1.Offer for the grant of option
The board is pleased to advise you that pursuant to a resolution passed at a meeting of the board held on 8th March 2007,the board has resolved to grant you the “Offer” at a consideration of HK$1.00 an opt...1.Offer for the grant of option
The board is pleased to advise you that pursuant to a resolution passed at a meeting of the board held on 8th March 2007,the board has resolved to grant you the “Offer” at a consideration of HK$1.00 an option pursuant to the Pre-IPO Share Option Scheme to subscribe for 40000 shares at an exercise price of 85% of final HK dollar price per share at which the shares are to be subscribed for /purchased and issued/ sold pursuant to the global offering of the shares in the initial public offering in or around March 2007 at any time during the six-year period commence from the expiry of twelve months from the listing date (the option period )provided that the maximum number of shares in which you are entitled to subscribe for by exercising the option shall not exceed (a) 25%of the total number of option shares during the period from expiry of the first anniversary of the listing date to the date immediately before the second anniversary of the listing date :and (b) 25%of the total number of option shares during the period from expiry of the second anniversary of the listing date to the date immediately before the third anniversary of the listing date ;and (c) 25%of the total number of option shares during the period from expiry of the third anniversary of the listing date to the date immediately before the fourth anniversary of the listing date ;and (d) 25%of the total number of option shares during the period from expiry of the fourth anniversary of the listing date to the date immediately before the fifth anniversary of the listing date save that any of the outstanding and unexercised option at the end of each of the aforesaid vesting periods may be rolled over to the next vesting period and exercisable during the option period ,and the option shall,in any case ,lapse where you cease to be employed by the company or its subsidiaries for whatere reason or otherwise pursuant to the terms of the Pre-IPO Share Option Scheme.The offer is open for acceptance for a period of 7 days from the date of this letter.
2.Procedure for acceptance
If you wish to accept the offer ,you must lodge the attached form of acceptance duly signed by you with the company at…with in 7 days from the date of this letter ,together with a remittance in favour of the company of HK$1.00 by way of consideration for the grant hereof completion and return of the form of acceptance will constituted an undertaking on your part to hold the option upon the terms on which it is granted and to be bound by the provisions of the Pre-IPO Share Option Scheme.
It should also be noted that unless the duly signed form of acceptance has been lodged by you within 7 days from the date of this letter,the offer will lapse.展开 |
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