Annual Report - QuamIR

Report of the Directors (Continued)
Directors’ Service Contracts
No Director proposed for re-election at the forthcoming annual general
meeting has a service contract with the Company or any of its subsidiaries
which is not determinable by the Group within one year without payment of
compensation (other than statutory compensation).
Share Option Schemes
Share Options of the Company
The Company’s existing share option scheme (the “HKC Option Scheme”)
was adopted on 16 June 2006. Particulars of the HKC Option Scheme are
set out below:
(a)
Purpose
The principal purposes are to recruit and retain high caliber Eligible
Persons (as defined below) and attract human resources that are
valuable to the Group or any entity in which any member of the
Group holds an equity interest (“Invested Entity”) or Invested Entities,
to recognise the significant contributions of the Eligible Persons
to the growth of the Group or Invested Entities by rewarding them
with opportunities to obtain ownership interest in the Company and
to further motivate and give incentives to these Eligible Persons to
continue to contribute to the long term success and prosperity of the
(a)
Group or Invested Entities.
(b)
Eligible Persons
Any employee (whether full time or part time), senior executive or officer,
manager, director (including independent non-executive director) or
consultant of any members of the Group or any Invested Entity who, in
the sole discretion of the Board, have contributed or will contribute to
the growth and development of the Group or any Invested Entity.
(b)
(c)
Maximum number of shares available for issue
The total number of shares of the Company available for issue under
the HKC Option Scheme is 674,662,383 shares which represent
approximately 6.23% of the issued share capital of the Company as at
(c)
674,662,383
6.23%
the date of this Annual Report.
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