be assimilated into the new pay structure on 1 April 2004.
