WHO MAY JOIN Sample Clauses

WHO MAY JOIN. The Board may at any time within the period of ten years after the adoption of the New Share Option Scheme at its absolute discretion (subject to any conditions, restrictions or limitations as it may think fit) offer to grant Options to subscribe for such number of Shares as the Board may determine at an option price determined in accordance with paragraph 3 below to the following Eligible Participants: Employees of the Group (whether full-time or part-time), directors (including executive directors, non-executive directors and independent non-executive directors) of the Group, substantial shareholders of each member of the Group, associates of directors or substantial shareholders of the Group, the trustees of any trust pre-approved by the Board the beneficiaries (or in case of discretionary trust, the discretionary objects) of which include any of the above-mentioned persons and Business Associates. The Board may at its absolute discretion impose the terms on which the Option is to be granted (including any performance target if required to be achieved before an Option can be exercised).
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