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This excerpt taken from the LUX 20-F filed Jun 28, 2006. Purpose. The
purpose of the Plan is to enable the Company and its direct and indirect
subsidiaries throughout the world to attract, retain, and reward key employees
(“Key Employees”) by offering them an opportunity to have a greater proprietary
interest in, and closer identity with, the Company and its Subsidiaries (as
defined below), and with their financial success, by granting them an option (“Option”)
to purchase the Company’s Ordinary Shares (“Ordinary Shares”). Proceeds
received by the Company from the sale of Ordinary Shares pursuant to Options
shall be used for general corporate purposes. The term “Subsidiary” shall mean
any entity more than 50 percent of the ownership of which is controlled
directly or indirectly by the Company.
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