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This excerpt taken from the ELN 6-K filed Mar 30, 2009. Approved
Profit Sharing Scheme
We also operate a profit sharing scheme, as approved by the
Irish Revenue Commissioners, which permits employees and
executive directors who meet the criteria laid down in the
scheme to allocate a portion of their annual bonus to purchase
shares. Participants may elect to take their bonus in cash
subject to normal income tax deductions or may elect to have the
bonus amount (subject to limits as prescribed by law) paid to
the independent trustees of the scheme who use the funds to
acquire shares. In addition, participants may voluntarily apply
a certain percentage (subject to limits as prescribed by law) of
their gross basic salary towards the purchase of shares in a
similar manner. The shares must be held by the trustees for a
minimum of two years after which participants may dispose of the
shares but will be subject to normal income taxes until the
shares have been held for a minimum of three years.
Table of Contents
Report of the
Leadership Development and Compensation Committee
This excerpt taken from the ELN 20-F filed Feb 26, 2009. Approved
Profit Sharing Scheme
We also operate a profit sharing scheme, as approved by the
Irish Revenue Commissioners, which permits employees and
executive directors who meet the criteria laid down in the
scheme to allocate a portion of their annual bonus to purchase
shares. Participants may elect to take their bonus in cash
subject to normal income tax deductions or may elect to have the
bonus amount (subject to limits as prescribed by law) paid to
the independent trustees of the scheme who use the funds to
acquire shares. In addition, participants may voluntarily apply
a certain percentage (subject to limits as prescribed by law) of
their gross basic salary towards the purchase of shares in a
similar manner. The shares must be held by the trustees for a
minimum of two years after which participants may dispose of the
shares but will be subject to normal income taxes until the
shares have been held for a minimum of three years.
This excerpt taken from the ELN 6-K filed Mar 31, 2008. Approved
Profit Sharing Scheme
We also operate a profit sharing scheme, as approved by the
Irish Revenue Commissioners, which permits employees and
executive directors who meet the criteria laid down in the
scheme to allocate a portion of their annual bonus to purchase
shares. Participants may elect to take their bonus in cash
subject to normal income tax deductions or may elect to have the
bonus amount (subject to certain limits) paid to the independent
trustees of the scheme who use the funds to acquire shares. In
addition, participants may voluntarily apply a certain
percentage (subject to certain limits) of their gross basic
salary towards the purchase of shares in a similar manner. The
shares must be held by the trustees for a minimum of two years
after which participants may dispose of the shares but will be
subject to normal income taxes until the shares have been held
for a minimum of three years.
This excerpt taken from the ELN 20-F filed Feb 28, 2008. Approved
Profit Sharing Scheme
We also operate a profit sharing scheme, as approved by the
Irish Revenue Commissioners, which permits employees and
executive directors who meet the criteria laid down in the
scheme to allocate a portion of their annual bonus to purchase
shares. Participants may elect to take their bonus in cash
subject to normal income tax deductions or may elect to have the
bonus amount (subject to certain limits) paid to the independent
trustees of the scheme who use the funds to acquire shares. In
addition, participants may voluntarily apply a certain
percentage (subject to certain limits) of their gross basic
salary towards the purchase of shares in a similar manner. The
shares must be held by the trustees for a minimum of two years
after which participants may dispose of the shares but will be
subject to normal income taxes until the shares have been held
for a minimum of three years.
This excerpt taken from the ELN 6-K filed Mar 30, 2007. Approved
Profit Sharing Scheme
We also operate a profit sharing scheme, as approved by the
Irish Revenue Commissioners, which permits employees and
executive directors who meet the criteria laid down in the
scheme to allocate a portion of their annual bonus to purchase
shares. Participants may elect to take their bonus in cash
subject to normal income tax deductions or may elect to have the
bonus amount (subject to certain limits) paid to the independent
trustees of the scheme who use the funds to acquire shares. In
addition, participants may voluntarily apply a certain
percentage (subject to certain limits) of their gross basic
salary towards the purchase of shares in a similar manner. The
shares must be held by the trustees for a minimum of two years
after which participants may dispose of the shares but will be
subject to normal income taxes until the shares have been held
for a minimum of three years.
This excerpt taken from the ELN 20-F filed Feb 28, 2007. Approved
Profit Sharing Scheme
We also operate a profit sharing scheme, as approved by the
Irish Revenue Commissioners, which permits employees and
executive directors who meet the criteria laid down in the
scheme to allocate a portion of their annual bonus to purchase
shares. Participants may elect to take their bonus in cash
subject to normal income tax deductions or may elect to have the
bonus amount (subject to certain limits) paid to the independent
trustees of the scheme who use the funds to acquire shares. In
addition, participants may voluntarily apply a certain
percentage (subject to certain limits) of their gross basic
salary towards the purchase of shares in a similar manner. The
shares must be held by the trustees for a minimum of two years
after which participants may dispose of the shares but will be
subject to normal income taxes until the shares have been held
for a minimum of three years.
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