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This excerpt taken from the LUX 6-K filed Nov 19, 2009. Section 11
29 Payment Mechanics
These excerpts taken from the LUX 6-K filed Nov 8, 2007. Section 11
29 Payment Mechanics
Section 11
29 Payment Mechanics
This excerpt taken from the LUX 20-F filed Jun 28, 2006. Administration. The
Plan shall be administered by the Board of Directors (“Board”) of the Company,
in accordance with and subject to the express provisions of the Plan and the
guidelines, if any, approved by the Company’s shareholders, as in effect from
time to time (“Shareholder Action”). Subject to the foregoing, the Board may
interpret the Plan, prescribe, amend and rescind rules and regulations
relating to it, determine Option grants and the terms and provisions of
Participants’ Option Agreements (which need not be identical), and make such
other determinations as it deems necessary or advisable for the administration
of the Plan. The Board may delegate the implementation and management of the
Plan to such employees or officers of the Company as the Board determines,
other than any such delegation as would cause Options or other transactions
under the Plan to cease to (A) be exempt from Section 16(b) of
the Exchange Act, or (B) satisfy the “independent director” requirements
of the New York Stock Exchange Rules. The decisions of the Board and its
delegate(s) under the Plan shall be conclusive and binding. No member of
the Board or any of its delegate(s) shall be liable for any action taken
or determination made in good faith. The exercise of any Options shall be
subject to the completion of all requisite corporate actions and the obtaining
of all necessary governmental approvals to authorize the issuance of the
Ordinary Shares issuable upon such exercise in accordance with applicable law.
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RELATED TOPICS for LUX: |
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